Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. Market moves: Markets rebounded from Wednesday’s selloff that started from “sell the news” reaction to tech earnings and accelerated when Fed Chair Powell poured cold water on the idea that a rate cut in March was the most likely scenario. What’s helping stocks is the rally in the bond market. The yield on the 10-Year Treasury fell below 3.9%. But we’re also getting to a point where the market is overbought, which is typically a signal to sell but we have so much cash and are looking for opportunities to put that to work. Jim Cramer said investors can pick stocks that are “oversold within an overbought market.” If the market stays up around this level, the S & P Oscillator will be over 5%, which is very overbought. Jobs report: That doesn’t make for a great setup into tonight’s slate of earnings which features three of the Super Six tech stocks, Amazon , Apple , and Meta . Don’t forget, monthly jobs report is set to be released tomorrow. The market is looking for an increase in 185,000 job gains, down from 216,000 in December. Ultimately, a solid jobs report is better for the economy and good for stocks in the long run. Top movers: Eaton stock is higher off a strong quarter and bullish guidance. Foot Locker was down Wednesday in reaction to a weak profit forecast from Adidas. Wynn shares were higher after January Macao numbers came in better than expected. Constellation Brands is up after competitor Diageo snaps back. GE Healthcare higher too. We trimmed some shares Wednesday as a hedge against a weak orders number due to China. Bottom movers: Honeywell down Thursday. We used the pullback as a buying opportunity to add to our position on the day. Stanley Black and Decker stock is down slightly after the quarter. The company offered a big beat but the 2024 outlook was very conservative. Wells Fargo lower as people worried about the banks, especially ones with a lot of real estate exposure. Coterra is down too as oil dipped early on what appears to be a false report of a ceasefire in the Middle East. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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