Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Friday’s key moments. 1. Stocks were mixed on Friday as investors prepared for SpaceX’s highly anticipated IPO while weighing the possibility of a peace deal between the US and Iran. Markets briefly fell after President Donald Trump warned Iran that it was “better to get our act together” despite reports that a potential deal was still on the table. Oil also fell from its trading lows, but remained down about 1% at around $87 a barrel as traders continued to believe a diplomatic solution could ease supply concerns. Jim noted that global oil supplies are more robust than many investors think, helping to reduce market sensitivity to turmoil in the Middle East. 2. SpaceX remained at the center of market attention ahead of its public launch. The offering price was $135 per share, with an opening price of around $165. Jim said early signs point to strong demand and suggested the market may be absorbing this huge deal better than many investors feared. “We’re over the hump,” he said. Still, Jim cautioned investors against chasing the stock right after it opened. “If you’re not in the trade and you have a price that low, don’t get out until you get a little closer to the benchmark,” he said. Jim advises investors to wait until the company has established a trading history before actively purchasing shares on the open market. He also emphasized that the club that owns Linde could benefit from increased activity in the space industry. 3. Shares in the club that owns Inter rose 5% on Friday, adding to Thursday’s nearly 9% rise following two upgrades by Bank of America analysts. Jim reiterated his bullish view, calling Intel “the greatest story right now” in semiconductors and claiming its prospects even outpace Nvidia’s. “It’s my favorite stock,” Jim said. “I think Intel will go to 200,” he said, implying an increase of about 63% from current levels. Jim credited CEO Lip-Bu Tan with restoring faith in the business, saying, “Lip-Bu Tan believed him when he said the foundry would work and that CPUs would become even more valuable in the data center.” 4. The stocks featured at the end of Friday’s video were Williams-Sonoma, AMD, Arm, and Lennar. (Jim Cramer’s charitable trusts are Long INTC, LIN, NVDA. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
