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 trended lower Friday after the S & P 500 hit fresh record highs to wrap up a strong week of gains as investors rallied around President Trump’s pro-business policies. But this rally pushed the S & P 500 Short Range Oscillator — our trusted guide on how the market is performing — to an overbought reading of 4.73%. Anything above 4% means the overall market has risen too quickly and may be due for a pullback. Jim Cramer cautioned we can’t buy stocks in this environment and “leans more on the sell side more than the buy side here,” despite naming some stocks he’d liked to potentially add during Thursday’s January Monthly Meeting . 2. Jim is rethinking his stance on GE Healthcare : He questioned whether the company’s digital machines are truly industry leaders, as he initially believed, and noted, “when you miss your targets I have no tolerance for you,” referring to its repeated earnings misses. Since we’re focused on owning the best-of-breed companies, Jim is weighing whether GE Healthcare still fits the bill. Taking a broader view, he sees a turnaround in the sector, noting the bear market in healthcare has been “eradicated.” He came to this conclusion after interviewing CEOs of top healthcare firms at the JPMorgan Healthcare conference earlier this month. 3. Meta CEO Mark Zuckerberg announced the social media giant is increasing its artificial intelligence-related spending up to $65 billion this year . The Friday Facebook post stated the step up in spend will go toward building a massive data center and hiring AI teams. The company spent $38 billion to $40 billion in AI-related projects last year. Meta shares ticked up 1% on the news. Meta’s new spending commitment bodes well for AI leader Nvidia , but is a major tailwind for chipmaker Broadcom , the designer of Meta’s custom AI chips, the Club’s portfolio director Jeff Marks noted. Marks added Broadcom CEO Hock Tan is on the board of Meta, guiding the company’s AI strategy. Broadcom shares rose 2% on the news. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Boeing , American Express , Texas Instruments , CSX Corp , and Twilio . (Jim Cramer’s Charitable Trust is long GEHC, META, NVDA, AVGO. 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.
