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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: The S & P 500 is muted on Wednesday, trading within a relatively tight range, as investors digest a powerful rally over the past two sessions that was fueled by easing trade tensions with China and significant trade agreements in the Middle East with a focus on artificial intelligence infrastructure. Deal flow: President Donald Trump visited Qatar on Wednesday to announce a sweeping economic agreement valued at $1.2 trillion, according to the White House’s fact sheet . The aerospace and defense sectors were a big winner, with Bullpen member Boeing and GE Aerospace securing substantial orders from Qatar Airways, and RTX landing a $1 billion contract for counter-drone systems. Another notable win came from Parsons , who was awarded 30 projects worth up to $97 billion. Meanwhile, Club name Honeywell also is involved through its majority-owned quantum computing company, Quantinuum. Quantinuum finalized a joint venture with a Qatari firm, AI Rabban Capital, committing up to $1 billion to invest in quantum technologies and workforce development in the U.S. While this deal may not significantly impact Honeywell in the short term, it could support future plans to take Quantinuum public, a move reportedly under consideration within the next two years. Nvidia green: The spate of Qatar announcements follows the flurry of agreements with Saudi Arabi unveiled Tuesday, which included a big deal for Club name Nvidia’s AI chips. That news sent pushed Nvidia’s stock higher Tuesday, and the momentum is continuing Wednesday — so much so that Nvidia has fought back into positive territory on a year-to-date basis for the first time in months. It’s been a wild ride this year for the AI chipmaker, but it is now one of three “Magnificent Seven” names to be in the green for 2025. Fellow Club names Meta Platforms and Microsoft are the others. Stock reversal : Capital One gave up its early gains after the New York Attorney General filed a lawsuit accusing the bank of misleading customers about interest rates on savings accounts. We’re monitoring the lawsuit, but what matters most to us is that this will not affect the Discover Financial merger, which remains on track to be completed on May 18. As we discussed in the Morning Meeting, even with Capital One’s strong rebound to $200 per share, we believe the significant benefits of this highly accretive acquisition are not yet fully priced into the stock. Up next: It’s a big earnings night for the enterprise tech and AI trade, with Cisco Systems and CoreWeave reporting after the closing bell. And before the opening bell Thursday, we’ll see earnings from retail giants Walmart and Alibaba , as well as farm equipment maker Deere and sandal maker Birkenstock . There is a slew of economic data reports Thursday, with April retail sales, the producer price index, the New York Federal Reserve’s monthly manufacturing survey, and weekly jobless claims all due out before the opening bell. (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.
