Every day of the week, the CNBC Investing Club with Jim Cramer publishes the Homestretch-an update usable in the afternoon, just in time for the last hour of negotiation at Wall Street. Markets: The S&P 500 is on the right track for its seventh consecutive positive session, extending its race for record summits to launch the new week of negotiation. The Nasdaq, with a strong technological component, is also up, while the Dow Jones Industrial Average was slightly negative. The AI trade is at the top of the Monday earnings following the announcement that Openai and AMD concluded a major multi -year partnership. The first reaction of the market was to sell the names of the Nvidia and Broadcom club to this news, but we do not consider this rapprochement as a major threat to one or the other company. NVIDIA and Broadcom have relations with OPENAI, which strives to obtain as much calculation power as possible. It would not be a new week without major news in matters of mergers and acquisitions. FIFTH Third, based in Cincinnati, has announced the acquisition of Comerica, based in Dallas, as part of a transaction entirely in shares valued at $ 10.9 billion, marking the largest American banking merger of the year. Goldman Sachs, which we hold because of his leadership in investment banking, was the exclusive financial advisor of Fifth Third. When the big banks will publish their third quarter results next week, we expect them to echo Jefferies and display strong growth in investment banking costs. Goldman Sachs and Wells Fargo will publish their results next Tuesday, October 14, before the opening bell. Entrance to the Bullpen: We add Corning to the Bullpen. The company based in the northern New York State is known to make all kinds of special glasses, including optical fiber cables. With global demand for the use of video that increases exponentially, telecommunications networks go from copper systems to optical systems that offer improved and profitable capacity. The rise of artificial intelligence also results in high demand for fiber optics and connectivity products within the data centers. When UBS increased the Corning action to a neutral level in early September, analysts noted that modern AI data centers require four to 16 times more fiber content than previous generation data centers. This is one of the main reasons why Corning activities are booming and the title has increased by around 80 % this year. The company is also a huge Apple supplier. In August, Apple announced a commitment of $ 2.5 billion to Corning to produce all the protection glasses for iPhones and Apple watches in the Corning manufacturing plant in Harrodsburg, in Kentucky. Last month, Jim Cramer went to Kentucky and spoke with Wendell Weeks, CEO of Corning, and Tim Cook, CEO of Apple, to discuss the partnership. Next step: the brewer Corona and Modelo, Constellation Brands, reports after the closing bell on Monday. Before the opening bell on Tuesday, the McCormick spice manufacturer publishes its results. (See here for a complete list of the actions of the Charitable Trust Jim Cramer’s.) As an abundance at the CNBC Investing Club with Jim Cramer, you will receive a commercial alert before Jim makes a transaction. Jim waits 45 minutes after sending a commercial alert before buying or selling an action from the portfolio of his charity. If Jim spoke of an action on CNBC TV, he waits 72 hours after the emission of the commercial alert before executing the transaction. The above information on the investment club is subject to our terms and conditions and privacy policy, as well as our notice of non-responsibility. No fiduciary obligation or obligation exists, or is created, under your reception of any information provided in relation to the investment club. No specific result or profit is guaranteed.
