Latest news with #Homestretch
CNBC
3 hours ago
- Business
- CNBC
Home Depot eyes a deal — plus, casual dining shines and TikTok ban is delayed once more
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. Markets: The S & P 500 was modestly lower Friday as investors mull over the latest news from the Israel-Iran conflict and consider the Federal Reserve's next monetary policy move. Fed Governor Christopher Waller said that policymakers could lower interest rates as early as July. "That would be my view, whether the committee would go along with it or not," Waller told CNBC Friday morning. Meanwhile, shares of chip stocks — including Club holdings Broadcom and Nvidia — were under pressure after a Wall Street Journal report indicated that the U.S. may revoke waivers that major semiconductor manufacturers rely on to use American technology in China. Elsewhere on the geopolitical front, top European diplomats were set to hold talks with Iranian officials in Geneva on Friday. It comes after the White House said that President Donald Trump will decide within the next two weeks whether the U.S. will directly join Israel's attacks on Iran's nuclear sites. Home Deal-po?: QXO is not budging on its unsolicited $5 billion cash proposal to acquire GMS Inc. following Club name Home Depot's own bid for the building products distributor, Bloomberg News reported Friday afternoon . A QXO spokesperson told Bloomberg that $5 billion is the company's full offer. On Thursday, The Wall Street Journal reported that Home Depot made a submission for GMS — raising the specter of a bidding war with QXO, the latest venture of billionaire businessman Brad Jacobs, a frequent guest on "Mad Money" over the years. Home Depot and QXO are competing for a bigger share of the construction supply market targeting professional contractors. Home Depot made a massive move in that area last year with its $18 billion acquisition of SRS Distribution. RBC analysts said Home Depot's bid for GMS might be perceived "slightly negatively," arguing it could further gross-margin dilution and delay share repurchases because the company's debt load remains above its targeted levels in the wake of the SRS deal. Casual shining: Darden Restaurants' fourth-quarter earnings report Friday showed that consumers are still opening their wallets for casual dining despite high levels of economic uncertainty — an encouraging sign for portfolio name Texas Roadhouse . Darden's leading chains — Olive Garden and LongHorn Steakhouse — saw same-store sales rise 6.9% and 6.7% for the quarter, respectively. LongHorn Steakhouse, a direct competitor to the Texas Roadhouse chain, reported a 9.3% increase in total sales, which includes the performance of 16 new locations. "Consumers are figuring out that casual dining is a great value. And so, they're coming to casual dining more," said Darden CEO Rick Cardenas "We're seeing that across our brands and some of the industry. And so, without commenting on what's happened in other places, we think that's a big part of it. Consumers want to go out and spend their hard-earned money. And we think we're taking some wallet share from fast food and fast casual." Added Darden CFO Raj Vennam: "Pretty much every household income is growing in casual dining except for the ones below $50,000." For its full-year fiscal 2026, Darden expects total inflation in the range of 2.5% to 3% — including both labor and commodities like food — and same-store sales between 2% and 3.5%. Executives also doubled down on their commitment to affordability, saying they expect menu price hikes this fiscal year will "still likely be below total inflation." In general, what we heard from Darden, particularly on the overall consumer interest in casual dining, bodes well for Texas Roadhouse. It comes after analysts at UBS were upbeat on the Club name in a note earlier this month . We took some profits on Texas Roadhouse in May to lock in some big gains on our purchases in April during the tariff-driven market turmoil. While the stock is up less than 2% since that trim, it is our best-performing name this week, gaining around 6%. Clock keeps ticking: Trump signed an executive order Thursday granting another 90-day extension to the deadline for ByteDance, the Chinese parent company of TikTok, to divest the social media app's U.S. operations to an American entity. This is the third time Trump has extended the divestiture timeline for the short-form video platform, which is the chief competitor for Club name Meta . The deadline for ByteDance to complete the sale or face a ban in the U.S. is now set for Sept. 17. From an investment perspective, it would be a clear-cut positive for Meta's stock if its main rival in the U.S. went dark — forcing its users and advertisers to redirect their attention and dollars elsewhere. But, at this point, we're not holding our breath for it to happen, given Trump's stated desire to "save it." Meta's actions suggest that CEO Mark Zuckerberg isn't betting on that happening, either. Instead, the Facebook and Instagram parent is putting its full financial force behind its AI investments to keep attracting and retaining users, and to further improve revenue and profits in its core advertising business. As we recently