How we navigated the wild week on Wall Street

It was a turbulent week for investors. President Donald Trump's threat to raise tariffs on eight European countries that oppose his bid to take over Greenland sent the stock market into crisis on Tuesday, with the S&P 500 and Nasdaq posting their worst days since October. Both averages recovered the next day after Trump announced that the United States had reached "the framework for a future agreement on Greenland" and would not impose higher tariffs. Jim Cramer and Jeff Marks, the Investment Club's director of portfolio analysis, reported the news at Thursday's January Monthly Meeting. Overall, the S&P 500 and the tech-heavy Nasdaq finished the holiday-shortened trading week down 0.4% and 0.1%, respectively. .SPX .IXIC 5D mountain S&P 500 and Nasdaq 1-week Earnings season also accelerated and our two Club holdings did not do very well. Procter & Gamble reported a mixed quarter on Thursday morning; it outpaced gains but lost revenue. This wasn't a huge shock to us, given that roughly two-thirds of the quarter was affected by the historic government shutdown that delayed Supplemental Nutrition Assistance Program benefits. But the worst may be behind the consumer packaged goods giant. Newly-assumed CEO Shailesh Jejurikar reiterated the company's outlook for the year despite the challenging quarter. Capital One also delivered mixed results; It lagged in sales but lost earnings due to higher expenses. We're still optimistic about the nation's largest credit card provider over the long term, and we're confident it will deliver further value to shareholders with its acquisitions of Brex and Discover earlier this year, announced Thursday. Shares fell following Friday's earnings release, prompting us to upgrade Capital One to a buy-equivalent rating of 1. The ups and downs in the market also led us to make some transactions. We first bought the dip in Alphabet on Tuesday. Alphabet finished the week down 0.6%. On Wednesday, we took some profit from Dover, which hit an all-time high. It's the second time this month we've reduced the industrial stock, which has fallen since the company's third-quarter earnings in October. Dover will report its fourth quarter later this month, and while management will likely announce that, we want to hedge against a potentially more conservative outlook as we head into 2026. After this sale, the Club received a gain of approximately 13% on the shares purchased in May 2024. Finally, we dropped Qnity Electronics, which is up 17.7% year-to-date in a parabolic move as we head into 2026. Although the future of the DuPont spinoff looks bright as a beneficiary of increased AI spending, we don't want to get greedy. As we always say, discipline trumps belief. (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. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.