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 in the green Friday, capping off a week of fresh record highs for the S & P 500 on a positive note. The market’s gains come on the heels of solid earnings and positive trade news developments. Investors will keep a close eye out for more trade news ahead of the Trump administration’s Aug. 1 deadline for higher tariffs kicking in. President Donald Trump told reporters Friday morning that the U.S. has the “confines of a deal” with China ahead of next week’s meeting between the two countries in Stockholm. Also on next week’s agenda is a Federal Reserve rate decision Wednesday, though the central bank is expected to keep policy steady. However, the Fed may set themselves up to lower rates later this year. The July jobs report also comes out next Friday. 2. Both Dover and Honeywell are down again Friday despite reporting solid earnings Thursday. “We’re frustrated by this,” said Jeff Marks, director of portfolio analysis for the Club. Dover beat on both top and bottom line while raising its outlook on sales and adjusted earnings per share for the year. “We thought the stock should have been up four to five bucks yesterday, not down four to five,” Marks said. It’s a similar story for Honeywell, which also reported an overall decent quarter, though not perfect with transitory headwinds in aerospace. “I thought it’d get more credit. It didn’t,” said Marks. The Club likes how both companies have been progressing and might pull the trigger to buy more of Honeywell and, perhaps, additional shares of Dover on Monday. “We’ll see,” Marks said. 3. Looking ahead, investors are walking into a busy week for earnings, with around 150 S & P 500 companies set to report, including four of the “Magnificent Seven.” Portfolio name Starbucks is first in line Tuesday evening. We’re “focusing on what Brian Niccol has to say about the stores [where] he’s been able implement some of his changes,” Marks said. Microsoft and Meta report Wednesday after market close. Thursday is another big day with Bristol Myers reporting before the market open followed by Apple and Amazon on Thursday after closing bell. (Jim Cramer’s Charitable Trust is long AAPL, AMZN, MSFT, SBUX, META. 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.
