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CNBC Investing Club’s “Morning Meeting” with Jim Cramer airs live every weekday at 10:20 a.m. ET. Here’s a recap of Friday’s highlights. 1. Stocks were slightly lower on Friday, with the S & P 500, Nasdaq and Dow all relatively flat in the early afternoon. The yield on the benchmark 10-year Treasury rose this week as traders battled the Fed, which is expected to cut interest rates again at next week’s meeting. The stock market was struggling to “break the spell of negativity” seen this week, Jim Cramer said on the Morning call. Despite broader market weakness, individual stocks such as Club Name Broadcom were the standouts, rising more than 20% on Friday after a strong earnings report after Thursday’s closing bell. The stock move put Broadcom in the trillion-dollar market cap club. 2. Broadcom’s rise, driven by better-than-expected sales of AI networks and custom chips, while welcome, raises questions about whether demand for custom chips is challenging the dominance of GPUs, the bread and butter of Nvidia and Advanced Micro club chip stocks. Devices Jim credited the recent lackluster performance of Nvidia stock, which he attributed to a gradual sell-off by big-money investors. “That’s fine. It’s often done before you get to the next climb,” Jim explained. Although he expressed AMD’s concern, “I thought there was a scarcity value in AI chips. It looks like there might not be much scarcity value.” 3. Pressure on healthcare stocks weighed on shares of life sciences company Danaher. But Bank of America thinks the stock is worth buying on weakness. “The recent pullback has created a more attractive entry point,” the analysts wrote in a client note, adding that shares are poised to outperform in 2025 as a recovery in the company’s key bioprocessing business continues to take shape. The heavy oversight of the health care industry that Jim suggested, due to the potential for broader health care reform, is not Danaher’s cause. Although it took some time to recover the company’s bioprocessing unit, “we’re still with it because it’s the same company,” he explained. 4. Stocks covered in Friday’s rapid fire at the end of the video were: RH , PayPal Holdings , General Mills , Centene and Homebuilders . (Jim Cramer’s Charitable Trust is long AVGO, NVDA, AMD, DHR. See the full list of stocks here.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim trades. Jim will wait 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he will wait 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS PURSUANT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, SUBJECT TO OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR OBLIGATION IS CREATED, OR CREATED, FOR ANY INFORMATION ENTERED INTO WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
