3 investing lessons from the Club’s meeting Wednesday

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 Wednesday’s key moments. Buy and hold EL Possible DHR trade Still like AAPL 1. Buy and hold Estee Lauder China on Wednesday announced significant rollbacks of its stringent zero-Covid policy. And we’re reiterating our advice to buy shares of Estee Lauder (EL), which does more than a third of sales in China and should see its stock price soar once the country fully reopens its economy. “I want you to buy Estee Lauder and I want you to hold it as the facts turn out to be better and the analysts have to raise numbers,” Jim Cramer said Wednesday. Estee Lauder was trading down nearly 2% Wednesday, at $232.44 a share, amid broader market volatility. 2. Possible Danaher trade We are looking for a chance to buy the dip on Danaher (DHR), another strong play amid China’s reopening. The company’s spinoff of its environmental and applied solutions business, along with its shift to becoming a pure diagnostics and biopharma firm, should mean more stability for the stock. Moreover, Danaher has a strong record of outperforming after previous spinoffs. The stock was trading up 0.5% Wednesday, at $266.68 a share. 3. We still like Apple Morgan Stanley on Wednesday cut Apple (AAPL) iPhone shipment expectations for the December quarter by 3 million units, after having trimmed forecasts by 6 million units last month. The bank now predicts Apple will ship 75.5 million units this quarter, a result of recent production hold-ups in China due to Covid-19 lockdowns. However, with China pressures likely easing, we’re sticking to our Apple mantra: Own it, don’t trade it. (Jim Cramer’s Charitable Trust is long AAPL, DHR, EL. 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.