wrote , the AI-first tech giant keeps improving its AI tools for advertisers to create personalized ads with diverse text, backgrounds and images at a low cost. To stay ahead, Zuckerberg is on the hunt for top AI talent. CNBC reported Thursday that Meta is planning to hire AI investors Daniel Gross and Nat Friedman and partially buy out their venture capital fund, NFDG, which has invested in AI startups like Perplexity. Thursday's news comes after Meta recently invested $14.8 billion for a 49% stake in data-labeling company Scale AI. And, according to a Bloomberg News report Friday , Meta held discussions with Perplexity about a potential takeover before making its Scale AI offer. Ultimately, Meta's AI advancements and top experts in the field will allow it to better compete should TikTok remain as a competitor in the U.S. Meta stock is down about 1.6% Friday, to roughly $684 per share. It's up around 17% year to date. Up next: Starting after the close Friday and continuing into next week, Club name Eli Lilly will be presenting a slew of trial data at the American Diabetes Association's annual conference. Meanwhile, there are no Club holdings reporting earnings next week, though we'll be keeping an eye on results from the likes of FedEx and Micron . KB Home also has earnings in what will be a busy week of housing news, most notably the National Association of Realtors' existing home sales report on Monday morning. The biggest economic event of the week is the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) index, which is due out Friday morning. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
2 days ago
- Business
- CNBC
The Fed's outlook for inflation and jobs shows the bind it's in — plus, Amazon's robotaxi move
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. Markets and Fed: Stocks fluctuated between modest gains and losses Wednesday afternoon after the Federal Reserve opted to keep interest rates unchanged, in line with expectations. Investors were also chewing over the central bank's updated economic projections, which are released on a quarterly basis. The central bank now sees median core PCE inflation coming at 3.1% in 2025, up from the 2.8% rate previously forecasted in March. Modest upward revisions to inflation expectations were also seen for 2026 and 2027, though, of course, it's quite difficult to forecast that far into the future. The Fed committee also now sees median unemployment in 2025 coming in at 4.5%, up from the prior 4.4% forecast. Similarly to the inflation outlook, the Fed's 2026 and 2027 unemployment forecasts were revised up slightly. As a result, the Fed now sees real GDP — meaning adjusted for inflation — coming in below prior expectations. 2025 is now expected to see real GDP growth of 1.4%, down from 1.7%. Meanwhile, 2026 growth is expected to come in at 1.6%, down from 1.8%. However, the growth estimate for 2027 was left unchanged at 1.8%. These revisions underscore the bind that the Fed finds itself in during President Donald Trump's tariff war. The Fed's dual mandate is to ensure price stability and low unemployment. When faced with higher inflation, the Fed usually seeks to tame it using rate hikes. When faced with increasing unemployment, the Fed usually turns to rate cuts to stimulate the economy. There's tension now on both sides of that mandate. At his post-meeting press conference, Fed Chair Jerome Powell reiterated that the central bank is "well positioned to wait" before adjusting policy any further. On tariffs, specifically, Powell said: ""It takes some time for tariffs to work their way through the chain of distribution to the end consumer." "Because the economy is still solid, we can take the time to actually see what's going to happen," Powell said. "We'll make smarter and better decisions" if we wait a few months to get more data on tariffs, he said. Crude checkup: Oil prices were mostly flat Wednesday after Trump said Iran wants to negotiate following six days of Israeli airstrikes. "They want to negotiate," Trump told reporters Wednesday morning, less than 24 hours after he had threatened Iran's supreme leader, Ayatollah Ali Khamenei. "They even suggested that they come to the White House. That's courageous. It's like not easy for them to do." Stock investors have been closely following the way that oil is reacting to Israel-Iran headlines, given the potential for the conflict in the oil-rich region to disrupt supply and dent global economic growth. Israel's surprise attack on Iran's military nuclear infrastructure Friday led to the initial jump in oil prices. Friday's upswing was the biggest intraday move for the crude futures contract since 2022. Prices have seesawed in subsequent days, but remain trading near five month highs. Driverless news: Autonomous vehicles are back in the spotlight Wednesday. Club name Amazon is ramping up production of its Zoox robotaxis ahead of the launch of public rides in Las Vegas later this year, and Alphabet's Waymo announced that it is looking enter New York City, albeit with a human behind the wheel to start. The news is just the latest indication of how fast the adoption of robotics is playing out — after all, that's more or less what an autonomous vehicle is. For