The Homestretch from the CNBC Investing Club with Jim Cramer is in, and it’s a bullish week for the market. Apple shares are leading the charge, climbing over 4% on Friday to reach their highest levels since “Liberation Day” on April 2. The tech giant’s strong performance is attributed to its return to good graces with President Donald Trump, who has imposed tariffs on foreign electronics. Apple’s $100 billion investment commitment to US manufacturing has helped alleviate concerns about the tariff threat.
This week’s surge puts Apple shares on pace for their third-best weekly performance in the past decade. The company’s shares have crossed over their 200-day moving average, a positive technical milestone. This development is seen as a significant improvement from last week’s strong earnings report, which had also boosted investor sentiment.
However, another market move worth noting is the potential IPO of government-controlled mortgage giants Fannie Mae and Freddie Mac. According to reports, at least some officials in the Trump administration are discussing values for the companies in the ballpark of $500 billion or more. This would be one of the largest IPOs in US stock market history.
In other news, the IPO market is heating up, with 26 new listings in July and seven already this month. The CNBC Investing Club will provide trade alerts before Jim Cramer makes a trade, but no specific outcome or profit is guaranteed. As always, investors should keep in mind that there’s no fiduciary obligation or duty to invest in the club’s charitable trust portfolio.
Source: https://www.cnbc.com/2025/08/08/apples-reversal-of-fortune-continues-and-a-historic-stock-offering-may-be-in-the-works.html