Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. It has been a resilient week so far for stocks, especially for tech and most of the Magnificent Seven (excluding Apple and Tesla) , while the “broadening out” small-cap trade has taken a back seat. Thursday’s CPI print is the next market test. Jim is back from the JPMorgan Healthcare Conference in San Francisco. He discussed his thoughts about his time there and what’s happened in the market the past couple of days. Jim interviewed many healthcare CEOs and execs at the conference and said almost all his discussions were centered around the GLP-1s weight loss drugs. “Every company feels they have to be in this,” Jim said. He forecasts this is going to become a $100 billion market very quickly and be the “largest [drug] category in history.” This is such a “tidal wave” that people are afraid to ignore Jim said. Another theme was mergers and acquisitions, setting up the stage for a ripe dealmaking environment. Jim said this level of excitement is good for Club name Danaher as these new partnerships will demand new bioprocessing equipment. It’s also good for Morgan Stanley because there should be a lot of biotech companies that seek to go public with the bank facilitating those deals. “Capital markets will be much more kind to biotech very soon,” Jim said. (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.
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