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’s Thursday’s edition. Market moves: The S & P 500 was making another run at 5,000 during Thursday trading after coming close Wednesday in another record finish. The Nasdaq was higher in the session and only roughly 1.5% away from its November 2021 record close. The Dow , which closed at a record Wednesday, was steady Thursday. In the bond market, it was another day, another successful auction. The Treasury sold $25 billion worth of 30-year bonds at a lower-than-expected yield. Lower is better in this case. Credit to Josh Frost, the assistant secretary for financial markets at Treasury, for keeping bonds at peace. Magic quarter: The pressure on holding a lid on the Dow was not Disney ‘s fault. The Club name and Dow stock surged roughly 12% Thursday, the day after a strong earnings report . One of the big themes of Disney’s conference call Wednesday evening was this “sense of urgency” to get the direct-to-consumer business profitable and drive margins to the double digits. “Nelson Peltz believes he has created the urgency, but he thinks more than cost cutting is needed. Having skin in the game will change things,” Jim Cramer said. Chips up: Stop us if you heard this before, but the semiconductors were up again. This time it’s due to a breathtaking move in chip designer Arm Holdings , which rallied more than 50% after strong earnings. “The real analog to the amazing move in Arm is Broadcom as a ubiquitous necessity to extending Nvidia into the data center,” Cramer said. Club names Broadcom and Nvidia both shares traded at fresh all-time highs Thursday. New highs: Other stocks making new highs are Palo Alto Networks and Costco . “Palo Alto keeps making highs as it is the gold…
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