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: Stocks are relatively muted on Monday, with the S & P 500 giving up modest earlier gains and turning lower. If the broad index squeezes out a gain Monday, it would mark its sixth straight positive session and another record close. Monday’s action could be described as the calm before the storm. Over the next few days, the market is going to digest a slew of major headlines , including earnings reports from about one-third of the S & P 500, a Federal Reserve policy announcement, and the July nonfarm payrolls report. As we look ahead to this week’s earnings reports from the leading AI hyperscalers — Club names Meta Platforms , Microsoft , and Amazon — our focus will be on answering two questions. The first: Does revenue growth justify the elevated levels of spending? Secondly, will full-year capital expenditure outlooks, particularly for AI infrastructure investments, be increased due to robust long-term demand signals? Last week, we heard from Google parent Alphabet that it was upping its capex guide for 2025 to $85 billion, an increase of $10 billion from prior guidance. Trade talk : The news flow surrounding the Trump administration’s Friday tariff deadline remains positive—or, at the very least, free of setbacks — as the U.S. and European Union reached an agreement over the weekend. Tariffs on goods imported to the United States are here to stay, likely in the 15% to 20% range, according to President Donald Trump. But on the flip side, trade deals are opening up market access for U.S. exporters and reducing the risk of sudden escalations that can drive supply chains crazy. Up next: Some notable companies reporting after the closing bell on Monday are Celestica , Waste Management , Cadence Design Systems , Whirlpool , and Veralto . Before the opening bell on Tuesday, we’ll hear from Boeing , UnitedHealth Group , SoFi , PayPal , United Parcel Service , Spotify , Merck , Nucor , Procter & Gamble , and Carrier . On the data side, there’s JOLTS Job Openings and the Conference Board Consumer Confidence index. (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.
