每个工作日，吉姆·克雷默的CNBC投资俱乐部都会发布“收盘冲刺”——一份可操作的午后更新，正好赶在华尔街交易最后一小时之前。股市普遍上涨，纳斯达克指数上涨约1%，标普500指数涨幅约为其一半。这两大指数此前均因AI相关股票遭抛售而连跌三个交易日。然而，周二投资者重新转向半导体以及电力、电气设备和液冷供应商，如伊顿，后者发布了强劲的季度业绩并上调了全年展望。
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. Stocks are largely higher , with the Nasdaq up roughly 1% and the S & P 500 up about half that. Both indexes are coming off three-session losing streaks due to selling in AI-related names. However, investors on Tuesday are turning back to semiconductors and power, electrical equipment, and liquid cooling providers like Eaton , which posted strong quarterly results and raised its full-year outlook.
芯片股的轮动回归发生在苹果股价下跌约2%之后，原因是苹果给出了令人失望的毛利率展望，归因于内存芯片成本上升，而内存芯片由美光生产。苹果股价上周四收于历史新高。近期其表现优于亚马逊、Meta Platforms、微软和Alphabet等超大规模云服务商——因此，随着iPhone制造商股价下跌，看到这些股票反弹或许并不完全令人意外。
The rotation back into chip stocks comes after Apple shares fell about 2% after providing a disappointing gross margin outlook due to the rising cost of memory chips, which are made by Micron . Apple shares closed at a record high last Thursday. They have recently outperformed hyperscalers Amazon , Meta Platforms , Microsoft , and Alphabet — so it may not be a complete surprise to see those names rebound as shares of the iPhone maker decline.
值得注意的是，苹果股价已从周二盘中低点收窄跌幅，跌幅收窄至近4%。周二国债收益率上升，尽管油价小幅下跌。近期趋势是，当AI股票抛售时，债券价格会因避险情绪而上涨。随着芯片股和其他AI概念股反弹，我们看到相反的情况出现，债券价格下跌、收益率上升。在较小程度上，收益率上升也可能是对好于预期的经济数据做出的反应，政府的职位空缺与劳动力流动调查（JOLTS）、工厂订单和耐用品订单均超出预期。
It is worth noting that Apple stock has cut its losses from Tuesday's session lows down nearly 4%. Treasury yields rose Tuesday despite a small drop in oil prices. The recent trend has been for bond prices to rally in a flight to safety when AI stocks sell off. With chip stocks and other AI names rebounding, we're seeing the reverse, with bond prices falling and yields rising. To a lesser extent, yields may also be reacting to better-than-expected economic data, with the government's job openings and labor turnover survey (JOLTS), as well as factory orders and durable goods orders, all beating expectations.
本周最重要的经济数据发布是周五的非农就业报告。大选日来临，我们的关注点不一定在于谁控制众议院和参议院。我们自8月以来提出的问题是，在中期选举前夕，政客们反数据中心的言论日益升温。
The most important economic release of the week is Friday's nonfarm payrolls report. Election Day is here , and our focus isn't necessarily on who has control of the House and Senate. The issue we have raised since August was the rise in anti-data center rhetoric among politicians leading up to the midterms.
我们想观察这些立场在投票结束后是否会有所缓和。在没有负面消息的情况下，中期选举可能成为AI交易的一个清理事件，尽管关于后续建设资金如何筹措仍存疑问。此外，由于我们在等待看大选后中东是否会出现重大升级，一直推迟从投资组合的大量现金头寸中有意义地部署资金。盘后财报包括超威半导体、超微电脑、安进、Arista Networks、Booking Holdings和Block。
We want to see whether those stances ease once the voting is done. In the absence of negative news, the midterms could act as a clearing event for the AI trade, though questions remain about how the buildout gets funded from here. Additionally, we've been holding off on meaningfully deploying capital from our large cash position in the portfolio as we wait to see whether the election is followed by a major escalation in the Middle East. After the bell earnings include Advanced Micro Devices, Super Micro Computer, Amgen, Arista Networks, Booking Holdings, and Block.
周三开盘前，半导体行业材料供应商Qnity Electronics将发布季度财报。其他发布财报的公司包括CVS Health、Cencora、Uber、诺和诺德、卡夫亨氏、麦当劳和史丹利百得。数据方面，我们将获得标普全球美国服务业PMI和供应管理协会（ISM）服务业指数。（吉姆·克莱默慈善信托基金持有ETN、AAPL、MU、AMZN、GOOGL、MSFT、META的多头头寸。）
Before Wednesday's open, materials supplier to the semiconductor industry Qnity Electronics is out with its quarterly results. Other companies reporting include CVS Health, Cencora, Uber, Novo Nordisk, Kraft Heinz, McDonald's, and Stanley Black and Decker. On the data side, we get the S & P Global U.S. Services PMI and the ISM's Services Index. (Jim Cramer's Charitable Trust is long ETN, AAPL, MU, AMZN, GOOGL, MSFT, META. )