Jim Cramer says shares of this once-dormant tech giant will 'run for a long time'

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 S & P 500 rose as oil prices fell and investors reacted to a solid batch of earnings reports. West Texas Intermediate crude dropped 3%. Jim Cramer said Tuesday's stock market was a "nice bounce back" following Monday's retreat. Cramer identified two prevailing themes: (1) the usual oil down and bond yields down, stocks up; and (2) it seems to be "software or hardware — yesterday, it was software's turn, today it's hardware's turn." 2. Amazon shares jumped to another all-time high Tuesday, one day following the launch of Amazon Supply Chain Services for businesses. After sitting down with Amazon CEO Andy Jassy on "Mad Money." Jim had one big takeaway: The payoff on this year's expected $200 billion of spending is not far off. Jim said that Amazon "naysayers" are failing to understand how the company will capitalize from its investments. "Amazon understands more than anyone," Jim argued. "After being dormant for a lot of time, [the stock's] going to run for a long time." Earlier on CNBC, Jim said the big spending guide is "offense that they're playing." Jim pointed out that Jassy is talking about making money in 2027-2028. "That's not that far away." When asked about whether Amazon was his favorite Mag 7 stock over Alphabet , Jim smiled and said Amazon is "so good." He did not choose. 3. Eaton fell over 3% after delivering strong earnings but missed on guidance. The stock will come back, Jim said. " We are buying because the market is wrong." DuPont , on the hand, surged over 9% after a small top line beat and raised its guidance. Jim is happy with DuPont's cash availability, allowing for potential mergers. Despite the rally, Jim said it is a "great time to not sell your DuPont" shares. Watch your inboxes and texts for our full analysis on both Eaton and DuPont earnings. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Palantir , PayPal , Coinbase , Pfizer , and Shopify . (Jim Cramer's Charitable Trust is long AMZN, ETN, and DD. 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.