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. 1. The S & P 500 was up again Friday. A higher close would make eight straight sessions in the green. For the week, the index is up big on the U.S. and Iran ceasefire. But the Strait of Hormuz is not fully open. President Donald Trump said it must be. Jim Cramer calls weekend peace talks between the U.S. and Iran a wildcard for stocks. “I don’t think it’s being factored in enough.” Jim said he remains bullish but gets worried when overall market sentiment gets too positive. The S & P Short Range Oscillator is not yet overbought. We’ll see if that happens at the end of the day. 2. Here’s a preview of a trade we’re going to execute on Monday: We are going to trim some Broadcom after a strong week — up more than 18% since last Friday’s close — on a number of positive developments. We can’t do the trade yet because of our rules about waiting 72 hours after Jim mentions a stock on CNBC television. This is a move to protect profits and to right-size a position that has gotten bigger than we like in relation to the rest of the portfolio. 3. Next week kicks off earnings season, with three Club names set to release results. Goldman Sachs reports Monday before the opening bell. Jim expects a big number because Goldman can profit from volatility. Wells Fargo comes Tuesday morning. Jim is not as rosy on this one, saying it may be too sensitive to the market. Johnson & Johnson , our newest name, also reports Tuesday morning. Jim really likes J & J and tells members: If you haven’t bought any J & J, buy some here. We’re not buying more for the Club yet, as we just initiated J & J on Wednesday, swapping it in for Bristol Myers Squibb . 4. Stocks covered in Friday’s rapid fire at the end of the video were CoreWeave , CarMax , and Lumentum . (Jim Cramer’s Charitable Trust is long AVGO, GS, WFC, JNJ. 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.
