Honeywell Aerospace lands an analyst endorsement ahead of its debut. This is our plan for the stock

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. The S & P 500 is slightly higher Friday, capping off a volatile week in the markets. The semiconductor group — including Micron and Club holdings Arm , Broadcom , Nvidia and Intel — is lower. The pullback comes following a New York Times report Thursday night that OpenAI may delay its initial public offering until 2027. One of the reasons cited in the story is that executives are cautious in light of SpaceX's volatility since becoming a publicly traded company two weeks ago. We're not so sure that would be a reason to wait longer than initially expected. Director of Portfolio Analysis Jeff Marks said that considering how SpaceX immediately soared past a $2 trillion dollar valuation despite being unprofitable, he deems that "pretty successful." 2. Nike shares are modestly higher Friday despite KeyBanc downgrading the stock to a hold-equivalent rating ahead of next Tuesday's earnings report. Earlier in the week, Evercore also downgraded Nike. "There are signs of progress, but not enough for us to remain optimistic," KeyBanc analysts wrote. Jeff shares the concerns, pointing to weakness in China as the problem, which analysts also noted hasn't been addressed as quickly as expected. " That's been a big struggle for them for many quarters," said Jeff. …