Cramer highlights 3 stocks to watch in a deeply oversold market that's bouncing Friday

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. Stocks reversed to trade sharply higher Friday. The Dow , around noon ET, jumped more than 750 points, or over 1.8%. In fact, the S & P 500 and Nasdaq also surged roughly 1.8% each. The market was rather flat at the time the Morning Meeting was recorded.

Jim has expressed confidence in Broadcom's custom AI chip business, which is poised for significant growth in the years ahead. 3. Club name Eli Lilly jumped roughly 5% on Friday after a study showed that competitor Novo Nordisk 's next-generation obesity drug did not meet weight loss expectations. Novo shares plunged 17%. Citi analysts called the results a "best-case scenario" for Lilly.

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