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 lower Friday but were still on pace for a weekly gain. A weaker-than-expected January jobs report pushed bond yields on the 10-year up 0.07% to 4.5%, while the University of Michigan sentiment survey, which measures the overall attitude of consumer finances, came in much lower than estimates. After Amazon , the last of hyperscalers to deliver earnings late Thursday, reported its commitment to spending on AI-related investments, it’s clear “the DeepSeek sell-off was overdone,” Jeff Marks, the Club’s portfolio director, said. These spending plans are a positive indicator for our chipmakers Nvidia and Broadcom , as well as for Eaton , which benefits from the AI data center buildout. 2. Shares of Amazon fell nearly 4% on Friday, despite its beats on revenue and earnings. Management’s guidance for the first quarter was light due to foreign exchange headwinds, keeping a lid on the stock. Overall, we are happy with the headline results and pleased to see that the company continues to its reduce cost to serve which is strengthening retail margins. We are not changing our view on Amazon, Jeff said, and expect shares to recover and go higher. 3. Deutsche Bank upgraded Club holding Honeywell Friday to buy from hold while increasing its price target to $260 from $236 after the industrial giant announced plans to spin off its automation and aerospace businesses when it reported earnings Thursday. The analysts see attractive upside to Honeywell stock based on their sum-of-the-parts analysis. They argue the separation will create more focus and result in a better-run company with enhanced financials. We tend to agree with this position. However, Jeff highlighted his concern about Honeywell stock being in “spin purgatory.” The spin will take some time since it’s a 2026 completion story. The result: people may wait to buy the stock until we’re closer to breakup date. We upgraded Honeywell to a 1 rating on the positive breakup news and are comfortable that management reset expectations. (Jim Cramer’s Charitable Trust is long NVDA, AVGO, ETN, AMZN, HON. 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.