The past six weeks since the last CNBC Investment Club monthly meeting have been great for the overall market and most of our portfolio. The S&P 500 and Nasdaq were on the verge of hitting new all-time highs on Wednesday. Since its April 16 meeting, the S&P 500 index has gained 6.7% and the Nasdaq index has gained 10.6% through Tuesday’s close. .SPX .IXIC Mountain 2026-04-16 S&P 500 and Nasdaq since their monthly meeting on April 16th Despite a somewhat rough start to the month, rising oil prices and bond yields due to the Iran war have made the situation particularly favorable for owning stocks. Out of our 33 portfolio names, only 9 have lost money over the past month and a half. Meanwhile, nine other stocks rose by double digits, some of them up nearly 100%. Here are the top and bottom performances since the last meeting leading up to the May meeting livestream starting Wednesday at noon ET. Top Performer Arm Rise 97.9% Wall Street continues to push Arm to record highs on signs that demand for central processing units (CPUs) continues to surge in the age of agent-based AI. That’s because Arm designs the CPUs (and will soon be manufacturing them themselves). This CPU is suitable for running AI models because it has lower cost and energy demands and can provide faster responses to queries. Club Holding Nvidia’s quarterly results last week were a key example. Arm stock soared after Nvidia executives said Arm-based Vera CPUs (and their predecessor Grace) are expected to generate $20 billion in revenue this year. This is good news for Arm’s loyalty business. I initiated a position at approximately $173 on April 20th, less than a week after our last monthly meeting. We trimmed twice because we tend to book profits higher with parabolic movements. Arm stock closed at a record high of $321 a share on Tuesday. CrowdStrike up 60.6%, Palo Alto Networks up 53.8% What a turnaround for the cyber industry. These stocks have been rallying for weeks as the market ignored the narrative that AI is a threat to the cybersecurity industry. Palo Alto Networks and CrowdStrike have steadily raised their target prices. In the last week alone, Wall Street firms have raised their targets for CrowdStrike and Palo Alto en masse. It did the same thing on May 18th, raising CrowdStrike from $500 to $650 and Palo Alto from $200 to $255. Since both stocks are above this level, I would like to reevaluate them after next week’s earnings results. But CrowdStrike and Palo Alto recouped some of their profits on Wednesday. They were falling sympathetically to cyber peer ZScaler, whose stock price fell 30% on weak guidance. No one can blame the profit-taking given CrowdStrike and Palo Alto’s strong performance, but ZScaler’s problems appear to be more company-specific than an industry-wide warning. CrowdStrike is one of our favorite cybersecurity stocks. Qnity Electronics Up 25.3% Qnity, which provides materials for making chips and other electronics, posted big profits and sent its stock price soaring. We deemed the Qnity quarter to be the best in the entire semiconductor sector. Management raised its full-year forecasts for sales and bottom line profits. We love Qnity as a lesser-known AI play. Qnity was spun off from the club name DuPont late last year. Bottom-ranked Meta Platform is down 9.5% Most of Meta’s losses occurred after its quarterly results in late April. The company, the parent company of Facebook and Instagram, continued to perform well in terms of revenue and bottom line, but investors didn’t like management’s decision to invest more in generative AI going forward. Meta reaffirmed its full-year total expense outlook, but still raised its capital spending outlook by $10 billion at the midpoint. Investors are less forgiving of Meta’s spending because it doesn’t have a public cloud to fall back on like the other three hyperscalers ( Amazon , Alphabet , and Microsoft ). Indeed, it was still an impressive quarter, posting the highest revenue growth in five years. We saw all the selling as short-sighted. Home Depot – 7.9% down The home improvement giant continues to be weighed down by persistently high mortgage rates. We’ve been very patient with this stock, but we’ve seen little in return. Frankly speaking, I regret ever participating. Home Depot was supposed to be our gambit against the Federal Reserve lowering interest rates. It’s clearly not working yet. With rising gas prices and rising bond yields, will new Fed Chairman Kevin Warsh be able to fulfill President Donald Trump’s desire to lower interest rates? Let’s take a look. However, we took solace in the fact that Home Depot matched Lowe’s in same-store sales growth for the quarter. Earlier this month, we lowered our price target on Home Depot from $420 to $360 after a so-so quarter. Capital One falls 7.1% This credit card stock fell sharply after a lackluster April quarter. We believe this release should not overturn our belief in Capital One’s transformation story, driven by last year’s Discover acquisition. But the $35 billion deal is taking longer to turn a profit than expected. A downturn in the financial sector due to consumer health and economic concerns didn’t help either. Not all bank stocks were lucky. The club that owns Goldman Sachs shares has risen more than 10% since its last monthly meeting after SpaceX used its deal-making business to lead what is expected to be the largest initial public offering in history. (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.
