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: Stocks pulled back for the second session in a row following the S & P 500 ‘s record close last Thursday. But they were off their worst levels of Tuesday’s session. Bond yields were moving higher —which the stock market does not like — and the selling was most pronounced in technology and AI-related names, as well as industrials, financials, and consumer discretionary. Defensive, non-cyclical groups like consumer staples and health care were outperforming the broader market. Energy was too, thanks to American oil benchmark West Texas Intermediate crude hitting its highest level since early August. Monthly sales: Costco is expected to report August sales after Thursday’s market close. Wall Street firm Gordon Haskett on Tuesday increased their core same-store sales growth estimate for the five-week period to 7% from 4%. The analysts also see total August reported comps up 6.5%, which would represent a slight uptick from up 6.4% in July. We’ll see what happens when the numbers come out, but this is a value-driven economy when it comes to the consumer, and no retailer offers more value to its customers than Costco. The company also has a business model that performs well in any type of economy, explaining why the stock was barely lower on Tuesday despite the market’s weakness. Refuting rumors : Nvidia Newsroom, the verified account on X, refuted media claims that the chipmaker was supply-constrained and sold out of its H100 and H200 chips. The tweet read: “As we noted at earnings, our cloud partners can rent every H100/H200 they have online — but that doesn’t mean we’re unable to fulfill new orders. We have more than enough H100/H200 to satisfy every order without delay. The rumor that H20 reduced our supply of either H100/H200 or Blackwell is also categorically false — selling H20 has no impact on our ability to supply other NVIDIA products.” We are not sure where this rumor started, but we’re glad to see Nvidia quickly quash claims that the H20, which is a modified AI chip designed for China, is somehow limiting the supply of its high-demand H100 or Blackwell products. The stock has been under pressure since the start of the session, but recovered some losses shortly after the statement was posted. Up next: Zscaler reports earnings after Tuesday’s close. Dollar Tree , Macy’s , and Campbell report their quarterly results before Wednesday’s opening bell. On the economic data side, weekly mortgage applications, the government’s monthly job openings survey, factory orders, and durable goods orders are out on Wednesday. (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.
The best and worst in Tuesday’s down stock market — plus, Nvidia quashes rumors
Sep 2, 2025
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