CNBC’s Investing Club with Jim Cramer released its weekly update, known as the Homestretch. Stocks took a hit on Thursday due to concerns over economic activity, trade policy, and artificial intelligence investment. Tech stocks were particularly weak, with a Nasdaq close below 18,157 triggering a potential correction.
The USMCA, a trade pact between the US, Mexico, and Canada, has raised hopes for investors. However, President Trump’s delay of tariffs until April 2 did little to alleviate concerns about economic growth. Jobs data on Friday is expected to show a weak February employment report, which may lead to more selling.
To stay opportunistic, Jim Cramer’s Investing Club has been buying stocks in oversold markets. Despite the volatility and rapid changes in headlines, they are taking a gradual approach to investing. The club will continue to monitor market conditions before making further trades.
On Friday, Broadcom and Costco will report earnings, along with Gap and Hewlett Packard Enterprise. The key event of the day is the government’s jobs report, which is expected to show 160,000 nonfarm payroll additions and an unchanged unemployment rate of 4%. As a subscriber to Jim Cramer’s Investing Club, you can expect trade alerts before he makes trades, but please note that no specific outcome or profit is guaranteed.
Source: https://www.cnbc.com/2025/03/06/why-the-stock-market-ignored-trumps-latest-tariff-reprieve-and-how-we-took-advantage.html