By Jeff Marks,Paulina Likos,Morgan Chittum
Publication Date: 2025-11-19 19:35:00
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. Markets : The S & P 500 on Wednesday was on pace to snap a four-session losing streak that resulted in a pullback of about 3.4% as of Tuesday’s close. The direction of the market Thursday likely depends on what Nvidia ‘s earnings show after the bell. What the AI platform maker has to say about the sustainability of AI spending, and the return its customers get on their significant investments, are among the questions we want answers to. Shares of Nvidia were up 2% in Wednesday afternoon trading to around $185. However, the stock is still 10.6% lower than its record-high close of $207 on Oct. 29. Unlike previous quarters, Nvidia shares are not coming into the print super hot. On sale: Costco shares on Wednesday were hovering just above their 52-week low. But we’re still a buyer of the wholesale retailer’s stock. It’s been a tough year for Costco. After making a new all-time high in February, and quickly rebounding from its early April “liberation day” lows back to those levels in June, the stock has been sliding ever since. For the year, shares are down more than 3% compared to the S & P 500’s 12% advance. Costco has always been an expensive stock on a price-to-earnings basis because of its durable business model and recurring membership fees. But Costco trading at 44 times forward earnings is a rare…