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 rise U.S. equities climbed higher Friday morning, with the S & P 500 up 0.54% and the Nasdaq Composite up roughly 1%, bolstered by fresh data showing inflation eased in August . Still, the major indices are on track to end down for the month and the third quarter. Yields on government bonds pulled back from weekly highs, with the 10-year Treasury hovering above 4.5%. Oil prices also retreated, with West Texas Intermediate crude losing more than 1%, to trade around $90 a barrel. 2. Nvidia still one step ahead In a research note Friday, Citigroup assessed Club name Nvidia ‘s (NVDA) next generation B100 graphics processing unit, which is expected to be launched next year. Analysts at the firm argued the chip “could be an even bigger AI game changer” than the H100 from a technology standpoint. Citi analysts predicted the new artificial-intelligence chip will drive up Nvidia’s average selling prices, boosting sales and margins. It’s another sign that Nvidia is constantly one step ahead of the game. “For those that want to catch Nvidia — good luck,” Jim Cramer said Friday. 3. Watching Danaher’s spin-off Club holding Danaher (DHR) is set to spin off its environmental-and-applied solutions segment on Saturday. And like all investors, we’re set to receive shares in the new company, Veralto, on Monday. Investors will receive one share in Veralto for every three shares of Danaher they own. In our case, after the spin is completed, Jim Cramer’s Charitable Trust will continue to own 520 shares of DHR and will then also own 173 shares of Veralto. Currently, the “when-issued” market points to Danaher trading slightly over $220 per share on Monday and Veralto opening at $84.65 per share. Here’s our plan for the new stock. (Jim Cramer’s Charitable Trust is long NVDA, DHR. 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. Read More
