CNBC’s Investing Club with Jim Cramer hosts a live “Morning Session” every weekday at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Hold On To TJX Hold On To Oil Charitable Donation 1. Hold On To TJX Shares of TJX ( TJX ) could be trading lower on Wednesday morning after the off-price retailer’s fourth-quarter earnings report. That’s a typical post-earnings move for TJX before the stock gradually moves higher again, Jim Cramer said on Tuesday. Retail stocks are in the spotlight Tuesday after Home Depot ( HD ) and Walmart ( WMT ) reported quarterly results, both issuing cautious guidance for next year. While TJX’s outlook could also be conservative, the club continues to support store operators like TJ Maxx and Marshalls as the best-placed retailer in the current economic climate. TJX shares fell nearly 0.8% to $79.20 apiece in morning trading. 2. Hold tight to oil Oil stocks likely saw a reset, which is why we reduced our positions in oil and gas producers Pioneer Natural Resources ( PXD ) and Coterra Energy ( CTRA ) on Friday. We’ve also downgraded the shares on both to 2, putting the club on the sidelines for now. The move came after club holding company Devon Energy ( DVN ) delivered a disappointing fourth quarter last week while issuing a fixed-plus-variable dividend payout to shareholders below Wall Street estimates. That sent the stock down, and we suspect the market could react similarly when Pioneer and Coterra — which also provide a fixed plus variable dividend — report quarterly results on Wednesday. Meanwhile, West Texas Intermediate crude was largely flat on Tuesday, trading around $76.47 a barrel. 3. Charitable Donation We held a series of share sales on Tuesday morning to help fund our annual charitable donation. This year’s contribution is $326,951, which consists of all dividend income and realized capital gains. Including the most recent distribution, the Club has given approximately $4.1 million to charity since the establishment of the Jim Cramer Charitable Trust in 2005. Our charity sales on Tuesday affected 23 stocks in the portfolio and once we do the distribution we will still have about 10%. cash position. (Jim Cramer’s Charitable Trust is long TJX, PXD, DVN and CTRA. See the full list of stocks here .) As a CNBC Investing Club with Jim Cramer subscriber, you’ll receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable trust’s portfolio. If Jim was talking about stocks on CNBC TV, he waits 72 hours after the trade alert is issued before he executes the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION SHALL EXIST OR CREATE BY YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