Amazon specifically, it speaks to the opportunity AI presents. We just heard from CEO Andy Jassy on this on Tuesday. In a note published on the company's website, Jassy wrote that in the coming years, "we expect that [artificial intelligence] will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." However, reading the tea leaves, we think it pretty clear that AI is going to impact far more than the corporate headquarters. Earlier this month, we learned that the company was looking into AI-powered humanoid robots to make deliveries. In total, analysts at Morgan Stanley estimate that the overall Amazon is looking to automate roughly $200 billion in logistics costs, or about 35% of its online retail revenue. Between humanoid robots and self-driving cars, there is a massive opportunity at play for Amazon to not only open up new revenue streams via a robotaxi service, but also reduce it's massively existing cost structure, boosting profits in the process. Of all the major tech players in the AI race, Amazon may prove to be the greatest beneficiary. Of course, its profit-engine Amazon Web Services is benefiting from software developer demand for cloud resources as AWS offers up multiple large language models for them to leverage. But given its massive logistics network — something the other American tech giants don't really have —it likely has the biggest opportunity of all of them when it comes to margin expansion. Up next: The market will be closed on Thursday in observance of Juneteenth. On Friday, investors will return to a basket of corporate earnings. Accenture , Kroger and Darden Restaurants will all report quarterly results before the opening bell. Updates from supermarket giant Kroger and Olive Garden owner Darden, in particular, could offer fresh insights on the health of the U.S. consumer. On the economic data front, the Philadelphia Fed manufacturing survey will be released at 8:30 a.m. ET. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
2 days ago
- Business
- CNBC
10 things to watch in the stock market Wednesday including the Fed meeting and Meta
The Club's 10 things to watch Wednesday, June 18 — Today's newsletter was written by Zev Fima, the Investing Club's portfolio analyst 1. We're on pace for a slightly higher open this morning as investors monitor the latest in the Israel-Iran conflict and gear up for Fed Chair Jerome Powell's post-meeting press conference this afternoon. As we wrote in a piece for Club members, we want to hear Powell's thoughts on the health of the U.S. consumer. 2. Initial jobless claims for last week came in basically in line at 245,000, just 1,000 below the Dow Jones consensus estimate. Recurring claims ticked lower, but were still elevated at 1.945 million. Conditions in the labor market will be another big topic for Powell. 3. Housing starts and building permits missed expectations this morning, the latest sign of subdued activity in the housing market. We discussed that in yesterday's Homestretc h in response to homebuilder Lennar's quarterly results. Housing punches above its weight in the economy. 4. Club name Meta Platforms is being super aggressive in building out its "superintelligence" team. OpenAI CEO Sam Altman said on a podcast that Meta offered OpenAI employees bonuses as high as $100 million to join the Instagram parent. 5. There's a new Street high on Oracle : Guggenheim upped its price target to $250 a share from $220 and analysts maintained the stock as their best idea. Oracle's earnings report last week showed the AI trade was alive and well. 6. Barclays raised its price target on Club name Honeywell to $258 a share from $243 and reiterated its overweight buy rating on the stock after meeting with the aerospace unit's management team. Analysts believe Honeywell has "turned the corner on negative Street estimate revision momentum," and that the aerospace business warrants a higher multiple post-spin. 7. Wells Fargo had its price target lifted at Raymond James to $84 a share from $78. The analysts, who kept their "strong buy" rating on the Club stock, cited the asset cap removal as a material mid-to-long-term positive. They said estimates will rise as the financial benefits of the removal are realized. 8. Regulators are looking to reduce capital buffer requirements at major U.S. banks, Bloomberg News reported . The move would adjust what is referred to as the enhanced supplementary leverage ratio, and essentially would make it easier for banks to buy U.S. government bonds during periods of volatility. 9. Morgan Stanley estimated that Salesforce's product price hikes, which we covered in yesterday's Homestretch, could add up to $1 billion in additional revenue over the next two years and get topline growth back into the double-digits. The firm maintained its overweight buy rating and price target of $404. 10. Shares of Nucor are on the rise this morning after the steelmaker preannounced strong earnings guidance for its second quarter ending July 5. Management forecasted earnings per share of $2.55 to $2.65, ahead of the $2.36 estimate. We're keeping a close eye on the steel industry given the higher tariffs on imports. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
3 days ago
- Business
- CNBC
