Every weekday, the CNBC Investing Club with Jim Cramer publishes Homestretch, a helpful afternoon update just in time for the final hour of trading on Wall Street. (We will no longer be recording audio, so we can get this new written feature to members as quickly as possible.) As we prepare for the CNBC Investing Club annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of the day's portfolio moves. “Ford looks really interesting as the EV market slows down,” Jim said. One of the key takeaways from Ford's fourth quarter was a bigger push into hybrid vehicle production with a pullback in spending on electric vehicles. “Disney's strategy is too much like Warner Bros. Discovery for my taste,” Jim said. “They need some kind of change agent there,” he added, alluding to the proxy battle between Disney and Train's Nelson Peltz. “In all this talk you lose Costco's continued strength. I think we can maintain it,” Jim said. “But I think Stanley Black & Decker has become too cheap compared to everything else in the industry.” “I don't want to get too excited, but the way Starbucks and Estee Lauder trade is like China has hit rock bottom,” Jim said. We'll be looking at many more stocks from the Club's portfolio during Saturday's meeting, which members can watch live starting at 1:30 pm ET on our website. Conference Call Update: Coterra Energy reported its earnings Thursday night, but held its conference call on Friday morning. The main conclusion of the call was that the oil and natural gas producer has a lot of flexibility to transfer the investment to where it generates the highest return. By 2024, that means reducing natural gas production and focusing on oil. While the near-term fundamentals around natural gas appear bleak, management is optimistic about the outlook 12 to 18 months from now. The main reason: A large amount of new LNG export capacity is expected to come online between the end of the year and early 2025. This, along with the possibility of cold weather, gives the team hope for a price recovery. Coterra plans to closely monitor the commodities market and will be ready to act when gas fundamentals improve. But in the meantime, he plans to maintain discipline. After all, it is difficult to predict how long declines in commodity cycles will last. “We will be patient and watch the recovery in the gas macroeconomy,” CEO Tom Jorden explained. He added that the company would prefer to wait a few months to recover before investing too soon. We appreciate this focus on returns rather than chasing production and activity. Club earnings: Two portfolio companies are scheduled to report next week. Both are due out on Wednesday: discount retailer TJX Companies before the opening bell and business software giant Salesforce after the closing bell. Outside of the portfolio, some of the most interesting earnings reports will come from Elanco Animal Health, Unity, Zoom, Lowe's, American Electric Power, Cava, Snowflake, Paramount Global, Best Buy and Zscaler. Economic calendar: The data likely to have the most influence on the bond market is the Federal Reserve's favorite inflation indicator: the personal consumption expenditures (PCE) price index. (See here for a complete list of Jim Cramer's Charitable Trust holdings.) 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 fund'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 INVESTMENT 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 THE RECEIPT OF ANY INFORMATION PROVIDED IN RELATION TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
Every weekday, the CNBC Investing Club with Jim Cramer publishes Homestretch, a helpful afternoon update just in time for the final hour of trading on Wall Street. (We will no longer be recording audio, so we can get this new written feature to members as quickly as possible.)
