Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. Markets were mixed in late trading Tuesday as bonds moved up in price and down in yield. Some of the move was in reaction to Fed speak. Fed Governor Christopher Waller said he’s “increasingly confident” that the current policy is positioned to get inflation back to 2%.” But stocks turned lower around 1pm after tepid demand for an auction of 7-Year Treasuries. The performance in shares of Constellation Brands (STZ) has been disappointing as of late even though there have been several catalysts that could have moved the stock higher. The company is coming off a well-received Investor Day but some investors believe GLP-1 medications, some of which are now approved for weight loss could impact alcohol consumption. Still, we are not concerned about the drugs’ impact on STZ because it should have little influence on beet and the company has a premium high demand beer business. Looking ahead to tomorrow, we’ll be anticipating earnings from Foot Locker (FL), reporting Wednesday before the bell. We’re not sure if it will be a positive or negative print but we know that the company is exposed to a lower income consumer who has been challenged. Although, over time, it’s possible the sneaker retailer can put up better numbers. (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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