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. Stocks were lower Wednesday as U.S. oil prices climbed more than 5% and traded back in the high-$80s. The S & P 500 , however, did move in a much tighter range than it did in the prior volatile session. Tuesday was defined by the knee-jerk reactions to multiple — and often conflicting — headlines about the status of the Iran war and the ability for oil tankers to pass through the Strait of Hormuz. The extreme volatility was why we sat on our hands all day. But now that the market has finally become oversold, according to the S & P Short Range Oscillator , and international organizations are releasing oil reserves in historic quantities, we want to be more constructive about putting new money to work. We bought more Procter & Gamble earlier Wednesday on a recent dip in the stock, which had shot higher at the start of 2026. One of the risks of the Iran war is increased cyber threats, as we pointed out Tuesday in our defense of CrowdStrike stock. Early reports suggest one such breach may already have occurred. According to The Wall Street Journal , medical device company Stryker experienced a global systems outage, and it may have been tied to an Iranian-linked hacking group. This development highlights why companies cannot afford to pull back on cybersecurity spending on best-of-breed operators like CrowdStrike and Palo Alto Networks , even when geopolitical tensions create economic uncertainty. There are no significant earnings after Wednesday’s closing bell. On Thursday morning, Dick’s Sporting Goods and Dollar General are set to deliver their quarterly results. On the data side, it’s housing starts and building permits. The market may also be sensitive to Thursday’s weekly look at initial jobless claims following last week’s weak February jobs report. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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 trust’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 INVESTING 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 YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
