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. Markets dip, with stocks unable to hold onto early morning gains despite lower Treasury yields and oil prices. This marks the fourth straight session of losses for the S & P 500, leading to a drop of nearly 4% since its closing high on March 28. However, pullbacks of this magnitude are common, occurring four to five times per year, often unexpectedly. Taking profits on the way up and keeping cash on hand can help investors capitalize on market pullbacks.
Abbott Laboratories saw selling pressure despite a strong earnings report that included a beat-and-raise quarter. The company raised its outlook early in the year, a sign of confidence in future performance. Despite Wall Street’s praise for the quarter, shares dipped, leading CNBC Investing Club to consider buying more on weakness. Analysts at Barclays raised their price target on Broadcom to $1,500, citing the company’s potential in artificial intelligence. HSBC upgraded its rating on Danaher to buy, calling it a quality proxy for the Biotech funding recovery. Investor focus turns to industrial-related earnings reports from companies like Kinder Morgan, CSX, and Alcoa, as well as others like Alaska Air, D.R. Horton, KeyCorp, and Blackstone.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows a protocol of waiting 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim discusses a stock on CNBC TV, he waits 72 hours before executing the trade. It’s important to note that no fiduciary obligation exists by receiving information from the investing club, and no specific outcome or profit is guaranteed. This information is subject to terms and conditions, privacy policy, and disclaimer.
Market fluctuations continue as stocks struggle to maintain early gains despite positive movements in Treasury yields and oil prices. The S & P 500 experiences its fourth consecutive session of losses, emphasizing the importance of being prepared for unexpected pullbacks. Abbott Laboratories faces selling pressure despite a strong earnings report and raised outlook, prompting CNBC Investing Club to consider buying more on weakness. Analysts at Barclays and HSBC provide insights on companies like Broadcom and Danaher, highlighting their potential in artificial intelligence and the biotech sector.
Investor focus shifts to industrial-related companies reporting earnings, including Kinder Morgan, CSX, Alcoa, Alaska Air, D.R. Horton, KeyCorp, and Blackstone. As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a move. Jim follows specific guidelines for executing trades, ensuring transparency and accountability in the decision-making process. It’s essential for investors to be aware of the terms and conditions, privacy policy, and disclaimer related to the information provided by the investing club. No specific outcome or profit is guaranteed, and no fiduciary obligation exists by receiving information from the club.
