Wall Street analyst jumps to Disney's defense — plus, why Broadcom is bucking the chip decline

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. Resilient Dow: The Dow Jones Industrial Average is on pace for its sixth positive session in a row Wednesday, adding nearly 150 points, or 0.4%. Meanwhile, the S & P 500 was basically flat, putting its four-day win streak in jeopardy.

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.

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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Nov 02, 2023 when Wall Street traded near 33,825.70.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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