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 S & P 500 declined Friday, pushed lower by weaker-than-expected consumer sentiment data and a big drop in UnitedHealth Group shares on reports of a DOJ investigation into the insurer’s practices. This is the second day the S & P 500 is on track to close lower after the benchmark gauge notched a record close Wednesday. We exited our small position in Best Buy Thursday amid the turbulent week for Wall Street. 2. Texas Roadhouse shares edged lower Friday following a noisy quarterly earnings report Thursday evening. Management posted a top- and bottom-line beat, and the results indicated margin improvement and strong comparable sales growth. But the first seven weeks of the first quarter created a short-term headwind due to calendar shifts and bad weather. Jim Cramer sees the dip as a buying opportunity, given Texas Roadhouse’s quality fundamentals. “I’m a believer,” he said. “I’ve been waiting for it to go down.” 3. CrowdStrike stock tumbled 3% after Bloomberg reported that the SEC and Justice Department are investigating the cybersecurity company’s $32 million deal with Carahsoft. Headlines about the investigation first surfaced in October , and we used the dip at the time to buy more shares. We’re not concerned about Friday’s news yet. We do, however, want to see how CrowdStrike can play offensively when the company releases earnings next month. 4. Stocks covered in Friday’s rapid fire at the end of the video were: UnitedHealth Group , Booking Holdings , TSM , and Disney . (Jim Cramer’s Charitable Trust is long DIS, TXRH, CRWD. 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.
Post Comment