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 Monday’s edition. Sectors leading: Consumer staples were outperforming, led by Dow stock Walmart ‘s 3.5% gain. The retailer reported a strong fourth quarter and provided solid guidance as resilient consumers are increasingly looking for value. Walmart’s results are helping Club name Costco hit a new all-time high Tuesday. Jim Cramer said, “Walmart has tried to keep prices down, but Costco is lowering across the board. Next, will Costco get advertising on its e-commerce platform?” Both Walmart and Amazon have found success with adding advertisements to their online platforms to help boost profits, and we wonder if Costco could do something similarly. Looking for more inventory for online ads, Walmart announced a deal to buy connected TV maker Vizio for $2.3 billion. Shares of Vizio were jumping 15%. Sectors Lagging : A rush of profit-taking was hitting tech stocks. Semiconductor stocks like Super Micro Computer and Arm , which were up in recent weeks on short squeezes, were under severe pressure Tuesday. Club name Nvidia was sharply lower, too. “Nvidia is getting hit ahead of the quarter,” Jim said. “I get the attention to the quarter but what I think CEO Jensen Huang cares more about is the GTC 2024 event next month. At the conference, I think he will emphasize how AI and accelerating computing are impacting health care, transportation, financial services, telco, ag, and more.” Jim added, “Use any Nvidia weakness to buy. This is NOT Super Micro.” Nvidia reports earnings after the closing bell Wednesday. Other calls: Evercore ISI downgraded a handful of machinery names including Caterpillar , saying it’s time for the bulls to take a victory lap and take profits. We thought…
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