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Jim Cramer has these 3 stocks on his buy list in an oversold 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. 1. The S & P 500 is higher Friday, bouncing back from Thursday's sell-off but still on pace for its second weekly decline in a row. Amazon led the gains, up nearly 7% following strong earnings a night earlier. Its advance is helping offset Apple's less-than-1% dip after the iPhone maker's own earnings report.

Amazon stock surged Friday after company's earnings topped estimates Thursday night. Amazon Web Services, its longtime profit engine, saw revenues grow 19% year over year and essentially matched estimates, while margins across the company were better than expected. Profitability was helped by improved efficiencies, slowed hiring and reduced costs to serve in logistics. Crucially, strong margin performance eased investor worries around aggressive spending on artificial intelligence.

 

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