Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. (We are no longer recording audio, so we can get this new written article out to members as quickly as possible.) Shaky Markets: After a weak attempt at an oversold rebound in the morning, market pressure accelerated at midday and stocks fell into the red as investors remained worried about what might happen after events in the Middle East this weekend. Lingering concerns about persistent inflation and higher interest rates have also clouded the picture. There’s nothing markets hate more than uncertainty, which is why stocks have struggled to hold on to early gains. Earnings Focus: The good news is that we are about to enter earnings season, which gives us the opportunity to hear directly from management teams and get their thoughts on how Current events and economic headwinds impact their businesses where applicable. Earnings season is when large companies with strong fundamentals and optimistic outlooks can separate themselves from the pack. That’s why it’s so important to do your homework this time of year. Including Monday, about 40 companies in the S&P 500 and six components of the Dow Jones Industrial Average are expected to report this week. Next up: Morgan Stanley reports before the opening bell Tuesday. Good quarters from Goldman Sachs and Charles Schwab bode well for Morgan Stanley, but the Club holding company needs to allay concerns over the investigation into its wealth management business and get that segment back on track after a few consecutive lackluster quarters. Sector Dashboard: Nearly all 11 sectors of the S&P 500 were solidly down, as of 2:15 p.m. ET. The only exception is health care, which hovers around a flat line. The sector spent time both in the green and slightly in the red. The group is mainly supported by lower insurance stocks, although some of our sector companies, such as drugmaker Eli Lilly, have been slightly positive. Abbott Laboratories is essentially flat on the session. It’s not really a shock to see healthcare holding up better than other sectors, as it exhibits defensive growth characteristics. (See here for a complete list of Jim Cramer’s Charitable Trust stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charity’s portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. (We are no longer recording audio so we can get this new written feature out to members as quickly as possible.)
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