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. The S & P 500 was relatively unchanged on Friday afternoon , but the market’s broadening continues. For years, the conversation has been dominated by the Magnificent 7 stocks — Apple , Amazon , Alphabet , Meta Platforms , Microsoft , Nvidia , and Tesla . But one of the big themes of the first two full trading weeks of the year has been the rotation out of those names and into other pockets of the market, including small tech stocks and “hard” economy sectors like industrials, materials, and energy that tend to do better as the economy runs hot. We’re seeing this play out throughout the portfolio, as Apple, Amazon, Meta Platforms, and Microsoft declined this week. Meanwhile, the biggest gainers in the portfolio were GE Vernova and Eaton (both players in the AI data center buildout), Qnity Electronics (more on this below), BlackRock (off earnings), Boeing , and Honeywell . Qnity Electronics was one of the bigger gainers in the technology sector as investors increasingly recognized that its products are critical components in semiconductor manufacturing, including chip fabrication, which accounted for about half of the company’s net sales in 2024. That’s why our eyes lit up when Taiwan Semi , the world’s largest chip fabrication company and Qnity customer, said it expects a significant increase in capital expenditures this year. However, there was some news worth mentioning on Friday. The company said its CFO, Matt Harbaugh, has stepped down from his role, and Mike Goss, its principal accounting officer and controller, will serve as interim CFO until a permanent replacement is found. A chief financial officer’s abrupt exit often unsettles investors. It creates speculation on why he or she left: Is there something the CFO knows that investors don’t? In Qnity’s case, Harbaugh’s departure was due to health reasons, circumstances outside business conditions. Quantity also reaffirmed its full-year 2025 net sales and adjusted pro forma operating EBITDA guidance, reassuring investors. As a lesson moving forward, it is a red flag if a company doesn’t reiterate guidance after a CEO or CFO leaves. Earnings season ramps up next week with 29 companies in the S & P 500 scheduled to report. Within the portfolio, we’ll hear from Procter & Gamble on Thursday before the opening bell, and Capital One Financial after the closing bell. Other notable companies reporting are D.R. Horton , 3M , Netflix , Johnson & Johnson , Halliburton , Schwab , Prologis , Teledyne , GE Aerospace , Abbott Labs , McCormick , Intel , Intuitive Surgical , CSX Corp , Freeport-McMoRan , and SLB . (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.
