Aniket PujariEvery 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 are finishing the week on a higher note and rebounding from oversold levels. The lack of new tariff headlines is helping provide some much-needed relief after the S & P 500 entered correction territory Thursday. As usual in an oversold rally, the stocks that got hit the hardest throughout the sell-off are rallying the strongest. Tech is the best-performing S & P 500 sector in the session, and both financials and consumer discretionary are up significantly, too. On the other side, consumer staples and health care are only slightly positive, as those defensive sectors held up better during the market’s decline. Winners and losers: The biggest gainer in the portfolio this week was Nvidia . The advance was less about shrugging off artificial intelligence spending concerns and more due to a rebound from oversold levels and anticipation around next week’s GTC conference . Another big gainer was Coterra Energy . The energy sector was one of two to finish the week in positive territory, and Coterra outperformed the group thank in part to a more than 3% advance in Friday’s session. Some other notable upside movers this week were CrowdStrike , which we bought more of into a steep pullback Monday, and Eaton , which we added to on Thursday . CrowdStrike is now up more than 12% since Monday’s close after a bruising few weeks. Eaton, meanwhile, held an investor day on Tuesday and laid out bullish 2030 targets. In response, KeyBanc upgraded the stock on Wednesday. The biggest decliner in the portfolio was Apple . The stock continues to struggle with concerns about tariffs and limited AI features. Last week, the company announced it delayed its AI-enhanced version of Siri to 2026. Most consumer-related stocks had a bad week due to concerns about the economy and spending after a disappointing first-quarter update from Delta Air Lines and a handful of soft outlooks from retailers. Starbucks , Home Depot and Disney were three big laggards in the portfolio. We bought more Home Depot on Thursday afternoon and additional Disney shares on Monday. Abbott Laboratories also had a rough few days, giving back its last few weeks of gains. We thought the run to its new highs was unnatural, explaining why we sold shares into strength three separate times since February. Abbott Labs shares got dinged further on Friday after a judge in granted a retrial for the specialized infant formula case in St. Louis. The jury ruled in favor of Abbott Labs and Reckitt Benckiser last November . Analysts at TD Cowen wrote Friday, “Based partly on the jury verdict last fall, we believe that ABT is well-positioned to prevail in a second trial should one take place.” We agree, but we recognize the first litigation dip isn’t always the last one, which is why we are waiting to buy back some of the stock we sold at higher levels. Up next : No companies in the portfolio are scheduled to report next week. It’s a relatively quiet week of earnings in general, with only a few notable companies reporting. Some of interest are Micron , Nike , FedEx , Lennar , General Mills , Ollie’s Bargain Outlet , Five Below and Jabil . The big corporate event is Nvidia’s annual GTC conference. On the data side, there’s retail sales, housing starts, weekly jobless claims, and existing home sales. On Wednesday, the Federal Reserve’s policymaking committee will conclude its two-day March meeting. The committee is widely expected to keep rates unchanged at its target range of 4.25% to 4.50%. But the probability of a June rate cut has significantly increased to roughly 78% from 50% in the past month, according to the CME FedWatch tool . (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.
