Market Data 
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. U.S. stocks were lower across the board Friday as Wall Street wraps up a week dominated by a fierce rotation out of high-flying tech winners into small cap and value stocks. The tech-heavy Nasdaq Composite and S & P 500 were on pace for a third straight losing day. After snapping a six session win streak Thursday, the Dow Jones Industrial Average is tracking toward another down day. The S & P Short Range Oscillator, our trusted momentum indicator, remains in overbought territory, though it’s down from its more extreme levels earlier in the week. 2. Shares of Club holding Palo Alto Networks rose more than 1% Friday after an update from its cybersecurity rival CrowdStrike caused a widespread IT outage across the globe. CrowdStrike shares slid 8%. Even though it wasn’t a hack or cyber incident, CrowdStrike may face some reputational risk as a result. At the very least, this is a good opportunity for Palo Alto CEO Nikesh Area to make some sales calls, Jim Cramer wrote to Jeff Marks on Friday morning. Jeff shared Jim’s comments with members during the meeting. 3. A day after our upgrade , Eli Lilly added nearly 3% to claw back a little bit of its steep losses for the week. Earlier Friday, Chinese regulators approved the company’s obesity drug, just a few weeks after doing the same for Danish peer Novo Nordisk . Jim told Jeff that the Lilly comeback Friday “could be real” as investors better contextualize the competitive risks presented by Roche. Early stage trial results for the Swiss pharmaceutical firm’s obesity pill on Wednesday sparked a new round of worries about Eli Lilly’s ability to maintain a co-leadership position in the weight loss market. (Jim Cramer’s Charitable Trust is long PANW and LLY. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
