Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday ‘s key moments. 1. The stock market plunged on Tuesday, erasing Monday’s comeback. The Dow Jones fell more than 850 points amid investors’ worries that the U.S.-Iran conflict will be prolonged. “We’ve got a tough one going,” said Jim Cramer. The new narrative of an extended war, coupled with the idea that the U.S. is no longer winning as its allies face drone attacks, is driving some investors to sell, Jim said. But those who have fled the market altogether rather than taking a more cautious approach are at risk if the situation shifts back in the U.S.’s favor. “Those who flee in moments like this can never get back in,” he added. 2. International oil prices surged for a second day, with Brent crude topping $85 per barrel, after Iran ordered the blockade of the Strait of Hormuz and threatened to attack any tanker that tries to pass through the waterway. West Texas Intermediate crude, the American benchmark, soared to nearly $78 per barrel Tuesday. Jim thinks that the market is pricing in the regional disruption caused by the Strait’s closure. “Remember, we are continentally self-sufficient, and we do have a strategic petroleum reserve,” Cramer said, adding that it’s crucial for price stability during periods like this. 3. CrowdStrike rose more than 1% ahead of its earnings report after the closing bell. Jeff Marks, director of analysis for the Club, said the cybersecurity name will need to post strong numbers to refute the theory that artificial intelligence is a threat to its business. Cramer has consistently defended CrowdStrike, noting that its complex systems aren’t replaceable and that the demand for its services in an uncertain world should remain strong. Indeed, JPMorgan CEO Jamie Dimon told CNBC on Monday that he expects a rise in cyber or terrorist attacks globally after the U.S. and Israel attacked Iran over the weekend. Separately, Wells Fargo initiated coverage on our other cybersecurity holding, Palo Alto Networks , with a buy-equivalent rating. Analysts said Palo Alto has an advantage in its large enterprise customer base, distribution, and willingness to invest ahead of adoption curves. The firm issued a $200 price target on the stock. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Target , Best Buy , On Holdings , Pinterest , and Cigna Group . (Jim Cramer’s Charitable Trust is long PANW, CRWD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
What Jim Cramer wants to see from CrowdStrike’s earnings as Mideast tensions rise