U.S. stocks are rallying Friday, although the S&P 500 remains on track for a weekly decline as the market recovers from oversold conditions. The S&P Short Range Oscillator entered oversold territory Thursday for the first time since the end of March. Oil prices are lower, while Treasury yields are higher after the August CPI report lifted expectations for a rate increase. CME FedWatch puts the probability of a 25-basis-point hike at next Wednesday's meeting at 86.5%, up from 72% Thursday and 59% a week earlier. Linde was initiated at overweight with a $542 price target by KeyBanc. The firm cited Linde's margin improvement, headcount reductions and ability to win business during weak end-market conditions, particularly following its 2018 merger with Praxair. Linde trades at about 25 times forward 12-month earnings, versus 20.5 times for Air Products and Chemicals, but KeyBanc said the premium reflects the company's quality and exposure to electronics, semiconductors and space. Linde shares rose about 1% Friday, outperforming Air Products and Chemicals. The company can pass higher energy costs to customers, supporting resilience during energy-driven inflation. Its Lincare in-home healthcare division has faced cost inflation and reimbursement pressure, and management is working to improve its performance while assessing its strategic direction. Next week's agenda includes Middle East developments, the Federal Reserve meeting, Salesforce's Dreamforce conference and analyst events featuring several portfolio companies. Jim Cramer will report from Dreamforce in San Francisco, while Broadcom CEO Hock Tan and Palo Alto Networks CEO Nikesh Arora are among his scheduled guests.