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. Equities fall on earnings Stick with Halliburton Watch Humana 1. Equities fall on earnings Stocks edged down Friday morning, as corporate earnings continued to disappoint investors, with all three major U.S. indices on track for a week of losses. But Club holding Procter & Gamble (PG) proved a bright spot, delivering a top- and bottom-line beat for the quarter ended March 31. Shares of the consumer staples giant were trading 3.5% higher Friday, at $156.50 apiece. Stay tuned for the Club’s analysis on P & G’s quarterly results later Friday. Meanwhile, U.S. services and manufacturing data came in stronger than expected in April, potentially giving the Federal Reserve cover to further raise interest rates at its next meeting in May. 2. Stick with Halliburton Oilfield services giant Schlumberger (SLB) reported a slight earnings beat Friday, but missed on cash flow. Still, the firm provided a bullish outlook, which bodes well for Club holding Halliburton (HAL) when it reports results Tuesday before the opening bell. Haliburton stock, down more than 15% year-to-date, should ultimately be lifted by its continued pricing power. Shares were down Friday morning by nearly 2%, at around $33 apiece. 3. Watch Humana Club holding Humana (HUM) has been a laggard lately, with shares trending lower this week despite better-than-expected results from other health-care names like United Health (UNH) and Elevance Health (ELV). Cantor Fitzgerald on Thursday initiated coverage on Humana with an overweight, or buy, rating and $597-per-share price target. The firm said Humana stock is undervalued, given “multiple levers of upside” to management’s guidance, along with Medicare Advantage market-share gains. Humana — whose stock was trading down 0.47% Friday, at $488 a share — is set to report first-quarter results Wednesday before the…
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