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. The 2-year Treasury stays the proper purchase When to purchase our chip performs Quick mentions: TJX, DIS, ABBV 1. The 2-year Treasury stays the proper purchase We’re saying good riddance to September — however probably to not all the volatility we have seen in markets over the previous month. The Federal Reserve has doubled down on its hawkish stance on rates of interest in latest days, elevating considerations the central financial institution might not be capable of pull off a smooth touchdown. San Francisco Fed President Mary Daly mentioned Thursday that she can be comfy with rates of interest going as excessive as 5% subsequent 12 months. Cleveland Fed President Loretta Mester instructed CNBC that extra must be completed to tamp down inflation. At the similar time, the Chicago Business Barometer tumbled in September , getting into contraction territory for the first time since March 2020. Jim Cramer mentioned that he’s agency on his stance that the 2-year Treasury is the proper funding for the present atmosphere. “It’s crucial that individuals acknowledge that that is the competitors to shares, and I wish to make this very clear, it is good competitors,” he mentioned. At the similar time, the S & P 500 Short Range Oscillator can also be nonetheless in oversold territory , that means our recommendation to carry your nostril and purchase one thing nonetheless applies. 2. When to purchase our chip performs Jim broke down his tackle all the Club’s semiconductor chip performs — with some caveats. He mentioned that buyers can purchase shares of Advanced Micro Devices (AMD), in the event that they imagine Micron (MU) is secure after issuing a weaker-than-expected income outlook. Investors ought to be eyeing Qualcomm (QCOM), if they’ve religion that Apple (AAPL) will not disappoint when it studies its subsequent quarterly outcomes. The Club has continued to face by the iPhone maker and thinks its fundamentals are sturdy. He added that it is nonetheless too early to purchase Nvidia (NVDA). But that is the proper time to purchase shares of Marvell Technology (MRVL) as a result of it is an enterprise play, and, subsequently, doesn’t have points stemming from altering shopper preferences like the Club’s different chip performs. 3. Quick mentions: TJX, DIS, ABBV Nike (NKE) mentioned Thursday that it is fighting extra stock, which is dangerous news for the firm however nice news for Club holding TJX Companies (TJX). That extra stock will probably go into off-price shops like T.J. Maxx and Marshalls, so buyers ought to think about picking up some shares of TJX. While Bank of America lowered its value goal on Disney (DIS), to $127, we nonetheless stand by the inventory. And we added to our place on Thursday. Leerink reiterated its underperform ranking and lowered its value goal for Abbvie (ABBV), to $135, with its concern revolving primarily round the Humira patent cliff . While we’re uncertain what is going to occur to the inventory, we’ve got no plans to make any trades at this time. (Jim Cramer’s Charitable Trust is lengthy AABV, AAPL, AMD, DIS, MRVL, NVDA, TJX, QCOM. See right here for a full listing of the shares.) 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 couple of 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.(*3*)