Every weekday, CNBC Investing Club with Jim Cramer publishes Homestretch – an actionable afternoon update just in time for the ultimate hour of trading on Wall Street. Thursday Markets: Stocks are taking a breather after Wednesday's big rise, particularly within the Nasdaq Composite and the narrower Magnificent Seven group. The yield on the benchmark 10-year Treasury note rose above 4.3% after a have a look at wholesale inflation for November, generally known as the producer price index, got here in barely higher. However, the market still largely expects the Federal Reserve to chop rates of interest by 1 / 4 of a percentage point at its policy meeting next week, which might increase its goal range to 4.25% to 4.5%. However, what happens in 2025 remains to be up for debate. We wouldn't be surprised to see a “hawkish rate cut” next week, with the Fed continuing its message that it’s in no rush to chop rates. Regardless, it was a historic day on the New York Stock Exchange as President-elect Donald Trump rang the opening bell. Jim Cramer had the chance to interview Trump on site. Here's a more in-depth have a look at a few of Trump's comments on the stock market and key trends like artificial intelligence and growing electricity demand. Bristol Dividend Increase: Bristol Myers Squib late Wednesday announced a 3.3% increase in its quarterly dividend, bringing its annual payout to $2.48. After the recent decline to around $56 per share, the stock now trades with a generous 4.4% dividend yield – and we're eyeing our next buy within the drugmaker, which we like for its progressive schizophrenia treatment. At around $56 (plus change), the stock is just about 4% above where it was before AbbVie's competing schizophrenia drug failed to fulfill its primary endpoint in two mid-stage trials. Bristol Myers stock rose from $54.14 to $59.82 in AbbVie's Nov. 11 update, and the indisputable fact that it gave back greater than half of those gains looks as if a chance. It was an enormous moment for Bristol Myers because, reasonably than looking prefer it has an enormous lead in schizophrenia, it looks as if it could keep that space to itself for some time – no less than in relation to latest approaches to it Treatment of the disease is feasible. That's an enormous, financially lucrative difference. Next up: Two corporations within the portfolio report earnings after Thursday's closing bell: Costco and Broadcom. For Costco, sales numbers are already known because the corporate reports them every month. Because of this, we are going to focus more on membership fee growth and trends and the way the corporate is investing to maintain prices low. For Broadcom, we’re watching three things: (1) AI sales, each custom chips and networks, (2) the recovery of the legacy semiconductor business, and (3) VMWare integration. Broadcom shares rose on Wednesday on a media report that Apple is considering a partnership with Broadcom for a custom AI chip. But Broadcom shares gave back a few of those gains on Thursday after Bloomberg reported that Apple plans to switch Broadcom's Bluetooth and Wi-Fi chips with a proprietary component next 12 months. This is a bit at odds with last Friday's Bloomberg story, which reported Apple's plan to switch Qualcomm's modem system but proceed the connection. Could this be a situation where Broadcom loses its wireless partnership but gets an enormous AI win that could possibly be more lucrative over time? Time will tell. (An entire list of Jim Cramer's Charitable Trust stocks may be found here.) As a subscriber to CNBC Investing Club with Jim Cramer, you’ll 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 foundation's portfolio. If Jim discussed a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE INVESTING CLUB INFORMATION SET FORTH ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, ALONG WITH OUR DISCLAIMER. THERE ARE NO fiduciary duty or duty IN RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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