It’s been a volatile week for the stock market, with the Dow Jones Industrial Average hitting a record high before falling back. Wall Street pulled money away from Big Tech and into more defensive sectors like health care and finance. The end of the longest U.S. government shutdown in history and expectations for interest rate cuts were also top concerns. However, in the end, there was little change in the stock price. The S&P 500 index rose just 0.3% this week, while the tech-heavy Nasdaq index fell nearly 0.5%. This marks the second consecutive week of decline for the Nasdaq. The Dow Jones Industrial Average rose 0.3% for the week. After closing above 48,000 for the first time on Wednesday, the 30-stock average pulled back in Thursday’s market selloff and ended Friday trading slightly lower. .SPX YTD Mountain S&P 500 (SPX) Year-to-date Performance Record Highs Despite market volatility, many club holdings hit record highs this week. Wells Fargo stock hit an all-time high on Wednesday. On Thursday, Goldman Sachs reached new heights. The financial sector also benefited from investors seeking safety from the high valuations of many AI trades. DuPont’s stock price has continued to rise since the company was split from Qnity Electronics. Stocks reached an intraday high on Wednesday, but lost momentum later in the week. The industry name closed slightly lower on Friday for the week. We love the new DuPont. The company operates a diversified materials business that can withstand any single-end market downturn. DuPont’s water business is also great. Eli Lilly stock has hit a series of highs this week, including on Friday. Shares closed above $1,000 on Wednesday for the first time in history. In response, Jim Cramer said Eli Lilly will soon become the first pharmaceutical company to reach a $1 trillion valuation. To achieve that, the stock would need to exceed $1,057. Lilly’s market capitalization was just over $969 billion as of Friday’s close. Much of this stock price increase is due to the Trump administration’s recently announced GLP-1 deal with Lilly and rival Novo Nordisk. The agreement is expected to reduce the price of certain weight loss drugs for Medicare and Medicaid beneficiaries next year, making Lilly’s drugs more available. On the other side of Kramer’s buy call trade are the laggards in the portfolio. During our monthly meeting in November, Jim pointed out three things that he saw as buying opportunities. These include Nike, Boeing, and Linde. Both are outside the scope of the data center boom, which is a plus for a market that is very concerned about AI-related valuations. “I can’t remember a time this year when it felt so good to be diversified across so many great growth stocks, because growth of any kind always works. So far, it’s been great to own only data center, AI, nuclear, and quantum stocks for all of 2025,” Jim told members on Thursday. “But it’s just become too risky now. It just took a lot longer than expected for that risk to surface.” Jim details why he recommends each. If you don’t own Linde, it might be time to start a position. The stock prices of major industrial gas companies have fallen unnecessarily recently. This weakness presents an opportunity to invest in promising stocks. Wall Street analysts agree. UBS this week upgraded Linde’s rating to “buy” and predicted further profit growth in 2026. Additionally, Linde has tremendous pricing power and has consistently delivered returns to shareholders quarter after quarter, regardless of the macroeconomic environment. Consider buying Nike stock given its weakness. We believe in CEO Elliott Hill’s turnaround strategy for the athletics giant. Take a look at the progress Nike has already made in its strong first quarter of fiscal 2026. Boeing stock is also a hot buy. Similar to Nike, we focus on the aircraft maker’s turnaround story under CEO Kelly Ortberg. Jim said he expects Boeing’s cash flow to improve and allow it to repay its debt. Trades This week, The Club executed six trades amid volatile stock prices. Monday: The club cut its Cisco Systems position and used the proceeds to buy more Corning and Meta Platforms. Corning, which makes fiber optics for data centers, was particularly attractive to us after its stock price fell after its earnings late last month. The company failed to meet Wall Street’s high expectations and missed its revenue targets. I first added to the position on the October 28th release and then added again on Monday as the stock continued to fall. “We believe momentum will continue as data center operators increase the use of fiber connections instead of copper wire to connect AI nodes,” Jeff Marks, director of portfolio analysis at Investing Club, said in a trading alert. Meanwhile, the club has raised more meta shares following the recent downturn. This is the first time in more than three years that we have increased our position in social media stocks. Finally, I sold some of my Cisco Systems shares after the stock price recovered following the August earnings report. Wednesday: We exited some of our Disney stock ahead of the entertainment giant’s earnings report Thursday morning. In the same trading alert, the club lowered its rating on the stock from a ‘1’, which is equivalent to a ‘buy’, to a ‘2’. This reduction was not a request for Disney’s quarter. Instead, it was given some leeway in case the stock price fell upon release. And that’s exactly what happened. Disney shares fell during trading Thursday after the company reported a mixed quarter that included a drop in streaming revenue. “This is a hated stock,” Jim said at Thursday’s monthly meeting. “Sometimes you have to go. And I don’t want to fight Disney anymore.” Friday: Added Corning position for the second time this week. Data centers are a huge end market for fiber-optic cable makers, so the broader AI market decline has weighed on stocks. The club also acquired Honeywell. Despite its recent separation from its former capital-intensive Solstice Advanced Materials unit earlier this month, industrial stocks have been undeterred. Earnings Analysis Here’s a more detailed breakdown of the quarterly earnings reports of Cisco and Disney, the only two stocks that made cuts this week. Cisco delivered a beat-and-raise quarter on Thursday, with the networking company delivering another quarter of double-digit order growth. The stock price soared following this announcement, and we raised our price target from $78 to $85. This quarter reaffirmed our view that Cisco is an undervalued winner of the AI infrastructure boom. There wasn’t much to like about Thursday’s Disney release. Adjusted earnings per share beat analysts’ expectations, but revenue for the quarter fell short. Importantly, Disney’s experiences division, which includes theme park and cruise sales, also fell short of Wall Street expectations. I’m tired of this stock plummeting upon release. Still, you don’t want to exit your position completely when the stock price is falling this much. If there is a rebound soon, the club will take a chance. (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. 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