Every weekday, the CNBC Investing Club with Jim Cramer provides the Homestretch, an actionable afternoon update for the last hour of trading on Wall Street. They have stopped recording the audio to deliver this new written feature to members more quickly.
The S&P 500 started the session with a rally but is struggling to maintain its gains. This marks two consecutive days of late-day fades, possibly due to the market trying to stay neutral before Friday’s jobs data. There is also speculation about the market reacting to the recent increase in oil prices.
The upcoming jobs report will reveal the latest numbers in the labor market, with some concerns about negative revisions in previous months impacting market sentiment. Ford has announced a shift in strategy, delaying production of new all-electric vehicles to focus on expanding hybrid offerings.
Ford CEO, Jim Farley, has emphasized the importance of profitability and capital allocation, leading the company to increase its focus on hybrid vehicles – a strategy that saw a 42% increase in sales in the first quarter. The market reacted positively to Ford’s strategy, with a slight dip after the market slowed down from its momentum on Thursday.
As a subscriber to the CNBC Investing Club, members receive trade alerts before Jim Cramer makes a trade. There are specific waiting periods before trades are executed, ensuring transparency and adherence to the club’s terms and conditions, privacy policy, and disclaimer.
The CNBC Investing Club with Jim Cramer offers a daily written update called the Homestretch, providing actionable information for the last hour of trading on Wall Street. The S&P 500 has been struggling to hold onto gains, possibly due to concerns about rising oil prices and the market sitting at neutral ground ahead of Friday’s jobs data. Ford has announced a shift towards hybrid vehicles, delaying production of new all-electric models. This move aligns with CEO Jim Farley’s focus on maximizing profits and cash flow in response to slowing EV demand and pricing power. As a subscriber, members receive trade alerts before Jim makes a trade, following specific guidelines outlined in the terms and conditions of the club. No specific outcome or profit is guaranteed.
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