Cramer says investors will soon ‘gravitate’ back to this megacap stock
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. The stock market surged on Friday after Iran announced that the Strait of Hormuz is now open to all commercial traffic following a ceasefire agreement between Israel and Lebanon. Oil prices plummeted, with West Texas Intermediate falling 14% to trade above $80 per barrel. “What we’re seeing is a move back into things that have really lagged,” Jim Cramer said, citing rallies in travel and leisure stocks. The 10-year Treasury yield also dropped to its lowest level since mid-March, boosting housing-related names like Home Depot . Signs of easing inflation will allow incoming Federal Reserve Chair Kevin Warsh to cut rates further, which Cramer believes will positively impact the economy. 2. Lower oil also lifted transportation stocks and industrials. Boeing shares rose more than 3%, while Honeywell and GE Vernova both increased 2%. Boeing reports results next Wednesday before the opening bell. The company has already reported its first-quarter plane deliveries , so one of our focuses will be on orders and backlog size. We trimmed our Boeing position this week after its recent bounce-back. As we wrote in the trade alert , we still believe that bigger gains are ahead as deliveries ramp up and free cash flow generation improves over the next few years. 3 . Apple was named a “high-quality” stock by Bank of America analysts, who said the tech company appears to be insulated from artificial intelligence volatility and is making progress with powering on-device AI capabilities. Jim said investors will “gravitate” back to Apple, many of whom dismissed Apple’s China sales. “No one was paying attention to the fact that the China sales are so good,” Jim said. Separately, the Wall Street Journal highlighted on Friday that Apple’s Mac Mini has become a hit among AI agent users. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Netflix , Clorox , Prologis, United Health , and Affirm . (Jim Cramer’s Charitable Trust is long BA, APPL, GEV, HON, and HD. 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.
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