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. Taking a breather: The major averages are bouncing around the flat line in afternoon trading as investors look ahead to Friday’s monthly jobs report. The broad market S & P 500 was down 0.08% after setting a new intraday record high just after the opening bell. We’re looking at a pretty bifurcated market, with five sectors in the green (consumer discretionary, communication services, consumer staples, energy, and heath care) and 6 in the red (utilities, industrials, technology financials, materials, real estate). Salesforce bounce back: The big winner in the portfolio Thursday is Salesforce , the enterprise software company that continues to bounce back from a vicious post-earnings pullback last week. Aiding the stock’s recovery is news that ValueAct CEO and Salesforce board member Mason Morfit purchased another 428,000 shares of CRM on Monday, increasing the firm’s stake to just over 3.9 million shares, worth nearly $1 billion. ValueAct initiated a stake in the company in late 2022, just as several other activists were also looking to pressure the company into focusing on more profitable growth.
