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 are rising on the first trading day of the new year, with the S&P 500 looking to end a four-session losing streak. This is a complicated situation. While the tech-heavy Nasdaq is trading well, the Dow is falling. Much of this strength was driven by moves in semiconductor stocks Nvidia and Broadcom, which rose 1.7% and 1.2%, respectively. Other strong areas included AI infrastructure club stocks GE Vernova and Eaton, which rose 3% and 2.5%, respectively. Meanwhile, Vertiv shares jumped 8% after Barclays upgraded the stock from hold to buy and raised its price target to $200 from $181. 2. One stock not contributing to that strength is Nike, whose stock price fell more than 1% on Friday. That’s down from 4%, when the stock rose Wednesday due to a surge in insider buying. Apple CEO Tim Cook and former Intel CEO Bob Swan, who are members of the company’s board of directors, purchased the stock in the open market, CNBC reported on Wednesday. On Tuesday, Nike CEO Elliott Hill bought about $1 million in stock. Insiders may sell shares for a variety of reasons, including for tax purposes or to purchase a home. But there is one reason why insiders buy. It’s to make money. This buying activity gives us confidence that a Nike turnaround is underway, and these insiders believe the stock is undervalued. 3. Apple stock fell 0.9% on Friday after a hold rating was initiated on Raymond James. Analysts made the case for the bears, saying current valuations are too expensive and upside is limited. The stock performed well in the second half of 2025, reflecting the solid growth of the iPhone 17 lineup. But investors are looking for innovation in other areas, particularly in the company’s AI efforts, to increase consumer interest in future iPhone sales. We continue to maintain our long-term philosophy of “own, don’t trade” when it comes to stocks. (Jim Cramer’s Charitable Trust is long NVDA, GEV, ETN, NKE, and AAPL. 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.
