Every weekday, Jim Cramer's CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (We are no longer recording audio, so we can get this new article to our members as quickly as possible.) Markets volatile: After a bearish attempt at an oversold rebound in the morning; Market pressure intensified midday, sending stocks into the red as investors remained concerned about what would happen next following events in the Middle East over the weekend. Continued concerns about persistent inflation and rising interest rates also clouded the picture. There's nothing the market hates more than uncertainty, so stocks struggled to sustain their early gains. Focus on the bottom line: The good news is that we're about to enter earnings season, so it's a good idea to hear directly from management and get their insights into how current events and economic crosswinds are impacting the company. It gives you an opportunity to get ideas. Earnings season is when the best companies with strong fundamentals and positive outlooks stand out from the pack, which is why doing your homework is so important. This week, including Monday, approximately 40 S&P 500 constituents and six Dow Jones Industrial Average constituents are scheduled to report. Next up: Morgan Stanley reports before the opening bell on Tuesday. Strong quarters at Goldman Sachs and Charles Schwab bode well for Morgan Stanley, but Club Holding Company allays concerns over investigations into its wealth management business, putting the unit back on track after several lackluster quarters in a row There is a need. Sector Scorecard: As of approximately 2:15 p.m. ET, nearly all 11 sectors of the S&P 500 were down solidly. The only exception is healthcare, which has remained close to flat. The sector has spent time both in green and slightly in the red. The group is mainly supported by weak insurance stocks, although some companies in the sector, such as pharmaceutical company Eli Lilly, were slightly positive. Abbott Laboratories' trading is basically flat. However, healthcare has defensive growth characteristics, so it's not too surprising that it has held up better than other sectors. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer's CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust's portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
Every weekday, Jim Cramer's CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. (In order to get this new written feature to our members as soon as possible, audio recordings will no longer be made.)
