Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. The S&P 500 and Nasdaq fell for the third consecutive session as the rotation from tech markets to less flashy areas of the market continued. Thursday’s 1% decline in the S&P 500 index pushed it into the red for the year. The Nasdaq’s 1.4% decline pushed the index further into negative territory in 2026. Bitcoin and silver crashed, with little effect as investors bought bonds for safety. For the club, consumer and healthcare-related stocks worked in our diversified portfolio. Bristol-Myers Squibb, which reported a nice beat and raise, led the company with a stock gain of about 3.5%. Procter & Gamble was again among the club’s gainers, rising 1% during the session. Unsurprisingly, Salesforce fell another 4.5%. Enterprise software stocks have tumbled recently on concerns that companies will be able to use artificial intelligence tools to build the platforms they used to pay enterprise software like Salesforce to develop. They were trying to recover until Anthropic came out with a modern AI model that turned out to be better at coding. Alphabet shares were still down more than 1.5% in afternoon trading, but they were well below the day’s lows. This stock should not have been penalized as it was earlier Thursday. Because the company accomplished just about everything we care about Wednesday evening. So it’s a great quarter with strong cloud growth and that big AI investment showing that it’s making a difference. Boeing shares rose on Thursday’s bear market after Bloomberg reported that rival planemaker Airbus was in talks with Saudi Arabia’s flagship airline for a record jet order. The airline hopes to buy at least 150 wide-body and narrow-body aircraft from both companies. Saudia is currently studying models from both Boeing and Airbus, but has not yet made final decisions on types or quantities. Boeing stock rose nearly 2% on the day. The report follows the bullish view of Citi analysts, who placed Boeing on a 30-day upside watch and reiterated a buy rating. Citi claimed that Boeing’s delivery performance had “improved dramatically” since late last month and “suddenly caught up” to meet first-quarter expectations. More good news: Jefferies predicted Boeing could win new orders from China for the first time since 2017 after President Donald Trump touted his “very good” relationship with Chinese President Xi Jinping in a social media post Wednesday. Analysts came as aircraft deliveries have been used as a bargaining chip in trade negotiations. Jim has been saying the same thing for months and is extremely bullish on Boeing, whose stock is up more than 10.5% since the beginning of the year. Costco stock has continued its recovery this year, with shares up more than 1% on Thursday, contributing to a 15% gain in 2026. This comes a day after Costco posted another strong sales growth in January. Costco’s core comparable sales, excluding fuel and currency, increased 6.4%, beating consensus of 5.1%. Growth in non-food items accelerated again, followed by food/miscellaneous goods and fresh foods. Key factors include last month’s rise in gold prices, as well as tailwinds from the winter storm. This is a benefit for Costco, which sells gold bars. The strong monthly results were followed by a series of price target hikes on Wall Street. Better-than-expected December results and a strong January signal further momentum, increasing market confidence in the company, which was seen as a laggard just a few months ago. Next up is Amazon’s after-the-bell earnings. Earlier in the day, the club published analysis on how the cloud and e-commerce giant aims to make AI affordable. This could determine the next move for Amazon’s laggard stock. Fortinet will also release financial results this evening. This result and stock price reaction may be a deciding factor for our cyber stocks Palo Alto Networks and CrowdStrike. Both companies are unfairly caught up in the rout of enterprise software. Cybersecurity in this day and age is a must for businesses. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
