Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (We are no longer recording audio, so we can get this new article to our members as quickly as possible.) Market Wrap: It’s his second day of quiet activity in the market, but some light news As a result, the stock was trading in a narrow range. The day that concludes the week. This followed an eventful Wednesday when the S&P 500 index rebounded to new highs and U.S. Treasury yields plunged after the consumer price index was weaker than expected. But after four straight weeks of gains that pushed the market into overbought territory, I wouldn’t be surprised if Wall Street takes some time to digest the gains. Top performers: High tech was the star sector this week, thanks to big gains in artificial intelligence and data center areas such as super microcomputers and advanced microdevices. Broadcom, the club’s name, and his Nvidia also did well. The group’s move may have been prompted by new AI innovations announced by Alphabet’s Google and Microsoft-backed OpenAI. It was also a good week for cybersecurity stocks like Palo Alto Networks. Both Nvidia and Palo Alto will report earnings next week. Real estate benefited from lower bond yields and was the second best performing group. However, it is the only sector in the red since the beginning of the year. Telecommunications services and healthcare swapped places in third and fourth place. On the downside: Industrials was the worst-performing sector this week, which was a bit surprising given the group’s recent strength. Deere was one of the laggards after lowering its full-year outlook. Consumer discretionary was his second from the bottom, and the weak retail sales report certainly didn’t contribute to the softening of consumer opinion. The counterargument to this argument would be Walmart’s explosive quarter, but the giant retailer caters to consumers who want more value. More retailers and apparel brands are expected to report earnings next week. Macy’s, TJX Companies, Target, Williams-Sonoma, Ralph Lauren, and Deckers Outdoors are some of the big names. The materials and energy sectors are on a slightly upward trajectory thanks to Friday’s impressive moves. It’s good to see Cotera Energy doing well this week. The stock was upgraded to buy by the trust on Thursday. Friday’s rise in natural gas prices pushed natural gas prices into positive territory for the year. We believe that the energy required to power data centers in the future will be a positive tailwind for future gas prices. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (In order to get this new written feature to our members as soon as possible, audio recordings will no longer be made.)
