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 rebound: Stocks are making a comeback since the opening lows, led higher by technology and the Nasdaq , which hit another record high. One reason behind the upside reversal may be the bond market. After almost ouching 4.33% on the 10-Year Treasury, yields began to dip and moved back below 4.3%. Honeywell : We’re also downgrading Honeywell to a 2 rating . After more reflection on the company’s third-quarter earnings results , we believe Honeywell’s execution challenges in the last quarter combined with continued softness in its industrial automation business are overshadowing the company’s the company’s efforts to simplify its diversified business portfolio around higher-growing end markets. The company lowered its full-year guidance two quarters in a row — in July, it was for margins, earnings and cash flow, while sales got revised last week — putting the stock in our penalty box. Honeywell also lost another long-time bull in Wolfe Research after the firm downgraded its rating Monday to a hold-equivalent on concerns about another year of sluggish growth. On the other hand, Wolfe upgraded Dover to a buy-equivalent outperform on the same day. We agree that of the two reasonably priced companies, Dover is a better growth story and stock to buy right now. Arrivederci Oleato : Bloomberg reported that Starbucks will permanently remove its Oleato olive oil drinks from its core menu beginning Nov. 7. We don’t think this drink ever caught on with the public following its U.S. rollout earlier this year and won’t be missed. More importantly, this update is perfectly aligned with one of the core tenets of CEO Brian Niccol’s
