Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re not recording the audio, so we will get this latest written feature to members as quickly as possible.) Markets bounce : Stocks kicked off the brand new trading week on the next note, driven by strength within the mega-cap tech stocks ahead of Nvidia ‘s GTC conference and reports that Apple may partner up with Alphabet to bring the Gemini AI model to the iPhone. The report is easing concerns about Gemini’s credibility and sending Alphabet shares to their highest levels since early February. Disney gets a win : A significant proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the corporate’s director nominees and never the slate forth by Trian’s Nelson Peltz. Disney’s annual meeting is April 3. Although the Glass Lewis decision is a possible setback to Trian’s probabilities of getting enough votes to place Peltz and former Disney CFO Jay Rasulo on the board, Jim Cramer still sees the merits of this contest. “Disney’s board is dysfunctional however the stock’s going higher due to activist pressure. The pressure is nice. Nelson was valued as a board member at Procter & Gamble , Mondelez , and Heinz . I do not get the aversion. However the stock goes higher.” The comeback kids: GE Healthcare climbed back above $90 per share and has put together two positive sessions in a row. It’s a superb sign considering the stock fell roughly 3.6% last Wednesday to $88.48 after General Electric announced a sale of 14 million shares through a second offering. “GE Healthcare almost digested the GE block. The corporate works closely with Nvidia on AI. Nvidia mentions the corporate in its health-care work,” Jim said. Shares may additionally be getting a lift from signs that China has provided stimulus for hospital and teaching equipment. Analysts at Evercore ISI wrote about this last Friday, noting it also needs to provide a lift to life science tools firms like Club name Danaher . One other recovery within the making is DuPont , which must get to $74.69 to totally get better all its losses tied to an awful preannouncement in January. The corporate’s management team recently spoke at a number of investor conferences, noting that orders have picked as much as the low double digits from 8% after they reported. That order growth provides visibility right into a quarter that shall be the underside for its Water & Protection business. But Electronics is the very best a part of the corporate’s growth story and maybe this recent comeback can be in regards to the strength it’s seeing there. Jim said, “DuPont should be seeing green shoots in cellphone. Perhaps Samsung.” Bear in mind, DuPont also has exposure to more advanced chips, with Taiwan Semiconductor Manufacturing being one in all its key customers. Quick hits : “Worries about GLP-1 usage impacting beverage and snacks group could also be receding with the PepsiCo upgrade. It’s a superb sign for many who are nervous about Constellation Brands , which has been an actual horse these days,” Jim said. Citi opened a “positive catalyst watch” on Constellation Brands last Wednesday. Individually, Jim said, “I’m taking a look at Cloudflare . They hired Stephanie Cohen, who’s sensible, from Goldman Sachs .” Cohen has reportedly left the investment bank to turn into Cloudfare’s chief strategy officer. Up next: The main target at 4 p.m. ET shall be on Nvidia CEO Jensen Huang. That is when he’s expected to take the stage on the AI chip giant’s annual GTC developers conference. While there’s loads of anticipation around Jensen’s upcoming keynote, Jim said, “There are higher days to purchase Nvidia than around GTC. Give it a rest.” We will not wait for Jensen’s sit down with Jim on “Squawk on the Street” on Tuesday and for a two-part interview on “Mad Money” on Tuesday and Wednesday. (Jim Cramer’s Charitable Trust is AAPL, GOOGL, DIS, GEHC, DD, STZ, NVDA. See here for a full list of the portfolio holdings.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll 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 a few 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.
Traders work on the ground during morning trading on the Recent York Stock Exchange (NYSE) on March 06, 2024 in Recent York City.
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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re not recording the audio, so we will get this latest written feature to members as quickly as possible.)
