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. Jim and the Club’s director of portfolio analysis, Jeff Marks, recorded a special video for Tuesday’s edition due to sell-off in stocks. Stocks fell across the board Tuesday – but the Club is not seeing a whole lot of buying opportunities just yet, Jim Cramer and Director of Portfolio Analysis Jeff Marks explained during a special video edition of the Homestretch. In sessions like Tuesday’s, with the Nasdaq Composite and Dow both down more than 1% and the S & P 500 dropping nearly 1%, we are always on the lookout for chances to purchase stocks falling more than they should. “We’re watching and waiting,” Jim said. “We are examining everything today. Because the averages are down, I thought there’d be much, much more to buy. I don’t see that much to do.” The reason is simple: The declines in stocks we want bigger positions in are not meaningful enough to warrant buying. That group includes electronics retailer Best Buy , which we added to the portfolio last week, and health-care firm Abbott Laboratories , which was slightly positive Tuesday. “This is not enough,” Jim said, pointing to Best Buy’s stock falling only $1.60 a share, or approximately 2%. “This is the pattern: The not-enough pattern.” If there was one intriguing part of the market Tuesday, it would be cybersecurity. Palo Alto Networks “is at a level that I’m very interested in,” Jim said. “Palo Alto was the only one that hit me.” (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.
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. Jim and the Club’s director of portfolio analysis, Jeff Marks, recorded a special video for Tuesday’s edition due to sell-off in stocks.