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. Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday’s sharp selloff, which was triggered by concern over Iran’s missile attacks on Israel. All three stock benchmarks closed only slightly higher Wednesday. U.S. oil prices have been soaring — up another 4%-plus to more than $73 per barrel — as the world awaits a response from Israel, which has vowed to retaliate. There are fears that Israel could target Iran’s oil infrastructure and cause major supply disruptions. The Mideast uncertainty was putting a lid on the Dow , the S & P 500 , and the Nasdaq ahead of Friday’s pivotal jobs reports. Club movers : Constellation Brands was our worst-performing stock Thursday, losing more than 4% after the Modelo and Corona brewer’s earnings contained no real surprises . After Constellation made big changes to its guidance a month ago, the stock had been outperforming the market. Nvidia was our best-performer on the session, gaining more than 3% on positive comments from CEO Jensen Huang to CNBC late Wednesday about “insane” demand for the company’s upcoming artificial intelligence Blackwell chip platform. Huang also said Blackwell was in “full production,” reassuring investors following some recent snags. Multiyear high : Dow and Club stock Home Depot reached its highest level since late 2021 before reversing slightly lower with the rest of the market Thursday. The home-improvement retailer got a positive mention Wednesday from research firm Gordon Haskett, which upgraded the stock to a buy and raised its price target to $450 per share. On Thursday, Home Depot’s retail advertising unit, Orange Apron Media, announced a new self-service platform, allowing onsite and offsite campaigns. Retailers, including fellow Club name Amazon , are increasingly getting into the lucrative digital ad business. Power possibilities : Alphabet CEO Sundar Pichai is looking at possibly using nuclear energy to power its data centers. In a Nikkei interview , Pichai said that such considerations are part of the company’s net-zero 2030 emissions goal. The CEO’s comments came shortly after Microsoft agreed to buy nuclear power from Constellation Energy , which plans to restart Three Mile Island as part of the deal. Pichai also mentioned solar. On Thursday, Alphabet announced a 12-year agreement to buy renewable energy from a solar project under development. The rise of generative AI computing has forced tech companies to think critically about the power that will supply their growing data center footprint. In general, AI computing is more energy intensive than traditional workloads of the past. Up next : There are no major earnings Thursday evening or Friday. As mentioned, the big market event of the week is Friday’s employment report. It follows Wednesday’s better-than-expected ADP data on…
Read More: Nvidia bucks the market, and oil jumps on fears of how Israel may respond