Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery 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 rose about 1% on Friday after four consecutive days of declines. Oil prices retreated, leading to lower bond yields. That helped. The August consumer price index was in line with expectations but still elevated. “The market seems to think we’re going to get that rate hike next week,” Club portfolio director Jeff Marks said during the Morning Meeting. According to the CME FedWatch tool , the odds of an interest rate hike following the Federal Reserve’s Sept.15-16 meeting moved up to around 87%. A month ago, those chances were less than 50%. 2. Kimberly-Clark shares modestly fell, trading around $98 each. Jim Cramer said Friday that if the stock were to drop a bit lower to “maybe $96,” the Club would buy more. Both Jim and Jeff appreciate that the Cottonelle and Huggies company’s stock offers a 5.2% dividend yield. “That yield would look more attractive if rates were lower because there’s always a competition there [from bonds],” Jeff said, but added there are still some things that Kimberly-Clark must work on, including weakness in China. “They do sound very excited about the Kenvue ,” Jeff said. The deal for the Band-Aid and Tylenol company is expected to close before the end of the year. 3. Microsoft plans to triple its computing power to around 38 gigawatts in 2032, according to a Bloomberg report. Jim wrote in his Top 10 morning newsletter that the move by the hyperscaler will benefit GE Vernova , which plays a critical role in the data center buildout. GEV makes natural gas turbines that are used to create off-grid energy to power AI infrastructure. Shares of GE Vernova are up 3% to around $952. Jim said on the Morning Meeting: “I love this stock and I would buy more right here.” 4. Stocks covered in Friday’s rapid fire at the end of the video were: Oracle , Adobe , Kroger , and RH . (Jim Cramer’s Charitable Trust is long KMB, GEV, and MSFT. 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.Read More