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. Rally winners : We’re looking at a market that’s higher Thursday. A lot of has to do with tech and still have a decline in yields which is getting this market going. A lot of the move is clearly in technology which is bolstered by Taiwan Semiconductor Manufacturing Company , which is moving semiconductor stocks. That helped push Apple shares higher too. The stock also caught an upgrade from Bank of America. Jim is concluding that Club holdings Apple and Nvidia are the “most obvious” winners of the tech rally. Layoffs : Shares of Alphabet moved higher after the company announced more layoffs coming this year. Many tech companies over-hired during the Covid pandemic but now they’ve been right-sizing that through layoffs. Amazon also announced layoffs in Prime Video and MGM Studios last week. Jim observed that in this continued era of efficiency, once again if companies downsize, their stocks go higher. Disney fight : This brings up the topic of accountability at the corporate level. This leans into what Nelson Peltz said earlier Thursday. Jim said, Disney ‘s board “needed a wakeup call.” He added, “I’m thrilled that Nelson is in there” fighting for seats. “We need a change agent. The stock has done nothing,” Jim argued. There are a lot of heavyweights on the board but “it seems dysfunctional to me,” he added. This is not the end of the discussion between Peltz and Disney. Club movers : The consumer staples moved lower, pushing Procter & Gamble down. The stronger dollar and foreign exchange headwinds have hurt the company. Ford and Eli Lilly also ticked lower. On the upside, shares of Wynn Resorts , Broadcom and Meta Platforms moved higher. (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…
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