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 climbed Wednesday on optimism that tensions between the United States and Iran will continue to ease. The U.S. reportedly offered Tehran a 15-point peace plan, but it’s facing some resistance on the Iranian side. Oil dropped a few dollars per barrel — global benchmark Brent crude was trading around $102 — while bond yields fell, too. Elsewhere in geopolitics, the White House said President Donald Trump plans to meet Chinese President Xi Jinping in China in May. When the two parties meet, we expect a sizable order of Boeing jets to finally be announced. It would be Club name Boeing’s first major order from China in almost a decade, Reuters reported earlier this month . Every sector but energy traded higher on Wednesday, with materials, consumer discretionary, and industrials leading the way. Health care also outperformed thanks to a strong move in drug stocks like Club name Bristol Myers Squibb , which rallied over 2.5%. In technology, the red-hot memory chip stocks dropped after Google announced a new compression technique that its researchers claim can reduce the memory costs for large language models and vector search engines. For Google, this innovation could be an incremental positive for the company if it allows them to save on compute costs. Honeywell shares rose more than 2% after it announced it signed what it called a
