These 2 stocks are on our radar — here's what it will take for us to buy

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 major averages climbed off their session lows, led by gains in technology names outside the chip sector, including Microsoft and Amazon , along with strength in defensive stocks such as Procter & Gamble and Johnson & Johnson . The weakness followed a sharp overnight decline in South Korea's KOSPI Index and continued pressure on Nvidia , Broadcom , Arm , Intel , and other AI chip names. Despite the volatility, Jeff Marks, director of portfolio analysis for the Club, said he doesn't see any change to the long-term AI investment thesis. Instead, he views the recent pullback as a healthy reset after a powerful rally in semiconductor stocks and is prepared to add to favored positions if shares come under further pressure. 2. Two of the Club's retail stocks, Home Depot and Nike , received downgrades Tuesday morning. Wolfe Research cut Home Depot to hold from buy, arguing that higher interest rates could keep the housing market sluggish and weigh on demand for home improvement projects. Jeff acknowledged those concerns but noted that falling oil prices could help ease inflation pressures and reduce the likelihood of additional Federal Reserve rate hikes. Meanwhile, Evercore downgraded Nike ahead of next week's earnings report, citing the risk of another round of estimate cuts and continued weakness in wholesale channels. …