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. Banks drive rally: The S & P 500 is on track to close out the week at a record high and is pacing for its fifth straight weekly gain. The market is hitting this level without much help from tech stocks and the Magnificent 7 as the rally broadens out to the financials in response to strong third-quarter earnings from Wells Fargo , JPMorgan , and BlackRock . Price target update: There are a bunch of stocks in the portfolio currently brushing up against our price targets. One stock, Meta Platforms , is currently exceeding our price target. We’ve been waiting for the…
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Oct 17 2024
