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. U.S. stocks declined on Friday as investors looked to wrap up a volatile trading week. The S & P 500 and Nasdaq slipped 0.4% and 0.5%, respectively, in morning trading. The blue-chip Dow was down slightly as well. This follows a losing session, spurred by inflation concerns on Thursday’s hotter-than-expected producer price index print. Shares of chip names like Nvidia and Broadcom whipsawed this week. Still, Jim Cramer said investors shouldn’t worry about the group yet. “There’s no reason to panic on the semis,” he said, maintaining his “own it, don’t trade it” stance on Nvidia, in particular. Rather than speculating, members should wait to hear from CEO Jensen Huang directly at Nvidia’s GTC conference next week. Evercore ISI highlighted a bullish outlook for GE HealthCare stock on Friday. Analysts argued that shares could see more upside on an easing anti-corruption campaign by the Chinese government, which could benefit the firm because of its large exposure to the country. The commentary follows a steep early week sell-off for GE HealthCare — notching its worse intraday performance in 2024 on Wednesday – after the company said its former parent, General Electric , would reduce its stake. “Those who don’t own GE HealthCare, this is your chance,” Jim said, adding that shares are cheap right now. GEHC stock is up less than 1% Friday. Eli Lilly stock fell Friday after disappointing regulatory news. On Thursday, the Food and Drug Administration said it would delay approval for Eli Lilly’s highly-anticipated Alzheimer’s treatment, which was expected to be approved this month. Jim said it was “a setback” for the portfolio name, but still believes in Eli Lilly’s long-term growth prospects. (Jim Cramer’s Charitable Trust is long GEHC, LLY, NVDA, AVGO . 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.
