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 were higher for most of the early part of Tuesday’s session, but the market gave back its gains after U.S. oil benchmark WTI crude jumped 5% to $94 per barrel, causing the yield on the benchmark 10-Year Treasury note to climb to 4.3%. Geopolitical tensions are calmer today than they were one month ago, but there’s still plenty of uncertainty surrounding the state of the current Iran war ceasefire. One update the market didn’t like was a New York Times report that Vice President JD Vance’s diplomatic trip to Pakistan was put on hold because Iran failed to respond to American negotiating positions. Earnings are rolling in, and so far, the reaction has been mixed. While most companies are beating analyst earnings per share expectations, several have either reiterated their full-year outlooks or raised guidance by less than the beat. For example, UnitedHealth ‘s first-quarter EPS beat by 66 cents but the insurance giant merely raised its full-year outlook by 50 cents. Raytheon parent RTX , meanwhile, beat by 26 cents but raised its guidance by 10 cents. In other words, the entirety of the first-quarter beat wasn’t passed through to the full-year outlook. Elsewhere, GE Aerospace and 3M both beat expectations but reiterated their full-year guides. This all suggests that companies are generally doing better than expected, but there’s a hesitation to raise numbers so early in the year when a lot can change, especially due to the Iran war. Shares of RTX, GE Aerospace and 3M are all down Tuesday, indicating some disappointment among their investor bases. However, it’s not unusual to see management keep expectations in check one quarter into the year. Management teams usually start the year off conservatively because the last thing they want to do is take numbers up prematurely and be forced to cut them down the road. Doing that would hurt their credibility, and that is something not easily restored. Club name Capital One reports after the closing bell on Tuesday. Analysts are looking for Capital One to report total revenue of $15.36 billion and adjusted earnings per share of $4.55, according to LSEG. We’re hoping to see a more meaningful realization of synergies from the Discover acquisition, in particular, with a more rational level of investment across the business. Other companies reporting include Intuitive Surgical , EQT Corporation , United Airlines , and Chubb . Before the opening bell on Wednesday, we’ll see earnings from Club holdings Boeing and GE Vernova . For Boeing, we’ll be focused on free cash flow, especially its full-year expectations, since the first quarter may be light due to a temporary wiring issue delaying deliveries. We also want to hear more about the expected commercial airplane product ramp expected later this year. Our focus on the GE Vernova…
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