Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : The S & P 500 on Tuesday hit another all-time intraday high and was headed for a record close. Investors didn’t seem too bothered by President-elect Donald Trump ‘s new tariff threats Monday evening. The tech-heavy Nasdaq was also higher on Tuesday but still more than 1% away from its all-time high on Nov. 11. Coming off a record-high close Monday, the Dow Jones Industrial Average was pretty much flat in afternoon trading. It was being held back by Dow component Amgen . Shares of Amgen dropped nearly 8% on Tuesday after mid-stage trial results on the biotech company’s experimental weight loss drug came in on the low end of expectations. The news boosted shares of Club name Eli Lilly by nearly 5%. Lilly and rival Novo Nordisk pretty much own the current market for obesity treatments. Lilly was our top-performing stock on Tuesday. The Club’s worst performer of the day was Best Buy whose shares dropped 6% after a weaker-than-expected quarter and disappointing guidance. The electronics retailer did, however, say that early November sales were solid heading into the holiday shopping season. We knew the numbers were going to be weak. Jim Cramer’s advice? Don’t buy Tuesday’s dip. He said he would buy if shares were to drop into the $70s. Tariff talk: It’s too early to pull the trigger and buy Constellation Brands on weakness, despite the Modelo and Corona brewer being one of our worst-performing stocks on Tuesday. Shares were down more than 3.5% in the session, likely in response to Trump’s threat to impose a 25% tariff on goods from Mexico shortly after taking office. Trump also said Monday evening that he would issue the same sized levy on Canadian imports, along with an additional 10% tariff on products imported from China. If Trump were to follow through, the exact impact on Constellation would be unclear. In a recent interview with Jim, CEO Bill Newlands noted tha t Constellation was successful during Trump’s first term .
