Every weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here's a rundown of Friday's key moments. 1. Wall Street rebounded higher on Friday after, as Jim Cramer put it, a “really bad day” in the previous session. Thursday's drop came as bond yields rose as “good economic data is seen as bad news.” The market also sold off despite a 9% rise in Nvidia stock after earnings. Shares of the AI chip giant rose modestly on Friday. Goldman Sachs extended its forecast for the Federal Reserve's first interest rate cut to September since July. Rates must stay high longer because “we can't let inflation be the biggest problem in America,” Cramer said Friday. 2. Eli Lilly is investing $5.3 billion to boost manufacturing at an Indiana plant and expand production of weight-loss drug Zepbound, diabetes treatment Mounjaro and others. That brings Lilly's total investment in the site to $9 billion from $3.7 billion. The company hopes to begin manufacturing drugs at the site toward the end of 2026, with operations expanding through 2028. That large initial investment shows Lilly's commitment. “There is a lot of demand for this product,” Cramer said, referring to GLP-1s with the common active ingredient tirzepatide. Zepbound and Mounjaro compete against Novo Nordisk's Wegovy and Ozempic. 3. Four club names will report earnings next week: Salesforce, Best Buy, Foot Locker and Costco. Salesforce is on Wednesday after the closing bell. Shares fell in sympathy with human resources software company Workday. Cramer said he was “almost tempted to buy some” Salesforce in the dip. Best Buy is the Thursday before the opening bell rings. Cramer said he was early in his purchase of the electronics retailer in case AI-enabled PCs quickly hit the market. That didn't happen. But will be. Foot Locker will also be out Thursday morning. It's about trying to see where CEO Mary Dillon is in her turnaround. Nike's weak performance lately is not a good sign. Costco is Thursday after the bell. Could Costco be next to split its shares? Cramer said it would be great and noted that he had been urging Nvidia to break up, which he did this week. (See here for a complete list of Jim Cramer's Charitable Trust holdings.) 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 fund'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 INVESTMENT 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 THE RECEIPT OF ANY INFORMATION PROVIDED IN RELATION TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
