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. Stocks were in sell-off mode Friday, dragging down the S & P 500 and Nasdaq , which were on pace for their third day of losses. The S & P 500 was having its worst day since 2022. Our “own it, don’t trade it” name Apple was bucking the market tech wreck, gaining 2% on Friday. Apple delivered solid earnings after Thursday’s close. While there are concerns about consumer spending and whether they can afford Apple’s products, Jim Cramer said there’s a “broadening out” of customers who buy iPhones with traction in growing markets like the Philippines, India, and Indonesia. Shares of Amazon were down 8% on Friday. Jim said the post-earnings selling in the e-commerce and cloud giant is overdone. Focusing on the light forward guidance due to some retail misses is “a big mistake,” Jim added, citing growth in the company’s Amazon Web Services cloud unit. There was a bright spot in e-commerce, the cost-to-serve was again lower. “This company is in such great hands that you have to buy some stock here,” Jim advised investors. Jim is looking at bunch of stocks amid Friday’s sell-market off and highlighted potential buying opportunities for long-term investors who have cash to put to work. Advanced Micro Devices : Jim said the stock is “a very good buy right here” given it’s set to benefit from the AI-enabled personal computers buying cycle. AMD shares traded 2.4% higher Friday. Meta Platforms : Shares down 1% is another good opportunity to pick up some on weakness. The company is spending big on AI but is also generating a return on that investment. Nextracker : Shares plunging 12% on Friday is a chance to buy. But Jim added that he “wouldn’t get aggressive because Nextracker is high growth.” Eaton : Jim said Eaton is a buy here with shares down 4.5% Friday. The power management company’s incredible growth is “one of the great stories for the future” Jim said. Jim sees banks Wells Fargo and Morgan Stanley are buys ahead of a fall season filled with merger deals. Both stocks were down Friday. (Jim Cramer’s Charitable Trust is long AAPL, AMZN, AMD, META, NXT, ETN, WFC, MS. 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.
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