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. Market update: Stocks are kicking off the new week in positive territory, bouncing back from an early dip sparked by fresh tariff threats targeting Mexico and the European Union. The market is largely brushing off the trade drama for now, anticipating trade agreements will be reached ahead of the Aug. 1 deadline. More Meta AI spend: Meta Platforms CEO Mark Zuckerberg outlined some of his ambitious AI infrastructure plans to support the company’s superintelligence efforts through a series of posts on his social media platform Threads. Zuckerberg said Meta plans to invest “hundreds of billions of dollars” on compute to build superintelligence. He highlighted two major GW (gigawatt) data center clusters called Prometheus and Hyperion, and touted several more in the works, including one that is so large it would cover a significant part of Manhattan. The Manhattan-sized project isn’t news — he spoke about it on the company’s earnings call in January. These posts, along with the company’s aggressive push to recruit AI talent from rivals, underscore how committed Meta Platforms is to becoming a leader in AI. It’s also one more reminder that AI investments go beyond Nvidia chips: it requires a ton of investment in electrical equipment, power generation, and other industrial components to support these massive projects. To this point, President Donald Trump is expected to announce $70 billion in AI and energy investments in Pennsylvania on Tuesday. Amazon: Despite a bunch of unconfirmed reports that Amazon was having a bad Prime Day — the online retailer’s sales event that ran July 9-11— the company said Saturday it was its biggest Prime Day event ever with record sales and more items sold than over any other four-day period. Up next: Tuesday marks the official start of second quarter earnings season with several big banks scheduled to report. In the portfolio, we’ll see earnings from Wells Fargo and BlackRock. Other major earning reports are JPMorgan, Citigroup, Bank of NY Mellon, and State Street. It’s a key day for economic data, with the June Consumer Price Index report set to be released. According to FactSet, the index is expected to rise 0.3% month over month and 2.6% year over year (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.
