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Jim Cramer's Investing Club meeting Friday: Be selective buying in this market

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The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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. Remain selective when buying Adding to Estee Lauder Keeping watch on Alphabet 1. Remain selective when buying The S & P 500 Short Range Oscillator clocked in at minus-0.09% as of Thursday's close, meaning the market has finally exited overbought territory.

Keeping watch on Alphabet Alphabet finally stabilized Friday, with shares up slightly. The Google parent suffered its worst two-day decline since March 2020 after Microsoft unveiled new artificial intelligence-enhanced search capabilities for Bing — courtesy of startup OpenAI , the maker of ChatGPT. We're also concerned about the Justice Department's antitrust lawsuit against Alphabet over online advertising practices.

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