By Jeff Marks,Kevin Stankiewicz
Publication Date: 2026-02-12 19:18:00
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. Stocks are selling off Thursday, with the Dow Jones Industrial Average , S & P 500 and Nasdaq all down more than 1%. When the market was on a steadier footing early in the session, we said on the Morning Meeting that we planned to take some profits and raise cash in a market that was beginning to look overbought. Sure enough, the market tumbled shortly after our program ended. Fortunately, we were still able to lock in profits in Eaton and Procter & Gamble into their double-digit percentage gains this year. To answer the question of why the market moved sharply lower, there’s fear across numerous industries about AI disruption. It’s hitting software again, the financials , office real estate stocks, and even trucking and logistics names. AI models are getting smarter and becoming more advanced by the day, and…