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 lose steam: The S & P 500 is flat Thursday, giving up earlier gains. Although Nvidia ‘s revenue guidance may not have been enough to satisfy its own investors, the number was good enough to spark a rally in other tech stocks and data center-related names. Club holdings Eaton and Dover are two examples of industrial ways to play the data center build-out. Eaton specializes in electrical and power management equipment that can be found throughout data centers, while Dover provides liquid cooling technologies that are crucial for the next-generation Blackwell platform. Disney has been working to restore investor credibility under the leadership of CEO Bob Iger, with various accomplishments such as buybacks, cost-cutting, and putting the direct-to-consumer streaming unit on track for profitability. The possibility of Josh D’Amaro succeeding Iger as CEO is gaining traction, providing some clarity in a situation that has long been uncertain. Earnings reports from Dell Technologies, Lululemon, Ulta Beauty, Marvell Technology, MongoDB, and Autodesk are all scheduled to be released soon, along with the Federal Reserve’s PCE Price Index for July.
The Homestretch update also discusses the progress Disney has made under the leadership of CEO Bob Iger, including the completion of several tasks to restore investor credibility. Disney has bought back a dividend, resumed share repurchases, cut costs, and made progress in its film studio business. However, the key item that remains to be addressed is the selection of a successor for Iger as CEO. Recent reports suggest that Josh D’Amaro, chairman of Disney Experiences, is a potential candidate for the role. This development indicates that the succession process is gaining momentum, which could provide much-needed certainty for the company and its investors. The possibility of a successor being named in the near future has positively impacted Disney’s stock performance, with shares up about 1% on Thursday.
In addition to discussing Disney’s progress and the potential succession of a new CEO, the Homestretch update also provides insights into upcoming earnings reports from various companies. Dell Technologies, Lululemon, Ulta Beauty, Marvell Technology, MongoDB, and Autodesk are all scheduled to report their earnings, with Gap also releasing better-than-expected results ahead of schedule for unknown reasons. The Federal Reserve’s PCE Price Index for July, a key inflation gauge, is also set to be released, with expectations for a slight increase compared to the previous month. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim executes trades in his charitable trust’s portfolio, ensuring transparency and adherence to specific guidelines for stock trading.
Overall, the Homestretch update highlights the latest market trends and developments, including Nvidia’s impact on tech stocks, Disney’s progress under Bob Iger’s leadership, and upcoming earnings reports from various companies. The potential succession of a new CEO at Disney is a significant development that could provide much-needed clarity for the company and its investors. The update also provides insights into upcoming earnings reports and the Federal Reserve’s inflation gauge, as well as the guidelines for trade alerts and stock trading within the CNBC Investing Club with Jim Cramer. With a focus on actionable updates and timely information, subscribers to the Investing Club can stay informed and make informed investment decisions in the ever-changing market environment.
