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.) As we gear up for the CNBC Investing Club’s annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of the day’s portfolio movers. ” Ford seems really interesting as the electric vehicle market slows down,” Jim said. One of the key points from Ford’s fourth quarter was a greater push into hybrid vehicle production with a pullback EV spend. ” Disney ‘s strategy is too much like Warner Bros. Discovery for my liking,” Jim said. “They need some sort of change agent there,” he added, alluding to the proxy battle between Disney and Train’s Nelson Peltz. “Lost in all the semi talk is the continued strength of Costco . I think we can hold it,” Jim said. “But I think that Stanley Black & Decker has gotten too cheap versus everything else in the sector.” “I don’t want to get too excited but the way Starbucks and Estee Lauder trade it is like China has hit bottom,” Jim said. We’ll be running through many more of the stocks in the Club portfolio during Saturday’s meeting, which members can watch live starting at 1:30 p.m. ET on our website . Conference call update : Coterra Energy reported earnings Thursday evening but held its conference call Friday morning. The main takeaway from the call was that the oil and natural gas producer has plenty of flexibility to shift investment to where it will generate the highest return. For 2024, that means pulling back on natural gas production and focusing on oil. While the near-term fundamentals around nat gas look bleak, management is optimistic about the outlook 12 to 18 months from now. The main reason: lots of new LNG export capacity is expected to come online toward the end of the year into early 2025. This coupled with the…
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