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 is on track for its fourth straight session of gains, extending its run to record highs. Earnings are the main story of the day, especially from companies tied to artificial intelligence. Semiconductor maker Marvell Technology is one of the biggest gainers in the market thanks to strong sales of its custom AI chips and a forecast of accelerating revenue growth. Marvell’s gains are spreading across the semiconductor group, lifting shares of Club stocks like Broadcom , Nvidia and Advanced Micro Devices , as well as other companies like Micron , which makes memory chips. Software stocks also are having a day in reaction to the 9% move in Salesforce after its quarter Tuesday night . Although Salesforce’s results were generally in line, the company’s bullish Agentforce update has many believing it can get back to double-digit topline growth. We raised our price target on the stock to $400 a share in response to the quarter. Tools and tariffs: At an investor conference Wednesday, Stanley Black & Decker CFO Patrick Hallinan outlined the toolmaker’s strategy to manage potential headwinds under another Donald Trump presidency. It was a similar strategy management outlined at its capital markets day on Nov. 20. Hallinan said that if Trump’s vows for higher tariffs are implemented, Stanley Black & Decker plans to blunt the impact of the levies by repositioning its supply chain, shifting production away from China and raising prices to offset additional costs. The finance chief reiterated his previous forecast that Trump’s threat of 60% tariffs on Chinese goods could hit the company’s pretax operating income by roughly $200 million per year. Last month , the company forecasted a 12-to-24 month timeline to mitigate a significant portion of the potential tariff increase through supply chain changes.
