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. Stocks were mostly up on Friday, the Dow was down slightly, and the S&P 500 and Nasdaq were up. All the action was focused on the Nasdaq as semiconductor stocks rose for the 18th straight day. This time, it was driven by Intel’s huge quarter and stock price increase of more than 20%. Jim Cramer said he’s encouraged by developments in the semiconductor market, particularly the performance of Arm, the company’s newest position, but doesn’t like Friday’s market that much. He feels technology is too heavily weighted and would like to see a broader rally. Jim said this is because oil prices haven’t fallen enough for investors to deploy their money to other areas. While the morning meeting was being recorded, news broke that the Justice Department had dropped its criminal investigation into Federal Reserve Chairman Jerome Powell, removing a hurdle to the confirmation of his potential successor, Kevin Warsh. Earlier this week, the Senate Banking Committee held a hearing on Warsh’s nomination by President Donald Trump. 2. Ahead of next week’s earnings, Jim said, “We still recommend Corning.” He acknowledged that Corning stock has been in free fall, doubling since the beginning of the year. Corning’s core fiber optic cables are in high demand as an alternative to copper wire in the era of AI data centers. Fiber runs fast and cool, making it the perfect combination for power-hungry data centers. We want to know whether management will terminate any further supply contracts with hyperscalers. Supporting Corning’s rapid growth this year, Meta Platforms in January agreed to pay up to $6 billion through 2030 to deploy Corning fiber in its AI data centers. 3. Nine other club names will report earnings next week. Microsoft is one of them. Jim said he has “no intention of selling” the software and cloud giant. He acknowledges that stock prices are in a tough spot. But he believes CEO Satya Nadella is aware of the problem and is starting to address it with a sense of urgency. Jim called Meta a “scream buy” and said CEO Mark Zuckerberg is balancing spending and efficiency. Meta terminated its Amazon Graviton CPU contract on Friday and confirmed significant job cuts on Thursday. Meta, Microsoft, Amazon and Google’s parent company Alphabet will all report on Wednesday night. (Jim Cramer’s charitable trusts are long ARM, GLW, MSFT, META, AMZN. 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.
