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. Stocks traded higher Friday and are on pace to end the week in the black, even as investors weigh the impact of President Donald Trump’s plans on reciprocal tariffs. For the week, the S & P 500 is up 1.5%, while the Dow and the Nasdaq are up 0.9% and 2.2%, respectively. On Thursday, Trump outlined his tariff strategy, but delayed implementing any in order to give impacted countries time to negotiate. Meanwhile, January retail sales fell 0.9%, far worse than the expected 0.2% decline, signaling potential economic weakness ahead. With consumer spending making up roughly two-thirds of U.S. economic activity, a pullback could slow first-quarter growth. 2. Shares of cybersecurity stock Palo Alto are down 6% despite better-than-expected results late Thursday. Investors had hoped for a bigger increase to guidance. That led to profit-taking after the stock’s recent rally alongside other cybersecurity names that reported last week. The sell-off pressured fellow cybersecurity solutions provider CrowdStrike , which slipped 0.8%. We’ve been using proceeds from Palo Alto sales to buy more CrowdStrike, which is up 32% this year versus Palo Alto’s 5% gain. CrowdStrike reports earnings on March 4. 3. Looking ahead into next week, there’s only one Club name reporting: Our newest position Texas Roadhouse on Thursday after the close. We called up this restaurant company from the bullpen and started a small position on Feb. 4 . A few days later on Feb. 7 we dipped into our large cash position to buy more shares in a weaker market. The stock is down about $6 since that last buy, to about $170. The pullback likely reflects cautious sentiment ahead of earnings, given the poor weather across the country over the past few weeks which could prevent consumers from going out to eat. Nevertheless, the upcoming report should be solid. We also have our Monthly Meeting for February next Thursday. Stay tuned for Jim Cramer’s latest thoughts on all the stocks in the portfolio. (Jim Cramer’s Charitable Trust is long PANW, CRWD, TXRH. 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.
Here’s why we aren’t concerned about the pullback in our newest stock