Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Friday’s key moments. 1. Wall Street was hoping to end the week on a positive note after Friday’s fairly strong February jobs report (not too hot, not too cold). Job growth numbers for December and January were also revised down significantly. “There was a lot to like about this number,” Jim Cramer said, adding that it could put interest rate cuts back on the agenda at the Federal Reserve’s May central bank meeting. He added that there is. Meanwhile, the Dow’s gains on Friday may not be enough to get it out of the red this week. The S&P 500 and Nasdaq have been in positive territory for several weeks. 2. Club names Broadcom and Costco reported pretty good quarters after Thursday’s closing bell. Shares of both companies fell on Friday, but remained near all-time highs. Shares of chip designer Broadcom fell more than 4%. Although AI performed well, other semiconductor business areas were weak. Jim said he would refrain from buying Broadcom stock on the spur of the moment. Costco stock fell more than 6%. The quarter was strong on all important metrics. However, with the departure of CFO Rich Galanti, investors were hoping he would move to raise membership fees. Therefore, he decided to leave that decision to someone new. 3. Eli Lilly said the regulatory approval process for its Alzheimer’s disease drug donanemab will be delayed beyond the first quarter. This is because the FDA will hold an advisory committee to discuss efficacy and safety. Shares of Lilly, which is gaining popularity for its GLP-1 weight loss and diabetes drugs, fell about 2% on the news. Check your text and email inbox for Lily’s full commentary coming soon. (Jim Cramer’s charitable trusts are long AVGO, COST, LLY. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, before Jim makes a trade Receive trading alerts. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. 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.
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