Every weekday, the CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 am ET. Here’s a rundown of Friday’s key moments. Be Prepared for a Selloff Stay with Ford Don’t Invest on Fear 1. Be Prepared for a Selloff US stocks rose on Friday, adding to strong weekly performances by all three major Wall Street benchmarks. The S&P 500 and Nasdaq Composite are on track for their best weeks since March, up more than 3% and roughly 4%, respectively. Meanwhile, the blue-chip Dow Jones Industrial Average is poised to end in positive territory for the third week in a row. Jim Cramer said on Friday that the strength in this overbought market continues to present profit-taking opportunities. We found one before, securing profits at industrial gas giant Linde (LIN). “We’re not sitting here and saying, ‘We hate our actions,'” Jim said. “We’re sitting here and saying, ‘When we’re overbought, you have to be ready for a selloff.'” 2. Sticking with Ford Jim said he’s happy to let Ford Motor (F) stock ahead of a management visit next week at the Blue Oval headquarters outside Detroit. The automaker has been one of our top-performing stocks over the past month, rising more than 27% amid investor optimism around its electric vehicle charging partnership with rival Tesla (TSLA). Jim said he plans to press Ford CEO Jim Farley about the discrepancy between the company’s full-year adjusted free cash flow guidance and much lower estimates from Wall Street analysts. “We want to know the cash flow. Ultimately, the cash flow and being able to transition from [internal combustion engines] “EV is critical, and we’re going to spend a lot of time on that,” Jim said Friday. 3. Don’t invest out of fear Investors selling Humana (HUM) on Friday are acting out of fear, Jim said. After rival UnitedHealth Group (UNH ) scared healthcare investors earlier in the week with comments about elevated elective procedures, Humana reaffirmed its full-year earnings-per-share guidance on Friday. However, the Medicare Advantage-focused health insurer acknowledged an increase in surgeries and other medical services The company now expects its benefit expense ratio, a closely watched industry metric, to be near the high end of its guidance for the full year Humana shares fell more than 2% on Friday, but we don’t think that move is warranted after its big sell-off on Wednesday.”Fear is taking over. I don’t make decisions based on fear. I make decisions on the numbers,” Jim said. (Jim Cramer’s Charitable Trust is long LIN, F, HUM. See a full list of stocks here.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before before Jim makes a transaction Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust portfolio If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert Commercial alert before the previous information of the Investment Club is subject to our terms and conditions and policy of privacy, together with our exemption of responsibility. There is no creation or fiduciary duty by virtue of its receipt of any information provided in RELATIONSHIP WITH THE INVESTMENT CLUB NO SPECIFIC RESULT OR BENEFIT IS GUARANTEED.
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