Every weekday, the CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 a.m. EST. Here’s a recap of Friday’s key moments. Fed Not Able to Stop Investing Reminder Shopping Reminder 1. Fed Not Able to Stop Stocks rose on Friday after a robust begin to the Core Consumer Expenditure Price Index, the Federal Reserve’s preferred measure of inflation warmer than expected on an annualized basis. This implies that inflation continues to be not falling and the Fed isn’t able to stop tightening monetary policy. One other piece of knowledge that may help determine the Fed’s next move – in other words, whether there can be a 25 or 50 basis point rate hike on the February meeting – is the December unemployment report. If unemployment drops to 4%, that is excellent news for the central bank. 2. Stick with our investing mantra At the tip of 2022, we’re reminding investors of our mantra: buy stocks in firms that make things and do things for a profit, and pay back a few of that money back to shareholders. Find old-fashioned, boring stocks that make cash, withstand a possible recession, and have sustainable growth. Stocks which have done well this 12 months have also posted good returns and paid dividends. While these are usually not stocks that investors typically like, they’re those that are likely to do well. A few of the core defensive products within the club’s portfolio are Constellation Brands (STZ), Costco (COST) and Humana (HUM). 3. Search for Buys Due to this fact, we’re searching for potential buys on this oversold market. Nevertheless, we eschew trendy stocks and as a substitute take a look at names which can be inexpensive on a price-to-earnings basis. Cramer said he was tempted to review food stocks for potential purchases, noting that JM Smucker (SJM), Campbell Soup (CPB) and General Mills (GIS) were firms that fit the Club’s investment mantra. (Jim Cramer’s Charitable Trust is COST, HUM, STZ debts. The total list of shares may be found here.) As a subscriber of the CNBC Investing Club, together with Jim Cramer, you’ll receive a trade notification before Jim completes the trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares from his charity fund’s portfolio. If Jim was talking about stocks on CNBC, he waits 72 hours after a trade alert is posted before executing a trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, INCLUDING OUR DISCLAIMER. NO CUSTOMER OBLIGATION OR DUTY RECEIVED BY YOU RECEIVED ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.