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. Here is Friday’s edition. Down to the wire: It has been a choppy day. The key part is that the market recovered its early losses, shrugging off a hot reading on producer prices and rising bond yields. It’s a different trading pattern than on Tuesday when a hot print on consumer prices spiked bond yields and slammed stocks. The S & P 500 finished at a record high Thursday, putting the index just above the breakeven line for the week. If the gains can hold, that would mean the S & P 500 closed higher on a weekly basis in 15 of the past 16 weeks. It’s been that big of a run. Broadening out : What’s notable Friday is the S & P 500 is hanging in there without much help from the Magnificent Seven – Alphabet , Apple , Amazon , Meta Platforms , Microsoft , Nvidia and Tesla. Most of them are trading lower in session, with the notable exceptions being Nvidia and Tesla . Remember, Jim Cramer kicked Tesla out and renamed the group of mega-cap market leaders the Significant Six. We own all six in the Club portfolio. The top sectors in Friday’s market are materials , health-care and consumer staples . Club winners: Wells Fargo was the top performer this week, thanks to the 7% surge Thursday in response to regulators terminating a consent order. GE Healthcare was second on the list. UBS upgraded the health-care company to neutral Monday. HSBC initiated coverage with a Street-high $100 price target Thursday. Surprisingly, despite news of a 13 million share secondary offering tied to General Electric ‘s stake in GEHC, shares reversed early losses Friday and traded higher. That’s a great sign. Other notable outperformers this week included Eli Lilly , Foot Locker , Danaher , Linde , and Disney ….
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