CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream each weekday at 10:20 AM ET. Let’s know about the major moments of Tuesday. Stock Picked Over Disney’s Pivot To Profitability? Confidence in Microsoft 1. Stock Picks Here are two stock picks Jim Cramer highlighted for new members of the club on Tuesday: Estee Lauder (EL): We’re bullish on the prestige beauty company’s stock and are slowly moving into September. Adding to our short position from the end. While China, a key market for Estee Lauder, faces ongoing Covid-19 lockdowns, we expect the cosmetics giant to soar once Beijing finally reopens the economy. Shares of EL were trading down 0.60% on Tuesday morning at $215.35 per share. Constellation Brands (STZ): The company behind Corona beer is a stock we’ve long liked as a bearish play, as liquor sales remain steady despite economic uncertainty. We recommend investors buy it here. STZ was trading down 2.68% on Tuesday at $250.61 per share. 2. The pivot of Disney’s profitability? Disney (DIS) CEO Bob Iger held his first town hall meeting on Monday after returning to the company last week. We are pleased that he plans to prioritize profitability over subscriber growth in the Streaming division. Following the disappointing financial fourth quarter results, our main concern with the club has been around poor execution. But we are very optimistic about Iger’s vision for the company. 3. Confidence in Microsoft Morgan Stanley defended Microsoft (MSFT) on Tuesday, citing strong demand in its commercial businesses that should boost earnings and revenue in the second half of next year. We have a large position in the tech giant, and Morgan Stanley’s positive valuation of the stock reinforces our own confidence in this club holding. (Jim Cramer’s charitable trust is long DIS, MSFT, STZ. See here for a complete list of stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you’ll receive trade alerts before Jim trades. Jim waits 45 minutes to send a trade alert before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above Investment Club information is subject to our terms and conditions and privacy policy, along with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with Investment Club. No specific results or benefits are guaranteed.