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 moved modestly higher Friday after a stronger-than-expected jobs report. To be sure, though, stocks were losing some of their earlier momentum. Jim Cramer calls September’s nonfarm payroll growth a “no landing” number, meaning we don’t have to waste energy debating a hard economic landing versus a soft landing. Unless stocks get moving, however, it looks like the Dow , the S & P 500 and the Nasdaq will still be down on the week. U.S. oil prices were up again Friday, in a huge week, on concern about whether Israel will attack Iran’s oil infrastructure in retaliation for Tuesday’s missile attack. Jim said Friday investors who don’t own Advanced Micro Devices stock should buy some ahead of the Club chipmaker’s big Advancing AI event next week. Jim said he spent a lot of time with AMD chief Lisa Su last month when he was in San Francisco. He feels she has a much better artificial intelligence story to tell than people think, pointing out that AMD has a good AI chip for data centers and quality chips for AI personal computers. AMD stock is starting to reflect that, he added, but it hasn’t had nearly the gains of rival Club stock Nvidia this year. Bank stocks were higher Friday. Club name Morgan Stanley caught an upgrade that we will take a closer look at later — watch your texts and emails. Wells Fargo , our other financial stock, is the one that Jim said to buy ahead of next Friday’s quarterly earnings report. “It’s been a good performer, not a great performer,” Jim said. “I like it very, very much.” He said he can’t wait for the Fed to lift the asset cap imposed on Wells Fargo in 2018 for misdeeds under prior leadership. (Jim Cramer’s Charitable Trust is long AMD, NVDA, MS, WFC. 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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