Each weekday, CNBC Investing Club with Jim Cramer releases Homestretch – an action-packed afternoon update leading up to the last hour of trading on Wall Street. Not seen since the start of the Iran war: oil prices and stocks together. Crude and equities have largely had an inverse relationship lately, with the former driving the bus. But not Tuesday. Major stock benchmarks — the S&P 500, Nasdaq and Dow — were in the green across the board, though they were off day highs in afternoon trade. Who knows if this will last or be short-lived – only time will tell. We know that oil prices were trading higher on Tuesday because of the reluctance of US allies to provide tanker convoys through the Strait of Hormuz. As Jim Cramer has repeatedly said, crude prices will not be able to stabilize until oil cargoes can move freely through the strait without fear of attack. Until that happens, Jim said, because energy is an unavoidable expense for consumers and businesses, it drives spending decisions that fuel our consumption-led economy. DuPont’s $1.8 billion divestment of its aramids business, which includes Kevlar, is coming into the picture. The transaction has met all regulatory conditions and is expected to close on April 1, the company said in a filing late Monday. The deal was announced last August with an original timeline of the first quarter of 2026. We expect the sale to generate cash proceeds of approximately $1.1 billion on a net tax basis. This is a classic shift away from slow-growing segments and into faster-growing, less cyclical businesses. Such changes are often rewarded over time with higher price-to-earnings multiples. Management has a shareholder-friendly approach to capital allocation and can use this money for share buybacks. DuPont is exiting the Qnity electronics business after last year’s successful spin-off. It’s all part of a strategy to become a more focused and streamlined company. Amazon announced new one-hour and three-hour deliveries for US customers in certain areas of the country. The one-hour option is available in hundreds of cities, including Los Angeles, Chicago, and Washington, DC, while the three-hour option is offered in over 2,000 large and medium-sized cities and towns and some smaller areas. Prime members pay $9.99 for one-hour delivery and $4.99 for three-hour delivery. Non-Prime customers pay $19.99 for one-hour delivery and $14.99 for three-hour delivery. The new fast delivery options include more than 90,000 products, such as everyday essentials and items commonly found at the local Supercentre. Faster and faster delivery allows Amazon to go directly after spontaneous shopping trips that have historically been driven by quick, in-person stops at retailers like CVS , Walgreens , Walmart , and Target . Next, after Bell, are some outside-portfolio acquisitions including Oklo, Lululemon and Docusign. On Wednesday morning, we will get an important update on wholesale inflation. At noon, the Federal Reserve will wrap up its two-day monetary policy meeting, with central bankers expected to hold interest rates steady. Fed chairman Jerome Powell, whose term ends in May, will hold a subsequent meeting that will be closely watched for his thoughts on war and higher oil prices. (See here for a complete list of stocks in Jim Cramer’s Charitable Trust.) By subscribing to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim trades. Jim waits 45 minutes after sending a trade alert before buying or selling stock in his charitable trust’s portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The above Investment Club information is subject to our terms and conditions and privacy policy, including our disclaimer. No fiduciary obligation or duty shall exist, or be created, by your receipt of any information provided in connection with Investing Club. No specific result or profit is guaranteed.
