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Each week, Jim Cramer’s CNBC Investing Club releases a Homestretch audio feature to coincide with the last hour of trading on Wall Street. Here is today’s edition. Market Movement: Stocks are rising again today, but are off their morning highs. What caught our eye is that today’s drop in EV manufacturers has seen Eli Lilly and Broadcom overtake Tesla in market capitalization. On the regulatory front, the Federal Trade Commission has ordered Alphabet, Amazon, Microsoft, OpenAI, and Anthropic to provide information about their investments and partnerships related to generative AI. Tech giants rise: Super Six stocks fell on Thursday, but Alphabet hit new highs. These stocks have continued to rise significantly into the new year, so I think it’s time to sell some of them. Next week will be a big earnings week, and expectations will be high for better numbers. These tech stocks are still stocks you’ll want to own for the long term. Chinese stocks rebound: Other China-focused stocks in our portfolio are also making moves. Wynn Resorts stock is rising after Las Vegas Sands gave an upbeat report on Macau last night. Estée Lauder rose after LVMH’s earnings release. Organic revenue exceeded expectations, with perfume and cosmetics sales increasing 10% (vs. 9.41% expected), but Asia excluding Japan did not grow, so it may be too early to expect a turnaround. yeah. Our automaker Ford is also on the rise after Tesla released a disappointing earnings report. In an environment where EV demand is slowing, we like Ford’s strong lineup of ICE and hybrid vehicles. On the downside: Looking at the portfolio declines on Thursday, there are a few stocks with big gains, including Costco, Palo Alto, Broadcom, and Eli Lilly. There is no concrete news regarding the stock’s price movement, so investors may be locking in profits after a big rally. Please be careful. Jim reversed his idea of adding another cyclical stock. With DuPont in the penalty box, he argued for Dow Chemical’s position. The Dow, on the other hand, is unique in how strong it is at this point in the cycle despite not having a lot of inventory. “We haven’t been paying enough attention to inventory,” Jim said. “Be careful if you have large amounts of inventory,” he added. Jim said he wouldn’t be surprised if Tesla had a lot of inventory. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing a trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, as well as our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
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