Every weekday, the CNBC Investment Club will host a live “Morning Meeting” with Jim Cramer at 10:20 a.m. ET. Here’s a look back at Friday’s key moments. 1. Wall Street rallied higher on Friday after a “really bad day,” as Jim Cramer put it. Thursday’s late decline came as bond yields rose as “good economic data was viewed as bad news.” The sell-off came despite Nvidia’s stock price rising 9% following the earnings release. Shares of the artificial intelligence chip giant edged higher on Friday. Goldman Sachs postponed expectations for the Fed’s first interest rate cut from July to September. Cramer said on Friday that interest rates must stay higher for longer because we “cannot let inflation become America’s biggest problem.” 2. Eli Lilly is investing $5.3 billion to boost production at its Indiana plant to expand production of weight loss drug Zepbound, diabetes treatment Mounjaro and other drugs. This increases Eli Lilly’s total investment in the plant from $3.7 billion to $9 billion. The company expects to begin producing pharmaceuticals at the facility in late 2026 and expand operations in 2028. “There’s such a huge demand for this product,” Cramer said, referring to those GLP-1s containing the common active ingredient tezepatide. Zepbound and Mounjaro compete with Novo Nordisk’s Wegovy and Ozempic. 3. Four clubs will report earnings next week: Salesforce, Best Buy, Foot Locker and Costco. Salesforce will do so after the close on Wednesday. The stock fell on the back of HR software company Workday. Cramer said he was “almost tempted to buy some” of Salesforce as the stock dropped. Best Buy will list the shares before the market opens on Thursday. Cramer said he acquired the electronics retailer early in case artificially intelligent PCs quickly became available. That didn’t happen. But it will. Foot Locker also went live Thursday morning. Here’s a look at CEO Mary Dillon’s transformation journey. Nike’s recent weak performance doesn’t bode well. Costco is open after the bell on Thursday. Will Costco be the next company to split its stock? Cramer said that would be great, noting that he had been urging Nvidia to split up, which it did this week. (See here for a complete list of stocks in the Jim Cramer Charitable Trust.) As a subscriber to Jim Cramer’s CNBC Investing Club, you will receive trade alerts before Jim makes his trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation is created or created by any information you receive in connection with the Investment Club. No specific results or profits are guaranteed.
