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. The S & P 500 was relatively flat Friday, following Thursday’s pullback on credit loss concerns at regional banks. Club stock Capital One , which was caught in Thursday’s declines, bounced more than 3% in late morning trading. Trade headlines were lending some support to Friday’s market. President Donald Trump said on Fox Business that higher China tariffs would be “unsustainable.” CNBC’s Eamon Javers reported that Treasury Secretary Scott Bessent plans to speak with China’s Vice Premier. Earnings season heats up next week. Five Club names are set to report: Danaher , Capital One, GE Vernova , Honeywell , and DuPont. 2. DuPont was named a short-term catalyst buy idea at Deutsche Bank. The analysts expect the Nov. 1 Qnity Electronics spinoff to unlock value. They think DuPont trades at a 38% discount to an estimated sum of its parts. The Club will get about 812 shares of Qnity and keep its 1,625 shares of DuPont. “The plan is going to be to hold both of these because of how they trade at such a large discount to peers,” said Jeff Marks, director of portfolio analysis for the Club. “In terms of maybe one that we’d be more interested in buying for a longer-term view, an investment view, would be Qnity because it has better growth with its ties to the semiconductor industry.” 3. Club name Eli Lilly fell roughly 3% on Friday. Novo Nordisk dropped more than 3.5%. These declines came after Trump said late Thursday that out-of-pocket costs for Ozempic, made by Novo, will be lowered to $150 a month from roughly $1,000. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, said that price negotiations for GLP-1 class drugs, which include Novo’s Ozempic and Wegovy, and Lilly’s Mounjaro and Zepbound, were not yet finalized. JPMorgan analysts said the impact on Lilly could be more limited because Mounjaro and Zepbound are superior to Ozempic and Wegovy in head-to-head profiles. (Jim Cramer’s Charitable Trust is long COF, DD, DHR, GEV, HON, LLY. 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.
