**Jim Cramer’s Investing Club Releases Homestretch Audio Feature**
The CNBC Investing Club with Jim Cramer has just released its latest Homestretch audio feature, just in time for the last hour of trading on Wall Street. The Homestretch discusses the latest market moves and offers insights into the Club’s recent trading activities.
**Tech Stocks and the Magnificent 7**
In today’s edition of the Homestretch, Jim Cramer discusses the performance of the Magnificent 7 and tech stocks, which are experiencing some downward pressure. Cramer mentions that apart from yields inching higher, there isn’t any specific cause for the recent moves lower in these sectors.
Earlier this week, the Club made some trading decisions, including right-sizing their positions in Meta Platforms (META) and Alphabet (GOOGL) after both stocks saw an uptick following their earnings reports. By trimming these stocks, the Club was able to free up cash to build up their position in quality companies like Eaton (ETN).
**New Opportunities in Industrial Sector**
The Club also made moves in the industrial sector, trimming their position in Emerson Electric (EMR) to buy into machinery manufacturer Eaton. Cramer sees Eaton as a good growth stock in the industrials sector, with exposure to key markets such as data centers, industrial and residential buildings.
**Bank Stocks and Consumer Goods**
Meanwhile, bank stocks saw upward movements in midday trading. Cramer expressed his thoughts on the sector, highlighting Wells Fargo (WFC) as a buy and recommending to buy Morgan Stanley (MS) aggressively due to its cheap valuation and solid dividend yield.
In the consumer goods sector, Estee Lauder (EL) made a comeback, but Cramer cautioned that it’s not a buy for now due to the slowdown in China affecting high-end cosmetics sales. Cramer expressed hope for a potential consumer-focused stimulus program in China to boost the economy and consumer activity.
**Trade Alert for Subscribers**
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive a trade alert before any trade is made. Cramer adheres to a waiting period of 45 minutes after sending a trade alert before executing a trade, and 72 hours after discussing a stock on CNBC TV.
The Club emphasizes that all information provided is subject to their terms and conditions, privacy policy and disclaimer, and that no fiduciary obligation or duty exists, or is created, by virtue of receiving any Club information. No specific outcome or profit is guaranteed.
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