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. Market moves: The S & P 500 was higher Monday. That would put the broad market index on track for its first back-to-back positive sessions since Feb. 18 and 19, the latter of which was the last time it closed at an all-time high. The bounce Monday comes despite weakness across the “Magnificent Seven.” Five of the seven constituents were lower, with Tesla leading to the downside. Microsoft and Apple were in positive territory. We own six of the Mag7: Microsoft and Apple as well as Alphabet , Amazon , Meta Platforms , and Nvidia . In his Sunday column, Jim Cramer wrote about why he thinks the Mag7, excluding Tesla, can rise from the ashes. Shares slide : Club name Capital One and Discover dropped sharply in afternoon trading. An article posted by media outlet The Capitol Forum reports that attorneys general from New York and California are leading a group of states considering antitrust action to block the deal. That’s all we know right now. The report is behind a paywall. We’re working to get a copy. This story may be noise but we think it would be imprudent to take action without first reviewing the report. Bear in mind, credit card issuer Capital One’s proposed $35 billion acquisition strengthens Discover, the smallest of the four major payment networks, and would allow the combined entity to better compete against heavyweights Mastercard and Visa as well as American Express . Tracking GDP : The Atlanta Fed’s GDPNow forecast for the first quarter was negatively revised to a 2.1% contraction from its last update of down 1.6% on March 7. The model – which provides a running estimate of annualized quarter gross domestic product growth – was updated to include recent major economic releases like the latest monthly consumer price index, Treasury Statement, producer price index, and retail sales, which was released Monday. It’s good to remember that this is only one model of GDP. Others are estimating different figures. But what remains clear is that the economy got off to a slow start in 2025. Energy and trade : Tariffs and trade policy remain an important focus for the market as it tries to handicap how uncertainty could slow business decisions and activity down. There’s been a reprieve in new headlines so far Monday with President Donald Trump not offering any new posts on the topic on his Truth Social. However, the president’s post about holding Iran responsible for any new attack made by the Houthis may be contributing to slightly higher oil prices. The energy sector was the top-performing sector on the day and right behind health care for the best-performing sector year to date. Up next: No major earnings after Monday’s closing bell or Tuesday’s open. On the data side, housing starts and building permits are out at 8:30 a.m. ET. The latest housing data comes after homebuilder sentiment weakened further in March, according to the National Association of Home Builders housing market index. Released Monday, the index fell 3 points in March to 39, representing its lowest level in seven months. And of course, there should be plenty of Nvidia AI-related headlines to devour as the company kicks off its annual GTC conference on Tuesday, with CEO Jensen Huang delivering his keynote address at 1 p.m. ET. Jim is out West to cover the event and speak with Jensen for “Mad Money” on Wednesday evening. (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.
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.
