Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Friday’s key moments. 1. Stock markets were little changed on Friday after posting a streak of gains as geopolitical concerns receded. The majority of the club’s Magnificent Seven holdings, including Amazon, Meta, Microsoft, Google and Nvidia, are higher than this. Jim Cramer reiterated that despite recent moves from the group to storage and semiconductor equipment stocks, “we are firmly committed to this group.” Looking ahead, this will be a busy financial week for the club. Boeing will report on Tuesday, and Corning, Danaher, GE Vernova, Starbucks, Meta and Microsoft will report on Wednesday. Dover, Honeywell and Apple reported Thursday. The Fed’s next open market committee will meet on Tuesday and Wednesday. According to CME’s FedWatch tool, there is a 97% chance that interest rates will remain at current levels. 2. Capital One stock is down about 7% after the company reported mixed quarterly results Thursday, missing expectations for earnings per share. The company also surprised investors by announcing it would acquire payments startup Brex for $5.15 billion. “This partnership will make us even more competitive in the corporate cards space, where we haven’t had a significant presence,” said Jeff Marks, director of portfolio analysis at the club, adding that it aligns the bank with a business model similar to American Express. The club reduced some of its shares in December, but Jim said it retained the rest. “A big move is coming,” he said. 3. Nvidia shares are rising after Bloomberg reported that China has told its biggest tech companies, including Alibaba, Tencent and ByteDance, to prepare orders for H200 chips. However, Jim is not confident that Nvidia will be able to close higher today, pointing to the sector’s volatility. “I believe in Nvidia, but people would rather buy Micron,” Jim said, citing the memory chip shortage. Meanwhile, NVIDIA stock is “being punished because it actually has enough product.” Semiconductor stocks, including portfolios holding Intel and Broadcom, are also struggling. “I should probably buy (Broadcom) for $300,” Jim said. 4. The stocks featured at the end of Friday’s video were SLB , CSX , Clorox , and Intuitive Surgical . (Jim Cramer’s charitable trusts are long AMZN, AVGO, BA, META, GOOGL, MSFT, NVDA, HON, DOV, APPL, SBUX, GEV, COF, GLW. 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. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his 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 duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
