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Jim Cramer: Here's your chance to own this cheap stock before it surges again

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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. U.S. stocks declined on Friday as investors looked to wrap up a volatile trading week. The S & P 500 and Nasdaq slipped 0.4% and 0.5%, respectively, in morning trading. The blue-chip Dow was down slightly as well.

stock is up less than 1% Friday. Eli Lilly stock fell Friday after disappointing regulatory news. On Thursday, the Food and Drug Administration said it would delay approval for Eli Lilly's highly-anticipated Alzheimer's treatment, which was expected to be approved this month. Jim said it was "a setback" for the portfolio name, but still believes in Eli Lilly's long-term growth prospects.

 

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