Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting Club
PRO
LivestreamMenuEvery 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. Stocks are slightly higher on Friday. The S & P 500 is on track to gain more than 1% this week, while the Nasdaq Composite is up more than 1.5%. The market quickly recovered from a brief dip around 10:30 a.m. ET after President Donald Trump said on Truth Social that the United States has agreed to continue talks with Iran, but that “the Cease Fire is OVER!” Investors showed strong enthusiasm for the listing of SK Hynix , one of the world’s three largest memory chipmakers and a leader in high-bandwidth memory used in AI chips. Tech stocks, energy, communication services, and consumer discretionary were the only sectors in the market to post gains this week. Healthcare was the worst performer as investors rotated out of this defensive group. Materials, consumer staples, utilities, real estate, and industrials also posted modest losses. Financials edged lower but remained the best-performing sector month to date. Earnings season kicks off next Tuesday with the big banks, with JPMorgan , Goldman Sachs , Citigroup , Bank of America , and Wells Fargo all reporting second-quarter results before the market opens. Why they all picked the same day to release earnings is above our pay grade. Expect the market to struggle at first blush as all the news and financial figures cross the wires within a two-hour time span and investors try to figure out who is doing well. Goldman Sachs’ earnings will hinge on how record capital markets activity translates into strong results. A key line to look for is how its investment banking backlog changed quarter over quarter. In theory, Wells Fargo should have an easier setup into earnings simply because it’s been the worst-performing big bank this year, a result of two disappointing quarters in a row. Expectations are low, but Wells Fargo still needs to turn this around. We need to see more consistent execution from the bank to justify keeping this long-held position in the portfolio. Healthcare giant Johnson & Johnson reports on Wednesday , and this is one where we simply want management to keep executing: drive its commercial portfolio and continue building momentum behind newer launches, including plaque psoriasis treatment Icotyde. The pharma giant raised its full-year outlook for operational sales growth and adjusted earnings per share after the first quarter, and we expect it to do so again. Other notable reports on Wednesday: Morgan Stanley , BlackRock , PNC Financial , Bank of New York Mellon , ASML , Conagra, and Cintas . United Airlines and J.B. Hunt report after the close. On Thursday, we’ll see earnings from UnitedHealth , GE Aerospace , Abbott Labs , and Prologis . Taiwan Semiconductor also reports, and its sales growth figures and capital expenditure guidance could impact the broader chip complex. Finally, Netflix reports after the close on Thursday, and a couple of regional banks report before the bell on Friday. (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 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.Read More
About The Author
