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. U.S. stocks advanced Friday, one day following a late afternoon sell-off that coincided with a spike in oil prices on tensions in the Mideast. “I don’t trust this market,” Jim Cramer said. “I don’t know what’s going to happen in the Mideast. I’d rather take profits.” The Dow recorded its worst session in more than a year on Thursday. Any gains Friday on the back of a strong jobs report with as-expected wage inflation probably won’t be enough to tip the Dow, the S & P 500 or the Nasdaq into positive territory for the week. It’s a good time for investors to consider selling some Alphabet shares, Jim said. He argued that Alphabet’s potential purchase of marketing software company HubSpot would not be a wise decision, given Club holding Salesforce’s dominance in the space. “I love the fact they have a lot of cash,” Jim said of Alphabet, “I don’t like the fact they’re buying the highest-multiple companies that are up against entrenched competitors.” The Google-parent company’s stock was up Friday, and Jim said this strength presents a solid time to take some profits. The Club did on Monday, trimming our Alphabet position. Wall Street analysts touted Club holding Eaton . RBC Capital Markets upgraded the stock to outperform from sector perform (buy from hold), and bumped its price target to $371 apiece from $286. The analysts said Eaton shares are “well positioned” to benefit from the “electrical supercycle.” The Club hesitates to use the phrase “supercycle” but agrees that Eaton’s exposure to power grid hardening, data center growth, and reshoring trends are great for business. (Jim Cramer’s Charitable Trust is long ETN, CRM, GOOGL. 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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