With the market oversold, we're going to hold our noses and do some buying

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 fall, market oversold Stocks are lower again Friday, putting the S & P 500 on track for a third-straight week of declines for the first time since February. But the market is, at least, finally oversold, with the S & P 500 Short Range Oscillator at minus 4.54% following Thursday's sell-off.

Still, Estee Lauder expects to return to organic sales growth in fiscal year 2024 and deliver sequentially improving margins throughout the year. We'll provide a full analysis of the results later Friday. 3. Watch Palo Alto Networks Cybersecurity leader Palo Alto Networks reports quarterly earnings after the bell Friday, with significant market uncertainty around the results. The stock is down roughly 18% since the start of the month amid a broader industry pullback.

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