The Homestretch is a written feature released by the CNBC Investing Club with Jim Cramer every weekday in time for the last hour of trading on Wall Street. The market was up on Monday, driven higher by Tesla and Apple. Tesla surged more than 15% after CEO Elon Musk visited China and received approval for its driver-assistance system. Apple also rose after a long-time bear at Bernstein research turned bullish, stating that Apple’s weakness in China is more cyclical than structural. Discipline calls led to the trimming of the Wells Fargo position due to its strong performance since March and upcoming economic events that could impact the banking sector.
The next day is set to be significant with companies like Eaton, GE Healthcare, and Eli Lilly reporting earnings before the opening bell. These companies are already outpacing the S & P 500. Other big reports include PayPal, 3M, McDonald’s, and Coca-Cola. After the bell, Amazon, Starbucks, Advanced Micro Devices, and Super Micro will be reporting. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before any trades are made. Jim waits a specific period before executing a trade, ensuring transparency and adhering to CNBC policies. It is important to note that no specific outcome or profit is guaranteed.
The CNBC Investing Club provides a platform for members to receive actionable afternoon updates from Jim Cramer in written form. The market’s performance on Monday was supported by Tesla and Apple, with Tesla jumping due to developments in China and Apple rising after a bullish report from Bernstein research. Discipline calls led to the trimming of the Wells Fargo position ahead of two significant economic events. The following day is expected to be eventful with a number of companies reporting their earnings, including major players like Amazon and Starbucks.
Members of the CNBC Investing Club with Jim Cramer can expect to receive trade alerts before any trades are executed, ensuring transparency and timely information dissemination. The market outlook remains positive with key companies outperforming the S & P 500 and quarterly earnings reports on the horizon. Subscribers are reminded that no specific outcome or profit is guaranteed, and they should refer to the terms and conditions, privacy policy, and disclaimer for further information on the responsibilities and obligations within the club. The CNBC Investing Club with Jim Cramer provides valuable insights and recommendations for investors looking to navigate the stock market effectively and make informed decisions.
