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 Wednesday’s edition. Market rebound: Stocks are bouncing from Tuesday’s declines, taking their cue from rallying bond prices. This comes a day after stock prices fell and bond yields surged in reaction to the slightly hotter-than-expected consumer price index report (stocks tend to move in the opposite direction of bond yields). The industrial sector is the top performing group in the session but the dip buyers came right back for the mega-cap tech stocks like Nvidia and Meta Platforms , which are also the top two performers in the S & P 500 year to date. Number three is Eli Lilly : the maker of GLP-1 drugs, which treat type 2 diabetes and weight loss, made a brand new all-time high on Wednesday. Cramer said on Tuesday’s Homestretch that “the market is demonstrating a level of orderly retreat that shows how much people really do want to get in,” and that is what is playing out now. Not all green: Two sectors are in the red — consumer staples and energy. Kraft Heinz reported a dip in organic sales due to a 4% decline in volumes. The stock is down more than 6%, weighing down other food stocks and staples. This post-earnings sell-off serves as a good reminder of why it is important to focus on staples that aren’t living off price increases and can demonstrate volume growth. Constellation Brands is a volume-driven story and Procter & Gamble has seen its volumes improve in North America over the last five quarters. Energy is tumbling due to lower oil and natural gas prices. Buying the dips: We took advantage of our large cash position to scoop up shares in a few stocks that were hit hard in Tuesday’s pullback. We bought 70 DuPont shares at a price that was $10 cheaper than…
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