Day three of the federal government shutdown continued on Friday, with no resolution in sight. The stock market reached more all-time highs before slowing down, with the S & P 500 and Nasdaq both posting gains. Healthcare stocks surged after President Trump’s deal with Pfizer. Nike’s quarterly earnings exceeded expectations, boosting the stock. The Club acquired more Nike shares and sold some Bristol Myers Squibb stock. Boeing saw a setback with its 777X jet program. Costco shares were purchased amidst a market share gain. Wells Fargo, GE Vernova, and Apple were downgraded by Wall Street analysts. RBC downgraded GE Vernova due to challenges in its wind turbine business and stock valuation concerns. Despite this, Jim sees potential in the company’s position. Apple was downgraded by Jefferies to underperform, citing high expectations for new iPhone models. Jim advises members to ignore the downgrade and trust Apple’s history of quality and innovation. As a CNBC Investing Club subscriber, members receive trade alerts from Jim Cramer with specific wait times before executing trades.

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1. The U.S. economy added 943,000 jobs in July, exceeding expectations.
2. The unemployment rate dropped to 5.4%, the lowest since March 2020.
3. The leisure and hospitality sector led job gains, adding 380,000 new positions.
4. Average hourly earnings increased by 4% over the past year.
5. The strong jobs report may influence the Federal Reserve’s decision on tapering stimulus measures.: Stocks jump despite shutdown; we bought more of our newest stocks