The CNBC Investing Club with Jim Cramer releases the Homestretch every weekday, providing an actionable afternoon update for the last hour of trading on Wall Street. The S & P 500 was flat on Thursday, giving up earlier gains. Nvidia’s revenue guidance sparked a rally in other tech stocks and data center-related names, benefiting club holdings Eaton and Dover. Eaton specializes in electrical and power management equipment found in data centers, while Dover provides liquid cooling technologies needed for Nvidia’s next-generation platform. Disney has made changes under CEO Bob Iger, including buying back a dividend, cutting costs, and putting its streaming unit on track for profitability. The potential successor for Iger, Josh D’Amaro, is rumored to be in the running, indicating progress in the succession process.
Earnings reports from Dell Technologies, Lululemon, Ulta Beauty, Marvell Technology, MongoDB, and Autodesk are expected. Gap surprised with better-than-expected results, while the Federal Reserve’s PCE Price Index for July is anticipated to show a rise in inflation. As a subscriber to the CNBC Investing Club, members receive trade alerts before Jim Cramer makes a trade. Jim follows a waiting period after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. There is no fiduciary obligation created by receiving information from the Investing Club, and no specific outcome or profit is guaranteed.
Markets were mixed on Thursday, with the S & P 500 staying flat as Nvidia’s revenue guidance sparked a rally in tech stocks and data center-related names. Club holdings Eaton and Dover benefited from this trend, with Eaton specializing in electrical and power management equipment for data centers, while Dover provides liquid cooling technologies critical for Nvidia’s next-generation platform. Disney has made significant changes under CEO Bob Iger’s leadership, but the question of his successor remains. Josh D’Amaro is rumored to be in the running for the position, indicating progress in the succession process and potentially providing clarity for investors.
Earnings reports from Dell Technologies, Lululemon, Ulta Beauty, Marvell Technology, MongoDB, and Autodesk are scheduled, with Gap surprising with better-than-expected results. The Federal Reserve’s PCE Price Index for July is expected to show an increase in inflation levels. Subscribers to the CNBC Investing Club receive trade alerts before Jim Cramer makes a trade, following a waiting period after the alert is sent. There is no fiduciary obligation created by receiving information from the club, and specific outcomes or profits are not guaranteed.
The CNBC Investing Club provides an actionable afternoon update called the Homestretch for the last hour of trading on Wall Street every weekday. The S & P 500 was flat on Thursday, with Nvidia’s revenue guidance sparking a rally in tech stocks and data center-related names. Club holdings Eaton and Dover benefited from this trend, with Eaton specializing in electrical and power management equipment for data centers, and Dover providing liquid cooling technologies essential for Nvidia’s next-generation platform. Disney, under CEO Bob Iger, has made significant changes, but the question of his successor remains. Josh D’Amaro is rumored to be a potential candidate, indicating progress in the succession process and potentially providing clarity for investors.
Earnings reports from Dell Technologies, Lululemon, Ulta Beauty, Marvell Technology, MongoDB, and Autodesk are anticipated, with Gap surprising with better-than-expected results. The Federal Reserve’s PCE Price Index for July is expected to show a rise in inflation levels. Subscribers to the CNBC Investing Club receive trade alerts before Jim Cramer executes a trade, following specific waiting periods dictated by the club’s guidelines. There is no fiduciary obligation created by receiving information from the club, and specific outcomes or profits are not guaranteed.
