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. Markets: Stocks rose Thursday, shrugging off the latest inflation and tariff headlines. Despite a hotter-than-expected January producer price index, which followed a hot consumer price index Wednesday, bond yields were falling. The benchmark 10-year Treasury yield was down about 10 basis points to 4.54%. That’s a big turnaround from the day before when the 10-year yield touched a high of 4.66%. Collectively, the back-to-back inflation prints should not change the Federal Reserve’s course for a long monetary policy pause after central bankers cut interest rates three times in 2024 for a total of 100 basis points, or 1 percentage point, of easing. Tech news: Club name Apple shares popped midday after CEO Tim Cook took to X, former Twitter, to tease the “newest member” of the Apple device family. The company is planning a launch event on Wednesday, Feb. 19, and many believe it will be about the iPhone SE, which is a lower-cost iPhone. Club holding Nvidia shares rose after Hewlett Packard Enterprise announced that it received shipment of its first Nvidia Grace Blackwell system. In a late Wednesday research note, Morgan Stanley analysts said they think that the market’s preference shift to custom AI chip names over Nvidia gold-standard AI graphics processing units (GPUs) has swung too far. The note could be contributing to Nvidia’s gains and Marvell and Club name Broadcom ‘s slight declines. Meta Platforms , also a Club name, could break its 18-session win streaking if shares close lower Thursday. We booked profits on Wednesday. Up next: Companies reporting after Thursday’s closing bell include Club name Palo Alto Networks as well as Airbnb, Applied Materials, Coinbase, Wynn Resorts, and DraftKings. The only major company reporting Friday is Moderna. Before Friday’s opening bell, we’ll get January retail sales numbers. (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.
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.