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. Oil turned higher and so did bond yields . Therefore, stocks fell. That’s largely been the pattern, with the Iran war and related Middle East skirmishes continuing to fuel uncertainty about crude supply. Jim Cramer called out a recurring pattern of Friday market downturns. We’ll see if that holds by the close. The modest weakness in the market followed Thursday’s oversold bounce. The S & P 500 is on track for back-to-back negative weeks. This week, stocks dropped after the Federal Reserve raised interest rates for the first time in three years. The market expects at least one more rate hike before year-end. 2. “It’s tough to have everything work at the same time” when rates are moving higher, Jim said. However, in an oversold market, based on the S & P Short Range Oscillator , Jim said he wants to buy. He wants to add more Kimberly-Clark on the stock’s recent dip. The Club bought some BNY on Tuesday. Jim said Friday that members who don’t own any shares of the bank should start a position. 3. Friday is a big day for Club name Apple . The iPhone 18 models went on sale. Jim went to Apple’s flagship 5th Avenue store in New York City at the crack of dawn. He said there were nice crowds but nobody camping out in line. He said that’s probably because the new foldable iPhone Duo doesn’t go on pre-order until Oct. 16, with availability a week later. Jim said he got an iPhone 18 for its long battery life and better camera, and he plans to buy a Duo, too. He asked new Apple CEO John Ternus, who was at the store, whether the company would have enough Duos to meet demand. Ternus said he thinks so. Jim still expects it will be hard to get one right away. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Meta Platforms , Costco , Berkshire Hathaway , Netflix , Tyson Foods , and Nucor . (Jim Cramer’s Charitable Trust is long KMB, BNY, APPL, META, COST. 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