The CNBC Investing Club with Jim Cramer provides the “Homestretch,” an actionable update before the final trading hour of Wall Street. On a recent weekday, markets experienced volatility, attempting but failing to sustain rallies as bond market pressures persisted. A brief rally followed a successful $22 billion auction of 30-year Treasury bonds. The S&P 500 remained flat, influenced by the Federal Reserve’s December meeting minutes indicating increased inflation risks. Meanwhile, segments of the market, particularly speculative areas like quantum computing and alternative energy, faced significant declines.
Constellation Energy shares fell over 4% amid reports of its potential $30 billion acquisition of Calpine. This potential deal signifies a rebound in corporate mergers and acquisitions as expectations rise for reduced antitrust scrutiny under President-elect Donald Trump. The Investing Club has shifted its banking investments, exiting Morgan Stanley to bolster positions in Goldman Sachs and BlackRock.
Looking ahead, Jefferies Financial Group’s earnings report will provide insights into the broader financial services sector, while the following day promises key earnings from Constellation Brands, Delta Air Lines, and Walgreens Boots Alliance, alongside the December nonfarm payroll report, which may impact market movements.
