Goldman nabs its largest-ever fee on M&A deal — plus, another good sign for Dover

Every weekday, CNBC Investment Club with Jim Cramer publishes Homestretch, an actionable afternoon update just in time for the final hour of trading on Wall Street. Markets: The stock market was mixed on Tuesday. Nasdaq came under pressure from weakness in megacap tech names following CoreWeave's quarterly earnings report on Monday evening. The AI infrastructure provider's guidance disappointed Wall Street, with the stock falling more than 15% Tuesday afternoon. Shares of Club holding and chip maker Nvidia fell nearly 3%. Meanwhile, the S&P 500 and Dow indices rose as investors shifted from technology to sectors such as healthcare, energy and consumer staples. Shares of Eli Lilly, the name of the club, rose nearly 3% to a record high on Tuesday. Boeing: The company said Tuesday it delivered 53 jets in October, bringing its total to 493 in 2025. 39 of these deliveries were from 737 MAX jets. The US aircraft manufacturer also received a net total of eight orders during the month. Now that the Federal Aviation Administration has approved Boeing to increase 737 production from 38 to 42 aircraft per month, we expect to see a gradual increase in 737 deliveries in the coming months. In other news, The Air Current reported Monday that Boeing received approval from the FAA last week to move into the third of five phases of certification flight tests for the 777-9. That's Boeing's wide-body jet program, for which it recorded a $4.9 billion non-cash charge in the third quarter due to a longer-than-expected certification process that pushed the timeline for first delivery to 2027. The toll wasn't entirely unexpected, but it felt worse than expected. The delayed timeline also led analysts to cut their free cash flow forecasts. Free cash flow is the most important metric for valuing Boeing. We don't call the news a catalyst. Boeing needs to show that it is making progress on the program. Another setback could be a blow to CEO Kelly Ortberg's turnaround plan. Deal Making: Goldman Sachs owner club is poised to take its biggest-ever M&A deal fee as sole advisor on the $55 billion private takeover of Electronic Arts, maker of Madden NFL and other popular video games. Goldman will be paid a total of $110 million, according to a securities filing Monday: $10 million was paid when the deal was announced in late September; The remaining amount will be paid upon completion of the deal, pending approval from both shareholders and regulators. This pay increase is great news for Goldman's major investment banking division; That's a big reason why the Club initiated a position in the stock for the first time. M&A isn't the only fuel for Goldman's IB business. Initial public offerings also play an important role. Both M&A activity and IPOs are picking up after years of stagnation. Dover: Shares were trading at their highest level since July, up 2.5% on Tuesday. Dover's advance comes after management announced a $500 million accelerated share repurchase (ASR) program on Monday. The company said in a filing that it will receive approximately 2,334,010 shares by Nov. 12; That represents most of the $500 million program based on Monday's closing price of $182.09. We have long been calling for management to lean into its large cash position and benefit from the stock's declining performance in 2025. We're glad to see this finally happening. The ASR comes on the heels of a better-than-expected third-quarter earnings report in October and optimistic comments about next year. "I'm not aware of any businesses in the portfolio that are forecasting revenue declines for next year," CEO Richard Tobin said during the earnings call in late October. The timing of Dover's ASR is another data point that shows confidence in 2026. This is the second ASR announcement by a Club holding in the past week. DuPont also announced $500 million in ASR as part of a $2 billion share repurchase program in its third-quarter earnings report last Thursday. Shares of this multi-industry company hit a new return-adjusted high on Tuesday and are up nearly 20% since it was spun off from Qnity Electronics. Next up: It's a quiet night in terms of earnings, and Oklo's report is the only truly interesting report. We'll see earnings from Nike's running shoe rival On Holding, GlobalFoundries and Circle Internet Group before the opening bell on Wednesday. (See here for a complete list of stocks in Jim Cramer's Charitable Trust.) When you subscribe to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trading alert before buying or selling a stock in his charitable foundation's portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing the trading alert before executing the trade. 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