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 are chugging along to new record highs again. Pockets of the tech trade are continuing to surge, with Lumentum , Coherent , Corning , Western Digital , Micron , Seagate , Qualcomm , and Qnity Electronics all up 5% or mor...
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 are chugging along to new record highs again. Pockets of the tech trade are continuing to surge, with Lumentum , Coherent , Corning , Western Digital , Micron , Seagate , Qualcomm , and Qnity Electronics all up 5% or more. Energy stocks traded higher alongside oil after President Donald Trump said the Iran ceasefire is "on life support" after an "unbelievably weak" counterproposal to end the war. Consumer-related stocks were pummeled, with many travel and leisure, retail, and apparel names, including TJX Companies and Nike , down a few percentage points. Investors are likely feeling anxious about the potential impact of rising energy prices. With the Consumer Price Index expected to show another sizable month-over-month increase on Tuesday, we're beginning to hear more discussion from the White House about efforts to improve affordability. Trump told CBS that he supports suspending the 18.4-cent-per-gallon gasoline tax until prices come back down, a move that would require congressional approval. The administration is also planning to reduce tariffs on beef imports for a limited time, according to the Wall Street Journal. We're getting more clarity on which CEOs and business leaders will accompany Trump on his trip to China . The list includes executives from Boeing , Apple , Tesla , Meta Platforms , BlackRock , Goldman Sachs , GE Aerospace , Cargill, Illumina , Visa , Micron , Coherent , Blackstone , Citigroup , and Mastercard , CNBC reports. Absent from this list is Nvidia CEO Jensen Huang, who said on Mad Money last week that "it would be a great honor to represent the United States" if invited. As we wrote last week, the stakes are high for Boeing. A successful meeting is critical to securing an order that could total up to 500 aircraft. Analysts at Bank of America, who have a buy rati...