Every weekday the cnbc investment club with jim cramer holds a “Morning Meeting” Livestream at 10:20 AM Et. Here’s a recap of Friday’s Key Moments. 1. The selling on Wall Street Continued Friday, with the Tech-Heavy Nasdaq Sinking Further Into Correction Territory. In an overlooked glimmer of hope, the latest jobs report was not as bad as anticipated. The US economy added 151,000 nonfarm payrols versus the 160,000 expected. Hourly earnings were also also “really terrific,” Jim Cramer said during the morning meeting. “We had a jobs number that I thought was about as perfect as you can get. The numbers show the federal reserve may not have to worry as much about the labor market, jim added. A Greater Impact from President Donald Trump ‘S Government Downsizing is expected in the March Jobs Report. 2. Broadcom Had a Strong Quarter with Both Revenue and Earnings Better than expected. AI Revenue Rose 77% to $ 4.1 Billion. The chipmaker has also added new customers for custom chips in addition to the two they men men men mentioned last Quarter and the three they are currently shipping in volume. Current Customers Include Club Names Alphabet, Meta Platforms, and Tiktok-Owner Bytedance. Jim said investors who don’t own broadom need to “pounce on the stock” if it was to come down to $ 182 or $ 183 per share. Broadcom’s Year-to-Date Loss of Nearly 20% is a Reflection of the Negative Sentiment Toward Semiconductors. 3. CostCO also came in hot, proving it self to be a winner yet again. The company’s earnings report was “picture perfect,” Jim said. February sales are strong and have not been impacted in comparison to other retailers. Costco is managing tarifs as a third of its sales are imporned from other companies. Thankfully, Less than half of that imports come from China, Mexico, Or Canada. The retailer is also starting to see the benefits of its recent membership increases. “When this stock is Down $ 75 (in Friday Trading) You are going to get a chance to buy,” Jim said. 4. Stocks covered in Friday’s rapid fire at the end of the video: Hewlett Packard Enterprise, GAP, and Bank of America. (Jim Cramer’s Charitable Trust is long costco and broadcom. See here for a full list of the stocks. 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 is the trade alert alert before executing the trap. 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 investment club. No specific outcome or profit is guaranteed.
Every weekday the cnbc investment club with jim cramer holds a“Morning Meeting” Livestream at 10:20 AM ET. Here’s a recap of Friday’s Key Moments.
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