Amazon CEO makes a big prediction on AI — plus, Salesforce hikes prices and a housing market update
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. Markets: Stocks were lower across the board Tuesday afternoon, as investors monitor a flurry of headlines around the Israel-Iran conflict. President Donald Trump threatened the Iranian leader Ayatollah Ali Khamenei in a series of social media posts, and also he made clear what he wants from Iran : "UNCONDITIONAL SURRENDER!" Oil prices rose throughout the session and were up more than 4% as of 3 p.m. ET. As we wrote on Monday , oil is an important barometer to watch during the Middle East conflict because energy-price shocks have the potential to dent economic growth. Jassy speaks: Amazon CEO Andy Jassy on Tuesday provided some of his views on the advancement and adoption of generative AI at Amazon. Jassy's full letter can be read online here — but one specific portion deserves extra attention, carrying ramifications for both Amazon shareholders and the economy overall. "As we roll out more Generative AI and agents, it should change the way our work is done," Jassy wrote. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs. It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." While this is just one CEO's prediction, we have no doubt that management teams across the world are looking into how they can leverage this new technology to achieve a leaner workforce. This is something that, as investors, we need to watch closely in the coming months, quarters and years. Home Depot readthrough: Lennar's earnings call Tuesday left us with one big takeaway: The housing market is still hurting, and there's no new indications of a near-term change. The homebuilder's commentary came after reporting mixed quarterly results the prior evening. While revenue topped expectations, profits, new orders and average home prices all missed the mark. The update from Lennar is not the best news for our Club retailer Home Depot, which benefits from a robust housing market. We don't have that right now, as stubbornly high mortgage rates and low inventory put pressure on affordability. That's forced Lennar to dig into its own profit margins, as it offers up incentives and discounts to get buyers to closing day. Also on Tuesday, we learned that homebuilder sentiment fell in June and is nearing pandemic-era lows, according to the latest index from the National Association of Home Builders. To be sure, we're not giving up on Home Depot, and there was actually a longer-term silver lining discussed on Lennar's conference call. Executives discussed the importance of lowering its own structural costs to navigate frostier housing cycles — and that helps them keep supply coming online. Historically, Lennar chose to protect "margin as market conditions stalled," co-CEO Stuart Miller said. "But we learned through those times that once we step backwards, and lose momentum, it becomes increasingly more difficult to restart, and recapture volumes. The machine slows and does not restart easily." He continued, "We have concluded that by maintaining volume, we can create new efficiencies, and new solutions that are durable for the future, and will result in meaningful long-term efficiencies in our cost structure." Part of Lennar's efficiency plan relies in part on technology, and more specifically a portfolio name in Salesforce . In addition to using Salesforce to reduce customer acquisition cost and manage home prices, Miller said the company is working to develop AI-based "agents" that can assist salespeople, even during off-hours. Outside the portfolio, Lennar said it's working with Palantir on tech-driven land management system. Price bumps: Speaking of Salesforce, the software giant said earlier Tuesday that it will raise list prices by an average of 6% on the Enterprise and Unlimited Editions of some of its applications. Specifically, the company called out Service Cloud, Field Service, and select Industries Clouds as being impacted by the change. Salesforce also announced the general availability of Agentforce AI add-on tools that can be added on for certain users starting at $125 a month, along with a higher level offering referred to as Agentforce 1 Editions that starts $550 a month and includes the regular add-on tools along and a few extra goodies for users to maximize their use of the Salesforce platform. Up next: There's not much to speak of on the earnings front. However, on the economic front, we will get a check up on the housing market Wednesday morning with the release of the May housing starts numbers, along with initial jobless claims, which, as a reminder, will be out a day early this week due to markets being closed Thursday for Juneteenth. The big event on Wednesday, of course, is the Fed's interest rate decision at 2 p.m. ET and Chair Jerome Powell's press conference at 2:30 p.m. ET. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
4 days ago
- Business
- CNBC
Eaton makes a move outside of the data center — plus, what's new with Abbott Labs
