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’s been a volatile afternoon as stocks briefly gave up its morning gains but have since recovered. The market is being pulled in opposite directions off the good economic news from the jobs report and the weaker data from the ISM Services Index. “The mindset of this market is, ‘I got a chance to get out, not I got to get back in,'” Jim Cramer said Friday. “It’s a silly reason to sell.” Constellation Brands stock is on the move higher after the beer, wine and spirits manufacturer delivered a strong earnings print driven by demand for its premium beers. But its wine & spirits business continues to be a drag as the industry is seeing aggressive discounting. We have called for management to divest this business. It’s important to mention that the company’s best performance is in the summer months so we were expecting a tamer third quarter. We’re going to hold the stock because we also like the company’s partnership with activist firm Elliot Management who is helping steer management in the right direction. CEO Bill Newlands is on Mad Money tonight. Other top performers in the portfolio include Nvidia as hype builds ahead of annual CES technology conference next week held in Las Vegas. Wells Fargo is also higher, continuing its good start to the year. The bank reports earnings next Friday. Shares of Stanley Black & Decker trended higher after Barclays raised its price target to $110 from $105. Foot Locker is up Friday too but has had a bad week with the stock down 5%. On the downside, Humana shares fell Friday as other providers have been updating their 2024 enrollment Medicare Advantage expectations. For example, CVS raised their’s today. But Humana has been silent and that’s causing some uneasiness in the market. But HUM stock is at a cheap valuation so we’re sticking with it. Shares of Estee Lauder and Procter & Gamble are falling alongside many other consumer staple stocks. Danaher and Honeywell also pulled back. (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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