Cramer sees ‘nirvana moment’ for the market and sorts through the big stock movers

The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. Wall Street was mixed on Friday, with the Nasdaq leading the way higher due to Netflix’s post-earnings surge. Jim Cramer described the market as being in a “nirvana moment” with oil prices dropping and strong retail sales. He noted that the market is almost overbought again, according to the S & P Short Range Oscillator. Chip stocks were volatile, with Nvidia and Broadcom performing well while Advanced Micro Devices struggled. Apple saw gains after strong iPhone sales in China. Looking ahead, earnings reports from industrial-focused stocks like Danaher, Dover, and Honeywell are expected. Subscribers to the CNBC Investing Club receive trade alerts before Jim makes a trade, with specific guidelines for buying and selling stocks.