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Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. S & P 500 record: The market gains have picked up steam since the Morning Meeting, sending the S & P 500 to an all-time high. It’s still a large-cap over small-cap day, but Wall Street’s rally broadened out Friday to areas beyond the Magnificent Seven and technology. This comes despite the market no longer betting that the first Federal Reserve interest rate cut will come in March due to continuing positive economic data. Wine sale : Consumer staples were lower Friday, but we are selective within this sector. One of our names in the group is Constellation Brands . The Mexican beer leader is going to be selling its wine and spirits business, according to Jim Cramer and his sources. When it does, Jim said Friday the stock will go up. At that time, we may want to sell on that catalyst. Portfolio movers: Shares of Broadcom were higher after Goldman Sachs reinstated coverage with a buy. Nvidia is also higher after Meta Platforms said it plans to have 350,000 H100 GPUs the end of this year. Wells Fargo made a move to the upside too but still trading slightly below its pre-earnings level. Danaher was up even after last week’s disappointing update on the timing of when bioprocessing orders will inflect, Our only stocks down 1% or more were Foot Locker and Estee Lauder . Next Week: Earnings season continues. In the portfolio, Procter & Gamble is out Tuesday . Our January Monthly Meeting for Club members is on Wednesday at noon ET. In terms of economic data, look for December’s core personal consumption expenditures price index on Friday. The so-called PCE deflator is the Fed’s favorite inflation gauge. (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.
