It was Topsitabee Week on Wall Street and was saved by a big Friday rally. The market was watching weekly losses at the end of Thursday. But a day later, Federal Reserve Chairman Jerome Powell came in and suggested the potential for interest rate cuts. His speech at the Central Bank’s Economic Symposium in Jackson Hole, Wyoming on Friday was something investors wanted to hear, with stocks that are the most profitable, leading the market. The circular, more economically sensitive name grew stronger at DuPont and Home Depot between Friday and the winners of the week. The defensive group delayed, putting Bristol-Myers Squibb and Costco in red for the session and this week. The lower rates lift all boats, but some of our big tech stocks only finished slightly on Friday, but fell for a week. why? Well, the number of rate cuts this year has little effect on names like Metaplatforms and Microsoft. Instead, their fate is more linked to the artificial intelligence boom, rather than reducing borrowing costs. The Dow Jones industrial average hit a new all-time high on Friday, finishing on a record, surpassing previous records since early December. The S&P 500 and Nasdaq Composite also recovered on Friday, but taking the milestones of last week wasn’t enough. Both the Dow and the S&P 500 rose overall this week, but Tech Heavy Nasdaq announced weekly losses. “In the end, Powell is able to thread the needle completely, resulting in all three major averages coming together,” Zev Fima, a portfolio analyst at CNBC Investing Club, wrote in an analysis on Friday. “Looking under the hood of the S&P 500, the main sector is consumer discretion. That makes sense, as lower fees mean more money discretionary money in consumer pockets.” It was a big week for Disney too. The company eventually launched a new ESPN flagship streaming app on Thursday, allowing the Sports Channel to become a standalone streaming service. This product is designed to expand access to all ESPN content to existing subscribers and sports fans outside of traditional streaming bundles. “We believe this will contribute well to ESPN’s revenue over time as engagement grows,” Disney CEO Bob Iger told CNBC on Thursday. However, some on Wall Street were concerned when management said Disney wouldn’t split the subscriber count for the new ESPN product. After all, many people see them as important metrics for assessing the success of streaming platforms. However, Iger said subscriber numbers were “unrelated” and Disney instead took more “agnostic” strategies. “I don’t feel that the way we measure this is immediate, and I don’t feel that subscribers are the only way to measure this,” the CEO added. This week, three club names reported quarterly revenue. On Monday evening, Palo Alto Networks published an exceeded-expected quarter and issued 2026 upward guidance. Cybersecurity companies have broken estimates across all key metrics, including revenue, adjusted revenue (EPS), adjusted free cash flow margin, next-generation security annual revenue (ARR), and total performance obligations. The bright financial outlook has given us peace of mind about Palo Alto’s planned $25 billion acquisition of Cyberark. It turns out that not that. The stock was one of our biggest weekly winners, earning a 5% profit. Club Holdings Crowdstrike and Nvidia will report their earnings next Wednesday. Home Depot posted the mixed results Tuesday morning, missing out on analysts’ top and bottom line estimates. This was the first time for a home improvement retailer since 2014. Still, after inventory surged after management was revealed during post-revenue conference calls, the momentum seen in the quarter continues, excluding unexpected economic shocks. We are still confident in the key catalysts of Home Depot’s stock, including lower fees and pushing even further into the Pro market with its larger acquisitions. The stock was one of the best performances of the week, growing above 3%. It was also one of the top Dow 30. The TJX company released an impressive quarterly revenue report on Wednesday. Management has increased the year-round outlook for discount retailers, and the company has seen strength in all operations segments and has become one of the top performers of the S&P 500 for that session. As a result, the club has raised TJX’s price target from $145 to $150, repeating one rating equivalent to buying stocks. Stocks were pulled back conservatively on Friday, but still rose nearly 3% this week. We only performed one transaction. The club purchased more shares in its latest holding, the Cisco Systems, Tuesday morning. The stock has dropped significantly following last week’s earnings release. The quarter wasn’t pretty, but Cisco CEO Chuck Robbins did a solid job that eased investor concerns and shattered the reasons the security business had experienced a revenue mistake. Inventory rose 1.7%. (Jim Kramer’s Charitable Trusts are long DD, HD, BMY, Cost, TJX, DIS, META, MSFT, PANW, CRWD, NVDA, CSCO. See here for a full list of stocks.) As a CNBC Investment Club subscriber with Jim Kramer, you will receive a trade alert before Jim receives a trade alert. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the fiduciary. No specific outcomes or benefits are guaranteed.
