Jim Cramer's Investing Club meeting Friday: Stocks slide, oil, Estee Lauder

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. Wait to put cash to work Watch oil stocks Buy EL, STZ & PG 1. Wait to put cash to work Equities continued to slide Friday morning on the back of still-high inflation and hawkish rhetoric from the U.S. Federal Reserve around future interest rate hikes. Stocks came under pressure from a stronger U.S.

As a result, we're downgrading our ratings on Pioneer Natural Resources and Coterra Energy ahead of their earnings reports next week on expectations for similar results, and plan to stay on the sidelines of oil for now. 3. Buy EL, STZ, PG Citi on Friday initiated coverage on Club holdings Estee Lauder , Constellation Brands and Procter & Gamble , sending shares of each higher.

Question why aren't we following the politicians stock positions after all they're the ones with inside track and I'm sure they're making tons of money off our tax dollars so I don't return the favor and follow what they're doing so we can make tons of money off of it too

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