economy
January 14, 2026
Financial stocks have another rough day, while two sectors buck market slump
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 is down approximately 1% on Wednesday, heading for its worst session since mid-December.
- Mega-cap tech stocks, including the Magnificent 7 and Broadcom, are contributing to the market decline.
- Financial stocks like Citigroup, Bank of America, Wells Fargo, and JPMorgan are seeing investors take profits after earnings.
- Wells Fargo missed revenue and earnings per share estimates.
- Energy stocks are rallying due to rising WTI crude prices and concerns over potential supply disruptions in Iran.
- Consumer staples stocks are performing well, a sector often favored during increased market volatility.
- Jim Cramer's Charitable Trust bought Procter & Gamble shares in November and added to the position this month.
- The trust sold some Wells Fargo and Goldman Sachs shares on Tuesday, following a pattern of bank stocks struggling post-earnings after prior rallies.
- Upcoming earnings reports include Goldman Sachs, BlackRock, Morgan Stanley, and Taiwan Semiconductor.
- Weekly jobless claims will also be released on Thursday.
- Subscribers to the CNBC Investing Club receive trade alerts, with Jim Cramer waiting 45 minutes after an alert to trade, or 72 hours if a stock was discussed on CNBC TV.
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