Jim Cramer questions whether owning all our Super Six tech stocks is still necessary

Published Fri, Feb 2 202411:49 AM ESTUpdated Fri, Feb 2 202411:58 AM EST

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. U.S. stocks were higher Friday as investors digested fresh labor data and mega-cap tech earnings. A better-than-expected January jobs repor t showcased the economy's continued resilience but gave the Fed even more pause on cutting interest rates in March. We've thought for a while now that the market has become overly optimistic about when the central bank would cut. The Nasdaq was the real winner Friday as investors celebrated quarterly results from Club names Amazon and Meta Platforms . The softer quarter and guide down from Apple were expected, and the stock was trying to work its way out of the red. 2. Meta shares jumped over 20% after Thursday evening's blockbuster earnings release . Revenues handily beat expectations and management raised the firm's full-year outlook. The Facebook parent seems to be diving deeper into artificial intelligence, with CEO Mark Zuckerberg trying to get his hands on every high-performance Nvidia chip that he can. Meta will continue to integrate AI into its business, especially for popular offerings like Reels, the company's short-form video answer to TikTok. 3. Alphabet's earnings, which were out Tuesday evening, were a different story compared to Meta's blowout quarter. Jim Cramer wondered Friday: Does the Club need to own all of the Super Six tech stocks? Alphabet did post better-than-expected quarterly earnings and revenue but came up short on advertising sales — Google's bread and butter. Big capex spending didn't help investor sentiment either. Shares pulled back 7.5% on the results Wednesday. The stock closed modestly higher Thursday and was down again Friday. (Jim Cramer's Charitable Trust is long AAPL, META, AMZN, GOOGL. 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.