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. Stock markets are higher Friday as the S & P 500 tries for a nine-day winning streak, which would be the longest since November 2004. The market has erased nearly all of its Liberation Day losses. In the latest on trade, China said overnight that it is weighing possible trade talks with the U.S, a likely first step to lowering the 145% tariff rate. The April job’s report also came in with solid stats, with nonfarm payrolls up 177,000 for the month vs. the Dow Jones estimate for 133,000. “The jobs report has given people a lot of cover to buy,” said Jim Cramer, adding that the data helped ease recession fears. 2. Amazon reported Thursday evening with a sales and earnings per share beat . The company’s operating margins were better than expected, driven by cloud unit Amazon Web Services. Despite the division’s slight miss on revenues, Jim is very excited about Amazon. The e-commerce giant will be a “dominant retailer if things get tough in the country,” he said. With shares trading in the high $180s, Jim said Club members are getting a chance to buy Amazon at a discount. 3. Apple on Thursday reported a sales beat for the company’s products, including iPhones, but a miss for its services business. The company also estimated the tariff impact on the June quarter to be about $900 million, but couldn’t provide projection for the rest of the year. For the current quarter, the majority of iPhones sold in the U.S. will arrive from India while wearables will come from Vietnam. “Apple’s tougher for me,” said Jim, citing that the real issue with Apple is its involvement in multiple lawsuits . This includes an antitrust case filed by the Department of Justice accusing Apple of monopolizing the smartphone market through use of its App store. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Chevron and Take-Two . (Jim Cramer’s Charitable Trust is long Amazon, Apple . 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.
