Every weekday, the CNBC Investing Club with Jim Cramer publishes Homestretch, a helpful afternoon update just in time for the final hour of trading on Wall Street. (We are no longer recording audio, so we can get this new written article to members as quickly as possible.) Fed Thwarts Stocks: The market moved further into negative territory Wednesday afternoon after minutes from the Federal Reserve's most recent meeting turned lively. concerns about inflation. However, note that the Federal Reserve minutes are for the April 30-May 1 meeting and therefore do not take into account the colder-than-expected April Consumer Price Index. , which was published on May 15. Retailer TJX was off price Wednesday after the owner of TJ Maxx, Marshalls and HomeGoods' strong quarter. Read our earnings analysis and the reasons behind our increase to the Club's price target. Waiting game: Volatility could change after the closing bell on Wednesday as investors react to Nvidia's fiscal 2025 first-quarter earnings report and outlook. It was about a year ago when the club's name, Nvidia, gave one of the most impressive quarterly revenue forecasts in history: about $11 billion versus estimates of $7.15 billion. The news sent Nvidia shares soaring 24% in a single session, igniting the AI/data center construction theme that to date has shown no signs of slowing down. Sector Dynamics: Healthcare was the only sector to maintain slim gains, led by a rise in Moderna stock. The technology was less. However, solar energy stocks such as First Solar and Enphase Energy, which are in the information technology sector, soared. Nextracker, a smaller name not listed on the S&P 500, also jumped on Wednesday. We've been watching Nextracker as part of our Bullpen watch list after last week's strong results. We are seeing a breakout in some commodities, causing a drop in energy and materials. Copper retreated after hitting a record high on Tuesday. Oil also fell for the third consecutive session. Quiet Comeback: We're watching Starbucks and the curious rally the stock has experienced over the past three weeks. After plunging nearly 16% in early May following a dismal quarter and a significant cut to its full-year guidance, the coffee giant's stock has quietly recouped a portion of those losses without any real news. If shares close above $80.50 each, it would mean a gain of about 7% over the last four sessions. The recent action in the Club's shares makes us wonder if there is a big buyer lurking out there. Next up: Nvidia is obviously the main event of the week and reports after the closing bell on Wednesday. Other companies reporting include cloud name Snowflake; elf beauty; VF Corp, owner of Vans, North Face and Timberland, and automation software maker Synopsys. Before Thursday's opening bell, Ralph Lauren; medical device maker Medtronic; and BJ's Wholesale Club report. (See here for a complete list of Jim Cramer's Charitable Trust holdings.) 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 fund'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 INVESTMENT 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 THE RECEIPT OF ANY INFORMATION PROVIDED IN RELATION TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
Every weekday, the CNBC Investing Club with Jim Cramer publishes Homestretch, a helpful afternoon update just in time for the final hour of trading on Wall Street. (We will no longer be recording audio, so we can get this new written feature to members as quickly as possible.)
