CNBC’s Investing Club with Jim Cramer held its weekly “Morning Meeting” livestream, providing key takeaways from Friday’s market activity. Here are the top moments:
US stocks surged on better-than-expected labor data, with nonfarm payrolls rising 139,000 in May. The S&P 500 jumped over 1% in early trading, reaching levels not seen since late February. This positive news comes as US corporations have been bracing for the impact of tariffs and a potential weakening economy.
Jim Cramer’s sentiment on Broadcom stock was mixed after its quarterly earnings report showed strong results. Despite this, Jim believes new investors should buy the stock at current levels due to its long-term growth prospects.
Apple’s annual developer conference kicks off Monday, with investors watching closely for updates on its generative artificial intelligence system, Apple Intelligence. Jim remains bullish on Apple shares, citing the potential for a “bounce” after a rough year.
In Friday’s rapid-fire trade, stocks covered included Lululemon, McDonald’s, MP Materials, and Applied Materials. As a CNBC Investing Club subscriber, you’ll receive a trade alert before Jim makes a trade, with waiting periods in place for some of his charitable trust’s portfolio holdings.
Please note that investing club information is subject to terms and conditions, as well as privacy policy and disclaimer. No fiduciary obligation or duty exists, nor is any specific outcome or profit guaranteed.
Source: https://www.cnbc.com/2025/06/06/cramer-broadcom-is-a-buy-for-new-investors-apple-less-treacherous.html