Every weekday, the CNBC Investing Club with Jim Cramer holds a live broadcast of the “Morning Meeting” at 10:20 a.m. ET. Here’s a rundown of Friday’s top moments. Stay Wary of Technology Hold to Buy Constellation Stick with Wells Fargo 1. Stay Wary of Technology Stocks Stocks rose on Friday on signs that wage growth is moderating, suggesting that the Federal Reserve is making progress in its battle to rein in inflation by raising interest rates. The S&P 500 was up 1.6% in mid-morning trade. However, Jim Cramer warned on Friday that investors should remain wary of big tech stocks — they are still hard to own, and the club is being careful to ensure our technology exposure remains limited. 2. Wait to Buy Constellation Brands Cowen on Friday downgraded Constellation Brands (STZ) to Market Outperform, or Buy, citing concerns that consumers will cut back on alcoholic beverages as the economy slows. However, the brewer continues to gain market share while flexing its pricing power, so we still like the stock. Constellation on Thursday reported a weak third fiscal quarter of 2023, as the stock closed down nearly 10%. But shares jumped nearly 3% in mid-Friday trading, to nearly $215 a share. Investors are advised to refrain from buying STZ for the time being, until the dust settles. 3. Committed with Wells Fargo Deutsche Bank on Thursday downgraded JPMorgan (JPM), Bank of America (BAC) and Truist (TFC) to prevent buying, citing macroeconomic headwinds and concerns about the banks’ weak fundamentals. But not all banks are built the same, and Wells Fargo (WFC) remains a great stock to own despite analyst concerns about the broader financial sector. While many banks struggle to manage expenses, Wells Fargo is undergoing a multiyear restructuring program that puts it in a stronger position relative to its competitors. (Jim Cramer’s Charitable Trust is long STZ, WFC. See here for a full list of stocks.) As a subscriber of the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim places a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charity fund portfolio. If Jim talks about a stock on CNBC, he waits 72 hours after the trade alert is issued before executing the trade. The above investment club information is subject to our terms and conditions and privacy policy, along with our disclaimer. No fiduciary obligation or duty will be created, or created, by virtue of your receipt of any information provided in connection with Investment Club. There are no specific results or guaranteed profit.