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. Wall Street was mixed Friday, with the Nasdaq leading the way higher on Netflix ‘s nearly 11% post-earnings surge to an all-time high. During the morning meeting, Jim said the market was in a “nirvana moment.” He said oil back under $70 per barrel and retail sales coming in strong make for a great backdrop for stocks. Timing is key here as he did acknowledge that the market is almost overbought again, according to the S & P Short Range Oscillator , which he has been using to gauge trading momentum for years. The chips stocks were volatile this week on industry read-throughs — crushed Tuesday on ASML weakness and then supported by TSMC strength on Thursday. Club names Nvidia and Broadcom were in the green for the week — both near recent all-time highs. But Advanced Micro Devices was our worst of the week, down more than 6% on top of last week’s decline. Club name Apple was one of our big gainers, up more than 3% for the week with a big lift Friday after data showed solid early iPhone sales in China. Looking ahead to next week, we get earnings reports from three of our industrial-focused stocks: Danaher on Tuesday and Dover and Honeywell on Thursday. Jim thinks Honeywell will be the least interesting because it recently announced plans to spin off its advanced materials business and said earnings will come in at the high end of guidance. Danaher should be more compelling because a bioprocessing peer made its quarterly number for the first time in a while. Dover is a wait and see, but it does have tailwinds. Stocks covered in Friday’s rapid fire at the end of the video were Netflix, American Express , SLB , Procter & Gamble and CVS . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust is long.) 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.
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