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. Stocks are mixed Friday, as Wall Street wraps up a strong week that has sent the S & P 500 up nearly 4%. A belief that U.S.-China trade tensions are easing somewhat has supported the market this week, though the more recent headlines on the situation make it unclear whether the two countries have met to discuss tariffs. “Try to focus on the stocks that are not involved in the Trump and Xi situation,” Jim Cramer said, referencing President Donald Trump and China’s Xi Jinping. Meanwhile, the decline in bond yields also is supportive for stocks, with the 10-year Treasury yield trading around 4.26% Friday. That is down from 4.4% as of Monday’s close. On Friday, the latest consumer sentiment reading from University of Michigan showed improvement, while inflation expectation levels fell but remain elevated. 2. Meta Platforms is among our best performing stocks Friday, and some of the move is likely thanks to what we heard Thursday night from an ex-Club stock that also relies heavily on advertising revenues. Google parent Alphabet , which we exited in late March, reported a strong quarter, with ad revenues coming in a bit above expectations. Alphabet did say it expects a “slight” headwind to its ad business this year due to the impending closure of a loophole that allowed packages valued under $800 to enter the U.S. tariff free. That’s something to watch for Meta, which reports next week. Alphabet also maintained its $75 billion capital expenditure budget, which is good news for AI infrastructure trade including Club chipmakers Nvidia and Broadcom. Alphabet CEO Sundar Pichai touted the firm’s close relationship with Nvidia, while Alphabet also co-designs custom AI chips with Broadcom. 3. Nvidia saw its shares climb higher Friday. While Morgan Stanley lowered its price target on Nvidia’s stock by $2 a share to $160, analysts said the idea that an AI digestion phase is upon us is “laughable,” given the need for more chips to run AI applications, a process known as inference. Still, Nvidia’s near-term numbers are capped by supply and export controls, analysts wrote. Interestingly, Morgan Stanley said that “demand commentary has intensified in the last few days.” Jim recommend booking profits earlier this month in Nvidia, and with our trading restrictions finally cleared, we reduced our position size on Monday. 4 . Stocks covered in Friday’s rapid fire at the end of the video were: Intel , Abbvie , Colgate , Lowe’s , and T-Mobile (Jim Cramer’s Charitable Trust is long NVDA. 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.
