Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (In order to get this new article to our members as quickly as possible, audio recordings will no longer be made.) A breather: Stocks were mixed on Friday. There’s nothing wrong with stopping and taking a breather after a four-day winning streak that pushed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite to all-time highs. The S&P short-term oscillator wasn’t technically overbought after Thursday’s rally, but it wasn’t close. AI Catalysts for the Future: Friday’s newsy Alphabet headline was that Wedbush added the stock to its best ideas list and raised its price target. But that wasn’t the only bullish survey about the internet giant. Morgan Stanley also wrote positive comments about Google’s parent company, saying that the next three months could show how the company can benefit from generative artificial intelligence and use AI tools to improve its advertising business. outlined five potential catalysts. The main events are: Google Cloud Next Conference Q1 Earnings Google I/O Google Marketing Live Apple’s Worldwide Developer Conference (also known as WWDC) Google shares rise sharply following reports earlier in the week that Apple had the following discussions: Did. Bringing the large-scale language model Gemini to iPhone. “When are we going to hear about the Google-Apple partnership? Next week or not at all? That hasn’t been confirmed yet,” Cramer said. Another notable AI assistant is Claude, developed by the private company Anthropic. Amazon and Alphabet are prominent investors in AI startups. “Amazon/Anthropic is gaining market share at an incredible rate. It could be the next big thing,” Cramer added. Alphabet, Apple, and Amazon are all club stocks. Kramer’s immediate response: “Abbott Laboratories should be acquired. The legal exposure is not as great as people think.” The company’s exposure to infant formula has been lost since trading closed on March 14. We re-bought Abbott Labs stock on Thursday, believing it is likely worth billions of dollars less than its market capitalization. “I can’t help but wonder if Vuori’s rise is contributing to Lululemon’s weakness.” Vuori is an athleisure clothing company rumored to go public in 2024. It’s still a long way off, but a series of initial public offerings (IPOs) last week may have opened the door for more companies to go public later this year. This would be a boon for banks, especially Goldman Sachs and the club’s name, Morgan Stanley. Earlier this week, I wrote about the flywheel impact his healthy IPO market has had on Morgan Stanley’s other businesses. “Please stop the sellers from selling Apple. I think what Assistant Attorney General Jonathan Cantor said on ‘Squawk Box’ is really terrible, and whether he owns a Nokia phone or not. You have to think of it as a raft.” [available at Target for $20] (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. Jim has a 45 minute wait. After sending a trade alert, before buying or selling stocks in a charitable trust’s portfolio, if Jim talked about stocks on his CNBC TV, wait 72 hours after issuing the trade alert before executing the trade. The above investment club information is subject to the following: No fiduciary duties or obligations exist or arise from your receipt of the information provided in connection with the Investment Club, together with our Terms of Use and Privacy Policy and Disclaimer . No specific results or benefits are guaranteed. ED.
Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (In order to get this new written feature to our members as soon as possible, audio recordings will no longer be made.)
