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: Stocks are mostly lower on Thursday, with the S & P 500 and Nasdaq pulling back from their record highs. The decline in the S & P 500 would wipe out most of this week’s gains. The AI trade is mostly lower, although megacap tech names like Nvidia and Oracle pushed higher. Nvidia received a new Street high price target of $300 by analysts at Cantor Fitzgerald, which had a meeting with the chipmaker’s management team this week. Defensive groups like consumer staples and health care outperformed in the session, while the materials, industrials, energy, and consumer discretionary led the market lower. Turning around : On Thursday, we received one of our favorite sell-side research reports of the year: the fall 2025 edition of Piper Sandler’s
