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. Wall Street is rallying Friday after a subdued start to 2025 in the prior session. All 11 sectors in the S & P 500 are in positive territory. Nvidia is the top-performing Club holding Friday, up around 4%, likely in anticipation of CEO Jensen Huang’s keynote at next week’s annual CES conference, which showcases the latest consumer technology. We made our first sale of the year Thursday, locking in a nearly 1,000% gain in Nvidia stock out of discipline. “We don’t want to look back and say, ‘We were the greediest people on earth,'” Jim Cramer said. There’s been no change to our “own it, don’t trade it” designation for Nvidia. Meanwhile, Apple — the only other Club stock with that designation — is weaker Friday on concerns over iPhone sales in China, where the company is reportedly offering steep discounts to compete with local brands like Huawei. We also sold some Apple stock on Dec. 26 to right-size our position. 2. Alcohol stocks are under pressure Friday after U.S. Surgeon General Vivek Murthy issued a new advisory warning about the link between alcohol consumption and increased cancer risk, including a call to update the health warning label on alcoholic beverages. Shares of Corona and Modelo brewer Constellation Brands fell roughly 1% Friday in response. Jim wasn’t phased by the decline, making the case that its portfolio of imported Mexican beers remains well-positioned for expansion, especially compared to liquors. “We have the one growth area in alcohol, which is Constellation Brands, but it trades down with the rest” of the group, he explained. We added to our Constellation position Tuesday after a disappointing 2024, arguing the stock’s low valuation accounts for multiple headwinds facing the company. Jim reiterated his belief that Constellation could get an exemption from potentially higher tariffs under President-elect Donald Trump, as well as his expectation for the company’s free cash flow to significantly improve in the coming quarters as investment into expanded manufacturing capacity in Mexico wanes. Constellation is set to report earnings on Friday of next week before the market opens. 3. Deutsche Bank analysts named Wells Fargo their top pick among the biggest banks, citing a likely lift of its Federal Reserve-imposed asset cap in 2025. Analysts see that potential development as a game-changer, allowing the bank to grow higher returning businesses like investment banking, trading, and credit cards. Jim also expects the cap, which was imposed in 2018, to be lifted this year, noting that Wells Fargo has dramatically revamped its leadership team in the wake of the scandals that led to the unprecedented penalty. Separately, Jim liked a call by Oppenheimer that highlighted Goldman Sachs , another Club holding, as one of its favorite banks. 4. Stocks covered in Friday’s rapid fire at the end of the video were: JPMorgan , PulteGroup , Las Vegas Sands , Boeing , and Block . (Jim Cramer’s Charitable Trust is long NVDA, AAPL, STZ, WFC, GS. 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.
