Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Friday’s key moments. 1. Stock markets rose on Friday, with all three major indexes hitting new intraday highs. Weaker-than-expected inflation data increased investor optimism that the Federal Reserve will continue lowering interest rates to support the economy. “We’ve got better days ahead,” Jim Cramer said, noting that the 10-year Treasury yield was relatively unchanged. Nevertheless, Jim says, “What doesn’t seem strange to me is that the (S&P) oscillator is at 2.4.” Ten club names are expected to report next week: Squibb, Boeing, Corning, Eli Lilly, Linde, Meta, Microsoft, and Starbucks.The Federal Reserve’s October policy meeting also concludes,” Wednesday 2. Jim predicts that Capital One stock will be worth $250 per share. “This is still my favorite stock in my portfolio, even though it’s gone up a lot since I bought it,” Jim said. The club launched its first position at Capital One in March at about $178 a piece. It trades around $225 every Friday. Stocks have taken a hit recently as concerns about credit quality weighed on global banks, but a strong quarterly report eased those concerns. 3. As for GE Vernova, Jim believes the stock is solidifying ahead of another moonshot. “This stock is a rocket ship,” Jim said, comparing the energy company’s chart pattern to that of Alphabet, AMD and Oracle before their big rally. GE Vernova reminded investors that it is well-positioned to support the energy infrastructure demands of the AI trade. The stock price plunged after the earnings report on Wednesday, but erased all of those losses on Thursday. “After speaking with (CEO) Scott Strzyk, I realized that no one other than GE Vernova really has the ability to produce more power on the grid,” he said. 4. The stocks featured at the end of Friday’s video are: Intel, Ford Motor Co., Procter & Gamble, Coinbase, and Target. (Jim Cramer’s charitable trusts are long AMZN, APPL, BMY, BA, COF, GEV, GLW, LLY, LIN, META, MSFT, SBUX. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. Jim is waiting 45 minutes after sending a trade alert to buy or sell stocks in a charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duty or obligation exists or arises from your receipt of information provided in connection with an investment. club. No specific results or benefits are guaranteed.
