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. Stocks were trading higher to start the new trading month. The S & P 500 was on pace to break a three-session losing streak and make a new record closing high. There was some fear early in the session that the selloff in crypto over the weekend and precious metals like gold and silver on Friday would spill into the broader stock market. But those volatile moves in those markets were contained. President Donald Trump announced on Monday that the United States and India have agreed to a trade deal that will reduce each country’s tariff rate. Trump also said in a Truth Social post that India pledged to buy over $500 billion of U.S. products, including energy, technology, agriculture, and coal, and agreed to stop buying oil from Russia. The industrials were near the top of the leaderboard on Monday for a couple of reasons. One was added certainty in the AI data center spending buildout after Oracle ‘s plan to raise as much as $50 billion was positively received by investors. Also, doubt in OpenAI’s ability to fund its obligations eased over the weekend after Nvidia CEO Jensen Huang pushed back on reports that indicated his plan to invest in OpenAI was in jeopardy. Another reason for the upward move in the industrials was the ISM Manufacturing PMI report, which showed that economic activity in the manufacturing sector expanded in January for the first time in 12 months. The index rose to 52.6 from 47.9, marking its highest level since 2022. The index for new orders, production, employment, and prices also increased from December. Susan Spence, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee, chalked up some of January’s strength to it being a “reorder month after the holidays,” but we’re still taking it as a win. The manufacturing rebound aligns with what we heard last week from diversified industrial company Dover , which reported its best quarter of revenue and bookings growth of the year. The company also stated that it does not expect any individual end market to experience a decline in 2026 compared to 2025, suggesting an inflection point to the broader industrial company is here. Economic data was a positive catalyst Monday, but we also learned that the most important data point of the week has been delayed. The Bureau of Labor Statistics said the January jobs report will not be released this Friday due to the government shutdown. While delayed economic data could make the Fed’s job more difficult, the near-term risk looks limited given that the next policy meeting isn’t until mid-March. Up next after Monday’s close are earnings from Palantir , Teradyne, NXP Semiconductors, and Simon Property Group after Monday’s closing bell. Eaton , PayPal, PepsiCo, Merck, Pfizer, Archer-Daniels Midland, Hubbell, and Gartner report before Tuesday’s open. (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.
2 reasons industrial stocks are among the leaders of Monday’s market rally
Feb 2, 2026
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