TLDR:
- Stocks were slightly higher on Monday with the S & P 500 trading in a tight range.
- Shares of Eaton and Best Buy experienced key movements due to AI-related factors.
Derivative AI benefits to 2 portfolio stocks put them right where they need to be
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. Market steady on Monday, with Consumer Discretionary, Real Estate, Utilities, and Financials leading gains while Health Care and Tech lagged. Eaton stock pulled back after a downgrade, while Best Buy shares gained momentum. JPMorgan CEO Jamie Dimon shared insights on a wide range of interest rates. Apple’s stock level was highlighted as important to watch by analyst Carolyn Boroden.
Key points:
- Eaton’s stock pulled back after a downgrade but is still in a strong position due to data center demand.
- Best Buy shares gained momentum as analysts project an AI-fueled personal computer refresh cycle.
- JPMorgan CEO Jamie Dimon discussed the bank’s readiness for a broad range of interest rates.
- Analyst Carolyn Boroden highlighted a key level to watch for Apple’s stock.