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 was looking to end the week on a strong note Friday after a pretty goldilocks – not too hot, not too cold – February employment report. There also were big downward revisions to December and January job growth numbers. “There was a lot to like about the number,” Jim Cramer said, adding it could put a Federal Reserve interest rate cut back on the table at the central bank’s May meeting. Meanwhile, Friday’s gain in the Dow might not be enough to get it out of the red for the week. The S & P 500 and the Nasdaq were tracking for positive weeks. 2. Club names Broadcom and Costco reported pretty good quarters after the closing bell Thursday. While their stocks were down Friday, both were still around their all-time highs. Chip designer Broadcom shares dropped more than 4%. AI was strong, but other semiconductor business lines were weaker. Jim said he would hold off on buying the dip in Broadcom. Costco shares fell more than 6%. The quarter was good in all the metrics that mattered. But with CFO Rich Galanti retiring, investors had hoped he’d go out on a membership-fee-hike bang. So, he’s leaving that decision to the new guy. 3. Eli Lilly said the regulatory approval process for its Alzheimer’s drug, donanemab, will be delayed beyond the first quarter. That’s because the FDA will hold an advisory committee meeting to discuss the efficacy and safety. Shares of Lilly, which has been on fire due to its GLP-1 weight loss and diabetes drugs, were falling about 2% on the news. Check your texts and your email inboxes for our full Lilly commentary coming out shortly. (Jim Cramer’s Charitable Trust is long AVGO, COST, 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…
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