Jim Cramer sees this steady portfolio stock climbing to new highs. Here's why

CNBC Finance

3 min read

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 has taken a turn lower since the Morning Meeting concluded, as oil prices reversed their earlier losses and turned positive on the day. After drifting below the $100-per-barrel mark, global benchmark Brent crude is back above that key psychological level. As we navigate the volatile market during the Iran war, we're keeping a close eye on the S & P Short Range Oscillator , which moved further into oversold territory as of Thursday's close.Â "The Oscillator [now sitting] at minus 7.5 forces our hand to put money to work," Jim Cramer said. Accordingly, the Club bought additional shares of Alphabet this morning. On Thursday, we called out Alphabet and four other portfolio stocks as being our shopping list of stocks to buy in this sharply oversold market. 2. Meta's stock dropped nearly 3% Friday following a report from The New York Times , which said the social-media giant is delaying the release of its new artificial intelligence model at least until May.Â According to the report, the model's performance is not measuring up to AI models from rivals OpenAI, Anthropic, and Google with Gemini. Despite the potential challenges, Jim suggested he wasn't too concerned about Meta's stock because the company maintains a lot of optionality. 3. Linde scored an upgrade at JPMorgan, where analysts also raised the stock's price target to $525 from $455 per share.Â JPMorgan agrees with our view that Linde stands to gain from the helium disruption linked to the Iran war. "This thing can go to its all-time high because they happen to have a helium reserve," Jim said, noting that helium is a key input in semiconductor manufacturing. Linde's all-time closing high came on March 2 at roughly $509 a share. JPMorgan also pointed out that both Linde'sÂ chemical and refinery customers in the United States are likely to increase operating rates due to higher export prices. Linde tends to fare well in inflationary environments as they can pass along their own higher costs and raise prices because their gases are such critical inputs in products. 4. Stocks covered in Friday's rapid fire at the end of the video were: Adobe , Ulta Beauty , Lennar , Ollie's Bargain Outlet (Jim Cramer's Charitable Trust is long META, GOOGL, LIN. 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.

Get the most out of Gold Price Tracker & Alerts

Join thousands of users. Track progress, stay informed, and succeed with Gold Price Tracker & Alerts.

Download Now

Available on iOS & Android

Get Gold Price Tracker & Alerts

Free on iOS & Android

Install

Jim Cramer sees this steady portfolio stock climbing to new highs. Here's why

Read Next

Many Gen Z adults still get financial help from their parents

This morning routine is key to a successful day, says mental performance coach—and it only takes 4 minutes

Get the most out of Gold Price Tracker & Alerts