The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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 S & P 500 and Nasdaq Composite pushed higher Friday, buoyed by strength in Big Tech names like Club holding Amazon . The e-commerce giant reported a blockbuster earnings report Thursday evening, highlighted by growth in its cloud computing unit. Shares are up more than 10%. Friday also marks the last trading session of October. Next week, Club names Eaton, DuPont, and T exas Roadhouse will all release quarterly results. 2. Don’t own any Apple stock? New investors should consider starting a position if shares continue to fall on Friday, advises Jim Cramer. Apple stock should be up, given its stellar quarterly earnings report Thursday evening, which showed that the iPhone maker’s shares have more room to run. Apple posted strong guidance and saw huge revenue growth in its crucial high-margin services unit. “Let it come in. And then, if you don’t own any Apple, then you buy,” Jim added. “We have the same attitude as we’ve always had, which is own it, don’t trade it.” 3. Investors should also consider buying more Nike and Boeing following a stretch of underperformance for the Club names. Nike and Boeing shares have each declined roughly 7% over the past month. “We have a bad market for anything other than tech,” Jim said Friday. The footwear giant and aircraft maker have both been unfairly punished, and their turnaround stories remain strong. “These are companies that have vastly improved,” he added. We bought some Nike stock on Friday morning. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Chevron, Reddit, and Netflix . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
