Every weekday, CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street rebounded Friday after the previous session was, as Jim Cramer put it, “really a bad day.” The late-day Thursday decline got here as bond yields rose because “good economic data was seen as bad news.” The market also sold off despite a 9% rise in Nvidia shares after the earnings release. The AI chip giant’s stock rose barely on Friday. Goldman Sachs pushed back its forecast for the Federal Reserve’s first rate cut from July to September. “Rates need to stay higher longer because we can’t let inflation be the biggest problem in America,” Cramer said Friday. 2. Eli Lilly is investing $5.3 billion to ramp up production at an Indiana plant and expand production of weight-loss drug Zepbound, diabetes drug Mounjaro and other drugs. That brings Lilly’s total investment in the positioning to $9 billion from $3.7 billion. The company expects to start out making drugs at the positioning toward the tip of 2026 and ramp up operations by 2028. That big upfront investment shows Lilly’s commitment. “The demand for this product is so great,” Cramer said, referring to GLP-1 with the common lively ingredient tirzepatide. Zepbound and Mounjaro compete with Novo Nordisk’s Wegovy and Ozempic. 3. Four club names report earnings next week: Salesforce, Best Buy, Foot Locker and Costco. Salesforce is next in line after the market closes on Wednesday. The stock fell according to HR software company Workday. Cramer said he was “almost tempted to buy some Salesforce shares” when the stock fell. Best Buy is up before the market close on Thursday. Cramer said he bought the electronics retailer early in case PCs with artificial intelligence hit the market quickly. That hasn’t happened. But it’s going to occur. Foot Locker also appears on Thursday morning. It’s all about seeing where CEO Mary Dillon is in her turnaround. Nike’s weak performance of late is not an excellent sign. Costco appears on Thursday after the market close. Could Costco split its stock next? Cramer said that may be great, declaring that he pushed Nvidia to separate, which the corporate did this week. (For a full list of stocks in Jim Cramer’s Charitable Trust, click here.) As a subscriber to CNBC Investing Club with Jim Cramer, you may receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock from his Charitable Trust’s portfolio. When Jim has discussed a stock on CNBC, he waits 72 hours after the trade alert is issued before executing the trade. THE INVESTING CLUB INFORMATION MENTIONED ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY AND OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY RECEIVING INFORMATION RELATED TO THE INVESTING CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