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. Markets: Stocks were higher in afternoon trading Monday, with the S & P 500 adding nearly 1% and the tech-heavy Nasdaq Composite advancing around 1.5%. The action across Wall Street — and not just in stocks, but also in areas like gold and oil — suggest the market is betting that the Israel-Iran attacks will not lead to a broader conflict in the Middle East. As we highlighted in a story earlier Monday , investors view geopolitical events through the lens of, "What does this mean for global economic growth?" On Monday, at least, the belief is that growth will not be derailed by the attacks. Defense deal: Club holding Eaton is making a move outside of its high-profile data center business. On Monday, the electrical equipment company announced a $1.55 billion acquisition of aerospace and defense firm Ultra Precision Control Systems, expanding Eaton's presence in two fast-growing end markets amid rising global defense spending driven by geopolitical uncertainty and conflict overseas. Ultra PCS makes products like ejection systems that help drop missiles, along with noise and vibration control for aircraft interiors. The deal is expected to be accretive to Eaton, given Ultra PCS's "strong growth position on high-margin business," according to the Monday announcement. Ultra PCS is projected to generate sales of roughly $240 million in 2025, which would be equal to nearly 6% of Eaton's expected aerospace revenues of $4.08 billion. In the company's first quarter, aerospace was about 15% of sales. The acquisition, while small, speaks to a key concern Jim Cramer now has with Eaton's stock: its close linkages to the AI data center trade. With the way our own stock portfolio has evolved, Jim worries that shares of Eaton are too closely tied with the spending patterns of hyperscalers like Amazon and Microsoft. Even if the "data center and distributed IT" end market is only expected to contribute 17% of Eaton's total sales this year, it can sometimes feel like that's the only thing that moves the stock. And now that we have other AI industrial names like Dover and GE Vernova in the portfolio, Jim has even speculated if the Club should exit Eaton all together. "I am concerned and think that we might have to take one of these off out of that concern," he said of Eaton and Dover during the May Monthly Meeting . "I like the data center [story] but I do not want to be the data center fund." Therefore, adding Ultra PCS to the fold at Eaton should help boost its budding aerospace business and, hopefully, broaden the way Wall Street views the stock. Jim has described the aerospace division as "a very solid business that is really coming on." Shares of Eaton are up more than 4%, outperforming the rebounding market. A few other stocks in the AI data center trade such as Vertiv also are having a strong day. Abbott roundup: There are a few headlines involving Club name Abbott Laboratories on our radar Monday, including an initiation over at Leerink Partners. Analysts began coverage of the medical devices company with a hold-equivalent rating and target price of $143, implying less than 6% upside from where the stock closed Friday. While noting Abbott's strong position in the industry, Leerink analysts said they believe "potential upside growth drivers and strong execution" is largely baked into the company's "stock at current peak valuation levels," without any compelling near-term catalysts. We do have a hold-equivalent 2 rating on the name, as well, so it's difficult to push back on claims of a full valuation. Better news for Abbott came out of Canada, where the company got government approval of a rapid blood test to help clinicians assess suspected concussions. While we're not sure this is a major needle-mover right now, it is an interesting product with use cases that include sporting events. For example, the motorcycle road racing series MotoAmerica will have the test on hand at all of its races this year . Lastly, we came across a story in The New York Times from late last week that took a closer look at claims around baby formula. Earlier this month, Health Secretary Robert F. Kennedy Jr. ordered the Food and Drug Administration to review infant formula ingredients, the first such review in decades. Abbott, the maker of Similac baby formulas, has faced lawsuits related to its specialized formula business, though the company defends the safety of its product. Separately, Abbott also had issues with a manufacturing plant in 2022 . Shares of Abbott Labs have been one of the best-performing stocks in our portfolio this year, though the stock hasn't done much since early March. Up next: Homebuilder Lennar is set to report earnings after the closing bell Monday, and we'll be listening to commentary on the conference call around overall housing market activity, which carries implications for Club name Home Depot. Before Tuesday's opening bell, we'll hear from Jabil, which makes electronic components and is a supplier to Club holding Apple . Also out Tuesday morning is a handful of notable economic reports. We'll get retail sales for May; the latest import/export prices index; and the Federal Reserve's industrial production and capacity utilization report. Combined, all three releases will shed light on the health of the U.S. economy ahead of the Fed's interest rate decision on Wednesday afternoon. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
