‘Magnificent Seven’ stocks are a bright spot Tuesday as the market bounces off its lows

The CNBC Investing Club with Jim Cramer provides a daily afternoon update called the Homestretch for the last hour of trading on Wall Street. The market on Tuesday saw the S & P 500 bouncing off its lows and moving into positive territory, despite concerns about rising Treasury yields and corporate earnings reactions. Some companies like Nucor gave weak guidance, while others like 3M and RTX beat expectations but saw their stocks decline. The “Magnificent Seven” stocks including Microsoft, Amazon, and Alphabet performed well, potentially due to rising interest rates. Upcoming earnings reports from companies like Seagate Technology and Texas Instruments will provide further insight. As a subscriber, you will receive trade alerts before Jim makes a trade, with specific guidelines to follow.