Jim Cramer: Palo Alto Networks 'overly punished' this year and that might be to our advantage

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. U.S. stocks were mixed Friday after four straight days higher. The Dow was on track for its top weekly performance of 2024. The S & P 500 and Nasdaq were also poised for strong weekly gains.

Why is this important? The stock had its worst trading session last month since its 2012 IPO after management slashed its full-year revenue guidance because of this business strategy shift. The Club sees this as short-term pain for long-term gains. Wall Street analysts touted portfolio name Constellation Brands . Piper Sandler analysts initiated the Mexican beer powerhouse with a buy-equivalent rating and a $300-per-share price target.

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