Stocks mostly fell on Friday, with the Dow down about 1% as selling spread beyond the AI trade, and West Texas Intermediate crude rose above $103 per barrel on renewed US-Iran tensions. Palo Alto Networks and CrowdStrike were the Investing Club's best performers, each up more than 6%, while the Club exited Broadcom. Meta shares fell again, extending Thursday's nearly 7% decline, as investors questioned how its AI buildout will be funded after free cash flow turned negative for the first time since its 2012 IPO. The Club is sticking with Meta given its strong fundamentals and Muse roadmap, and it added a few shares of GE Vernova during Thursday's sell-off. Ahead of GE Vernova's earnings next week, the Club wants to see continued strong orders for heavy-duty gas turbines and strong pricing.
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