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 no longer recording the audio, so we can get this new 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 recent meeting perked up inflation worries. Keep in mind, however, that the Fed minutes were from the meeting held April 30 to May 1 — and therefore, they do not take into account 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 analysis and the reasons behind our Club price target 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 year ago when Club name Nvidia gave one of the most 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 artificial intelligence/data center buildout theme that has shown no signs to date of slowing. Sector dynamics : Health care was the only sector holding onto slim gains — led by a surge in Moderna shares. Tech was lower. However, solar stocks like First Solar and Enphase Energy , which are in the information technology sector, were soaring. Nextracker , a smaller name not in the S & P 500, was also jumping on Wednesday. We have been watching Nextracker as 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 made over the past three weeks. After falling nearly 16% early in May after a dismal quarter and a significant cut to its full-year guidance, shares of the coffee giant have quietly clawed back a chunk of those losses on no real news. If shares close above $80.50 each, it would mean a gain of about 7% in the past four sessions. The recent action in the Club stock has us wondering if a big buyer is lurking out there. Up next : Nvidia is, obviously, the main event of the week, reporting after Wednesday’s closing bell. Other companies 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 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.
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 no longer recording the audio, so we can get this new written feature to members as quickly as possible.)
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