Jim Cramer talks the pros and cons of the tentative trade deal between the U.S. and China
'Mad Money' host Jim Cramer breaks down the new trade deal between the U.S. and China and what it means for your portfolio.
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BlackRock outlines vision for the future, and Oracle gives a lift to the AI trade
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 update: Wall Street overcame a weaker open to trade higher by Thursday afternoon. The S & P 500 is looking to get back to its winning ways after a three-session winning streak was snapped a day earlier. New data helped by showing the economy is holding up well. Wholesale prices for May rose less than expected, while jobless claims for the week ended June 7 were unchanged. However, a lack of news on President Donald Trump's tariff policies, especially an update on its deal with China, seem to be keeping a lid on stocks. AI trade: Most of our stocks linked to the AI infrastructure trade are higher Thursday, and Oracle — and its strong quarterly results fueled by its cloud-computing segment — is likely to thank for that. Broadcom and Nvidia , which design the data center chips that fuel AI applications, are up roughly 0.8% and 1.1%, respectively. Eaton , which makes electrical equipment and power systems that help run data centers, is up about 1.5%. GE Vernova , whose gas and wind turbines help generate the electricity that feeds data centers, was up fractionally. But keep in mind that GE Vernova, in particular, has been red hot lately, so it's not surprising to see a more modest move there. Blackrock updates: BlackRock hosted its 2025 investor day on Thursday. The focus of the day was on 2030 financial targets, including a reiteration of its 5% or greater organic base fee growth, and an adjusted operating margin goal of 45% or higher. The muted reaction in the stock may speak to investors hoping for more than a simple reiteration of the 5% or greater fee growth target. And while management did seem to emphasize the "or greater" part of the target, some on Wall Street were already expecting that emphasis, at a minimum. BlackRock is also looking to grow revenue at a 10% annual rate, achieve sales of more than $35 billion by 2030 (up from $20 billion in 2024), resulting in adjusted operating income of $15 billion (up from $8 billion in 2024). Of course, a major driver of this growth will be private markets and technology segment growth, which the firm is looking to more than double to 30% of revenue by 2030 from 15% in 2024. Driving the private markets growth is a goal of raising $400 billion in gross assets by 2030. The Club's Morgan Chittum this week wrote about BlackRock's strategic move into private markets, and how its smallest deal of 2024 may end up being its most consequential. Up next: Software giant Adobe and RH , the luxury home furnishings seller, are set to report after the bell Thursday. Another thing on our radar after the close is an interview on CNBC with Advanced Micro Devices CEO Lisa Su. Fresh off the chipmaker's "Advancing AI" event, we look forward to her thoughts on demand for AI processors generally and insights into the company's strategy for competing against Nvidia and Broadcom. The calendar is pretty light Friday on economic data, though we'll get the University of Michigan's latest consumer sentiment survey at 10 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.
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Here's our Club Mailbag email investingclubmailbag@ — so you send your questions directly to Jim Cramer and his team of analysts. We can't offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week's first question: What is the difference between an ETF & a mutual fund? — Maxine Exchange-traded funds (ETFs) and mutual funds are common ways to invest in a diversified basket of stocks or bonds. They can be actively or passively managed. The main differences? ETFs are traded like individual stocks, and prices fluctuate during trading hours. Mutual funds must be purchased and sold directly and are priced at the end of the market day. While often tracking a benchmark index such as the S & P 500 , both ETFs and mutual funds can also be pegged to mimic the performance of sectors like technology, health care, or consumer staples. Be aware that when investing with a narrower focus, there could be additional risk given less diversification. Investors can look at a fund's prospectus, which details its investment objectives, possible risks, fees, asset composition, and performance history, to get a better idea of whether a specific fund is right for their money goals. ETFs tend to have lower expense ratios than mutual funds. That's because when investors buy mutual fund shares, there's more work that goes into managing the transaction, which leads to higher costs for the mutual fund company. According to State Street , ETFs' median expense ratio is 0.52% versus 0.91% for mutual funds. It's important to consider fund costs since they can ultimately take a bite out of overall returns. It's also worth noting that mutual funds often have minimum investment thresholds, while ETFs do not have minimum investments outside the price of each share purchased. ETFs and mutual funds are set up by professional money managers at major investment firms, offering investors an easier way to own stocks than running their own portfolios. Jim Cramer has long advocated that market beginners put their first $10,000 into an S & P 500 index mutual fund or ETF and then pick no more than five individual stocks. The Club owns 30 stocks, but Jim and two other analysts run the portfolio, backed by an entire editorial team. Jim says "buy and homework," not "buy and hold," meaning investors must actively monitor developments that could affect their investments. Jim's rule of thumb is one hour of homework per week per stock. — See here for a full list of the stocks in Jim's Charitable Trust, the portfolio used by the CNBC Investing Club. 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.
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