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. Wall Street was up again Friday, building on prior session gains and nearly recovering all the losses from Wednesday’s strange late-afternoon pullback. The Dow , the S & P 500 and the Nasdaq were all on track to extend their weekly winning streaks to eight straight weeks. Friday’s catalyst: cooler November price data from the Fed’s favorite inflation gauge – reinforcing the market’s belief that central bankers will start cutting interest rates in March. Bond yields continue to fall, which — as we’ve been saying — is great for Club names Morgan Stanley , Danaher , and Stanley Black & Decker. The overall market was still way overbought, according to the latest S & P 500 Short Range Oscillator reading. Here’s a quick look at our top performers and laggards this week. Laggards first: Palo Alto Networks pulled back on profit-taking after a great run higher. Starbucks fell on concerns about China slowing and protests at U.S. stores. Humana dropped as a defensive stock in an offensive rally and lingering worries about Cigna merger talks ending. Now top performers: Alphabet made a strong move in the middle of the week on reports about a restructuring. Ford popped on a bull case from an influential Wall Street analyst who thinks slower electric vehicle adoption means more legacy vehicle and hybrid sales. DuPont rose as Micron called the bottom in the semiconductor cycle, which is important for DuPont. About a third of its sales are tied to electronics. The U.S. stock market is closed Monday on Christmas Day. Friday’s Morning Meeting was our last of 2023. We’re back on Jan. 2. Happy holidays and Happy New Year. (Jim Cramer’s Charitable Trust is long MS, DHR, SWK, PANW, SBUX, HUM, GOOGL, F, DD. 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.
