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. 1. Stocks were higher Friday as Wall Street looks to close out an already strong week on a high note. The tech-heavy Nasdaq is the best performer, up more than 1% in the session. Tech has been helped this week by a retreat in bond yields, thanks to a pair of encouraging inflation reports that kept alive hopes for multiple Federal Reserve rate cuts this year. Meta Platforms is sitting out the tech rally Friday, despite the Supreme Court upholding a law that could ban rival social media player TikTok in the U.S. as soon as Sunday. Jim Cramer noted that Club stock Meta is an obvious winner if that goes into effect, but there’s a lot of uncertainty around what will happen in the coming days as President Joe Biden prepares to leave the White House and President-elect Donald Trump gets sworn in Monday. 2. Club name Salesforce shares rose more than 1% Friday after TD Cowen upgraded the software provider’s shares to a buy-equivalent rating from hold. Following a pullback in shares, analysts now see a compelling entry point, particularly after their industry checks indicate strong demand for its Agentforce platform. The new suite of tools to build AI agents is “really blowing the doors out,” Jim said. Director of Portfolio Analysis Jeff Marks pointed out that the firm’s IT survey found Salesforce was No. 3 behind Amazon and Microsoft , both fellow Club holdings, in artificial intelligence spending intentions. “I think that’s very positive,” Jeff said. 3. A couple more notable calls: Citigroup opened a so-called negative catalyst watch on CrowdStrike , arguing there could be more pressure on the cybersecurity company’s net revenue retention than investors are currently expecting. Shares fell 3%. “I don’t think this is a period where we have to worry about CrowdStrike,” Jim countered. Meanwhile, Wolfe Research upgraded DuPont to a buy rating, a day after the maker of Tyvek house wrap and chemicals used in semiconductor production said it was no longer going to spin off its water business into a separate publicly traded company. Jim called the stock a buy on that news Thursday and reiterated that view in light of Wolfe’s note. DuPont shares are worth buying all the way up until $80 a piece, Jim said. The stock traded a little below $78 a share Friday. 4. Stocks covered in Friday’s rapid fire at the end of the video were: SLB , Qorvo , J.B. Hunt , and Novo Nordisk . (Jim Cramer’s Charitable Trust is long META, DD, CRWD and CRM. 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.
