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 reversed decrease Friday. The S & P 500 initially rose to an all-time excessive on a weak August jobs report, which helped the case for a Federal Reserve curiosity rate minimize later this month. The 10-year Treasury yield dropped to its lowest degree since April 7. “What you want is short rates to go down. Long rates come down with it, which then causes the mortgage and refinance boom,” Jim Cramer stated, stressing traders shouldn’t be discouraged by the inventory market turning decrease. “When you see a market that is led by lower mortgage rates. That’s a good market. It could last for a long time,” Jim stated. Club inventory Home Depot stands to be a giant gainer in a decrease curiosity rate surroundings. 2. Some uncared for sectors may use a lift, in accordance to Jim. “There are parts of the economy that are not doing well that need the Fed to cut,” stated Jim, pointing to the freight business following the downgrade of J.B. Hunt ‘s inventory to a maintain equal ranking from purchase at UBS. “[Transport stocks] will go up when the Fed starts cutting, providing that the long rate doesn’t go up,” Jim stated. He additionally cited FedEx as one other instance. 3. Costco posted robust gross sales for August. Same-store gross sales, or comps as they’re identified within the retail business, rose 6.3% globally and 6.1% within the United States. Jim stated Costco, together with our different portfolio retailer TJX — and even rivals like Walmart — are winners as folks turn out to be extra budget-conscious. “These are the winning economies,” Jim stated. “Then you have these other economies where people say, ‘I’m not paying for that,'” Jim famous, with reference to the struggling high-end health attire model, Lululemon. 4. Stocks lined in Friday’s fast fireplace on the finish of the video had been: Lululemon, ASML Holding , J.B. Hunt, Tesla , American Express , and Club inventory Capital One . (Jim Cramer’s Charitable Trust is lengthy COST, HD, TJX, COF. See right here for a full listing of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a inventory in his charitable belief’s portfolio. If Jim has talked a few inventory on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.