Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. This story has been updated since it was first published before 3 p.m. ET following what President Donald Trump told CBS News about the Iran war. The S & P 500 reversed higher Monday after President Donald Trump told a CBS News reporter the Iran war could be over soon. Those remarks also flipped oil prices sharply lower. Before the president’s reported comments, selling pressure in equities was already easing as the surge in oil prices cooled, further demonstrating how crude has become an important gauge for investors during the Iran war. West Texas Intermediate crude retreated from roughly $119 per barrel late Sunday to about $100 at the market open, before sliding further to around $95 by the afternoon. WTI went under $86 following Trump telling CBS News that he is considering taking over the Strait of Hormuz, the key Mideast waterway for crude transport that Iran vowed to close. Earlier in the day, the Group of Seven countries was talking about a potential release of strategic oil reserves to take some pressure off oil, which came into 2026 around $57 per barrel — still about 30% lower than current levels. On volatile days like Monday, it can be especially helpful to look underneath the hood of the index and see what the market’s winners and losers are saying. When oil was at its highs of the session, financials, consumer discretionary, and materials were the worst-performing sectors in the S & P 500, and their weakness alongside rising oil prices makes sense. It is notable that technology and AI-related stocks — the engines of this multiyear bull market — were leading the market’s recovery Monday. It could be the market’s way of saying, at least for now, that this AI capital expenditure investment cycle transcends this (hopefully short-term) elevated oil prices. Club name Broadcom is adding to last week’s post- earnings gains, up more than 4% and sitting near the top of the leaderboard for the entire S & P 500. Meanwhile, Nvidia is trading higher as the market increasingly looks towards next week’s GTC conference, and GE Vernova is responding to a positive analyst recommendation. Up next, after the closing bell, are earnings from Hewlett Packard Enterprise , Casey’s General Stores , and Vail Resorts . Before the opening bell on Tuesday, we’ll see earnings from retailer Kohl’s and the Chinese electric vehicle maker NIO . On the data side, there is NFIB Small Business Optimism Index and the National Association of Realtors’ Existing Home Sales. (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.
Familiar winners dot Monday’s stock leaderboard. Here’s what the market is signaling
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