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 sell-off deepened Friday, building on Thursday’s drop as fears of a global trade war weighed on corporate earnings expectations. The S & P 500 and Nasdaq are in the midst of their worst two-day stretch since the height of the pandemic, while the Dow Jones Industrial Average is seeing its sharpest decline since June 2020. Jim Cramer called this a manufactured sell-off, suggesting that the Trump administration can take action to take pressure off the market. Despite the uncertainty, Jim urged investors to stay the course. Reflecting on past market crashes, he said, “If you stayed the course in good stocks, you never had to worry about getting back in and you made a huge amount of money.” Still, we’re making some portfolio adjustments, cutting some names we no longer want to defend and raising some cash to be a bit more defensive. 2. Case in point, we exited our position in GE Healthcare due to its significant exposure to international markets like Europe, Asia and South America – parts of the world vulnerable to aggressive tariff measures. The stock suffered a 13% drop Friday. Life sciences firm Danaher , which also has substantial revenue tied to China, saw its shares fall 5%. Jim called buying the stock a mistake, citing the company’s deep investment in China to fuel innovation. “Every company that banked on China made a mistake.” 3. For investors looking to take advantage of the market’s weakness, Jim highlighted a few buying opportunities. With interest rates falling, ” Home Depot should be bought, perhaps even aggressively,” he said. Shares of the retailer were down 0.6% Friday. The company is closely tied to mortgage rates, which are now at their lowest levels since last October and could benefit from the pent-up housing demand. As for tech giants Apple and Nvidia , whose shares are down 3.8% and 6.3%, respectively, he said, “I’m not against you buying a quarter of a position” if you don’t already own them. Director of portfolio analysis Jeff Marks added investors should weigh their risk tolerance and long-term goals before jumping in. Jim also likes Amazon . While the company has a large international business that could be tariffed, the 2.3% drop in the stock makes it look attractive. (Jim Cramer’s Charitable Trust is long HD, DHR, NVDA, AAPL, AMZN. 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.
