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.) Fed foils stocks : The market moved further into negative territory Wednesday afternoon after minutes from the Federal Reserve’s most up-to-date meeting perked up inflation worries. Remember, nonetheless, that the Fed minutes were from the meeting held April 30 to May 1 — and due to this fact, they don’t have in mind the cooler-than-expected April consumer price index that was released May 15. One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner’s solid quarter. Read our earnings evaluation and the explanations behind our Club price goal boost . Waiting game : Volatility could change after Wednesday’s closing bell when investors react to Nvidia ‘s fiscal 2025 first-quarter earnings report and outlook. It was about one 12 months ago when Club name Nvidia gave one of the impressive quarterly revenue forecast beats ever — guiding to about $11 billion versus estimates of $7.15 billion. The news caused Nvidia shares to soar 24% in a single session — igniting the bogus intelligence/data center buildout theme that has shown no signs so far of slowing. Sector dynamics : Health care was the one sector holding onto slim gains — led by a surge in Moderna shares. Tech was lower. Nevertheless, solar stocks like First Solar and Enphase Energy , that are in the data technology sector, were soaring. Nextracker , a smaller name not within the S & P 500, was also jumping on Wednesday. We have now been watching Nextracker as a part of our Bullpen watch list after strong results last week. We’re seeing a break in some commodities — causing energy and materials to drop. Copper was pulling back after setting a record high Tuesday. Oil was also lower for the third straight session. Quiet comeback : We’re watching Starbucks and the curious recovery the stock has remodeled the past three weeks. After falling nearly 16% early in May after a dismal quarter and a major cut to its full-year guidance, shares of the coffee giant have quietly clawed back a bit of those losses on no real news. If shares close above $80.50 each, it could mean a gain of about 7% previously 4 sessions. The recent motion within the Club stock has us wondering if an enormous buyer is lurking on the market. Up next : Nvidia is, obviously, the fundamental event of the week, reporting after Wednesday’s closing bell. Other corporations reporting include cloud name Snowflake ; elf beauty ; Vans, North Face, and Timberland owner VF Corp , and automation software maker Synopsys . Before the opening bell Thursday, Ralph Lauren ; medical device maker Medtronic ; and BJ’s Wholesale Club all report. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
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.)
