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 Friday ‘s key moments. 1. The stock market is little changed on Friday after posting back-to-back gains as geopolitical concerns subsided. The majority of the Magnificent Seven, including the Club holdings Amazon , Meta, Microsoft , Google , and Nvidia , are higher. Jim Cramer said again that “we’re sticking by” the cohort despite the recent rotation out of the group and into storage and semiconductor equipment stocks. Looking ahead, it’s a busy earnings week for the Club. Boeing reports on Tuesday, while Corning , Danaher , GE Vernova , Starbucks , Meta, and Microsoft report on Wednesday. Dover , Honeywell , and Apple report on Thursday. The Federal Reserve’s next Open Market Committee meeting is on Tuesday and Wednesday. The likelihood that interest rates remain at their current level is 97%, according to CME’s FedWatch Tool. 2. Capital One shares are down around 7% after delivering a mixed quarter on Thursday , with a miss on earnings per share estimates. The company also surprised investors by announcing its acquisition of payments startup Brex for $5.15 billion. “The big thing here is that this deal is going to make them more competitive in the corporate card space, an area where they haven’t had a big presence,” said Jeff Marks, director of portfolio analysis for the Club, aligning the bank with a business model similar to American Express . The Club trimmed some shares back in December, but Jim says we’re holding on to the rest. “A big move is coming,” he said. 3. Nvidia shares are higher after Bloomberg reported that China told its largest tech companies, including Alibaba, Tencent, and ByteDance, to prepare to order its H200 chips. But Jim’s not confident that Nvidia can finish today’s session higher, noting volatility in the sector. “I believe in Nvidia, but people would much rather buy Micron ,” said Jim, citing the shortage in memory chips. Meanwhile, Nvidia’s stock is being “punished because they actually have enough product.” Semiconductor stocks, including Intel and portfolio holding Broadcom , are also struggling. “Maybe at $300 we should buy some [Broadcom],” Jim said. 4. Stocks covered in Friday’s rapid fire at the end of the video were: SLB , CSX , Clorox , and Intuitive Surgical . (Jim Cramer’s Charitable Trust is long AMZN, AVGO, BA, META, GOOGL, MSFT, NVDA, HON, DOV, APPL, SBUX, GEV, COF, GLW. 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.
‘A big move is coming’ for this financial, mulls chip stock buy
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