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. U.S. equities climbed higher Friday, with the S & P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are on track to deliver gains for the week after stocks gave their best performance in a year last week. “I do think this rally is real,” Jim Cramer said Friday. Bond yields, meanwhile, were mainly steady, with that of the 10-year Treasury hovering around 4.6%. And oil prices jumped by more than 1%, with West Texas Intermediate crude trading at nearly $77 a barrel. 2. Morgan Stanley said Friday that it expects Club holding Palo Alto Networks (PANW) to pull further away from the cybersecurity pack and sustain high-teen-billings growth. Analysts at the bank said they would be buyers into the print, ahead of Palo Alto’s quarterly results Wednesday after the closing bell. That’s a view we articulated this week, too. Morgan Stanley’s latest checks “largely support a positive view, with partners citing durable demand as customers consolidate on the broader PANW platform,” the analysts wrote in a research note. Palo Alto stock gained 3.64% Friday morning, to trade at $251.42 a share. 3. Club name Coterra Energy (CTRA) reported strong quarterly results earlier in the week, raising its production outlook while keeping capital expenditures in check. The oil-and-gas producer is also still estimating about 5% deflation next year thanks to contract repricing. As a result, Jim said Friday that he “would be an aggressive buyer of Coterra” at current levels. He’s set to interview CEO Thomas Jorden on “Mad Money” Friday evening. Shares of Coterra were down 0.17% Friday morning, at $26.76 apiece. (Jim Cramer’s Charitable Trust is long PANW, CTRA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.