Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it. “I want to be greedy on the downside. I want to be giving on the upside,” Jim Cramer said on Tuesday’s edition of the “Homestretch.” “When I see a stock getting tossed out that I love, that is fantastic.” Building on Jim’s philosophy, we analyzed the Club’s portfolio to identify beaten-down stocks that trade at reasonable valuations. The specific circumstances around each stock vary, and impact our ultimate view on whether now is the time to buy. But in general, stocks that meet the following criteria may be the kinds of opportunities to consider taking further action on: The stock trades at least 15% below its 52-week high, as of Tuesday’s closing price. We used the 15% cutoff because the market is in overbought territory, based on Jim’s trusted S & P 500 Short Range Oscillator . In those situations, we have a higher threshold for determining a stock is worth buying on weakness. The stock has a forward price-to-earnings multiple under 18, which puts its valuation below the S & P 500’s forward P/E, as of Tuesday’s close. We found 10 Club holdings that met both measures, including Caterpillar (CAT) and Halliburton (HAL). Here’s a breakdown of the full list — plus our thinking on which stocks look like buys Wednesday. BHC 1Y mountain Bausch Health’s 12-month stock chart. 52-week high date: April 5, 2022 Percent below 52-week high: 68.4% Forward P/E: 2.1 We continue to view troubled Bausch Health as a wait-and-see situation. Specifically, we’re awaiting fresh information on the pharmaceutical company’s legal fight over its patent for the drug Xifaxan. CTRA 1Y mountain Coterra’s stock performance over the past 12 months. 52-week high date: June 8, 2022 Percent below 52-week high: 31.35% Forward P/E: 9.2 We want to see another pullback in the energy sector before thinking about committing more cash to Coterra Energy (CTRA) and other holdings in the group, which had a nice little rally off mid-March lows. In fact, we used that recent strength to exit our Devon Energy (DVN) position Tuesday. We are content with staying patient in Coterra. Management’s decision earlier this year to make stock buybacks a higher priority means we should steadily own more of the company without needing to buy additional shares. PXD 1Y mountain Pioneer Natural Resources’ 12-month stock performance. 52-week high date: May 31, 2022 Percent below 52-week high: 26.94% Forward P/E: 9.5 Our view on Pioneer Natural Resources (PXD) is similar to Coterra. We made two purchases at lower levels in March, most recently on March 20 at around $185 per share. But now after back-to-back strong weeks for the stock, we see no reason to add to our position up here around $209 per share Wednesday. WFC 1Y mountain Wells Fargo’s stock performance over the past 12 months. 52-week high date: April 11, 2022 Percent below 52-week high: 26.66% Forward P/E: 7.6 For investors who believe the U.S. economy is not headed toward a steep recession, Wells Fargo (WFC) is a buy under $37 per share. Of course, bank stocks have fallen out of favor on Wall Street following the collapse of three U.S. lenders in March, and could remain a near-term headwind on WFC shares ahead of the firm’s April 14 earnings report. But the bank’s fundamental turnaround story is intact and will create value over time. That’s what makes the stock attractive here at less than 8 times earnings. HAL 1Y mountain Halliburton’s stock price over the past 12 months. 52-week high date: June 8, 2022 Percent below 52-week high: 24.46% Forward P/E: 10.4 Like our two other energy stocks, we want to see another pullback in Halliburton shares before we’d add to our position. The stock is still trading above our most recent purchase price, at roughly $30 per share, on March 17 when Wall Street was dumping the oils. Big picture, the oilfield services’ company is still poised to benefit from a multiyear upcycle in investment activity. F 1Y mountain Ford Motor’s 12-month stock performance. 52-week high date: August 16, 2022 Percent below 52-week high: 23.74% Forward P/E: 7.8 Many market participants are very negative on Ford Motor (F), due in part to fears the U.S. economy is entering a cyclical downturn that will crimp auto sales. However, the bears are too pessimistic. We see Ford as a buy here. On Tuesday, Ford said first-quarter vehicle sales rose roughly 10% compared with the year-ago period. Ford’s full first-quarter earnings report, set for May 2, should demonstrate the company’s earnings leverage as costs in its internal combustion division come down. QCOM 1Y mountain Qualcomm’s stock performance over the past 12 months. 52-week high date: July 22, 2022 Percent below 52-week high: 21.93% Forward P/E: 11.7 Our sour attitude on Qualcomm (QCOM) remains, and we don’t want to allocate any funds to the chipmaker here. As Jim mentioned during the Club’s March edition of the “Monthly Meeting,” , we may look to exit our position in Qualcomm if the stock gets back to the $130 levels. CAT 1Y mountain Caterpillar’s stock performance over the past 12 months. 52-week high date: Jan. 27, 2023 Percent below 52-week high: 18.26% Forward P/E: 13.4 Caterpillar is a beaten-down stock worth buying. We acted on that view Tuesday, buying 20 shares at roughly $217 apiece. The stock remains on sale Wednesday, down about 2% to $213 per share. Caterpillar’s slide comes as mounting recession fears prompt Wall Street to buy defensive sectors like health care and sell traditionally cyclical sectors. However, our belief that Washington’s infrastructure spending is a multiyear boon to Caterpillar allows us to view this weakness as a buying opportunity. MS 1Y mountain Morgan Stanley’s stock performance over the past 12 months. 52-week high date: Feb. 14, 2023 Percent below 52-week high: 16.01% Forward P/E: 11.6 Shares of Morgan Stanley (MS) have fallen on hard times amid the fallout from the U.S. banking crisis. But we’re sticking with the firm because of its pivot toward asset management. We value the stability that asset management’s fee-based revenues bring compared with Morgan Stanley’s traditional investment banking operations. The stock looks cheap now at less than 12 times earnings, and over time its transformation should support a premium valuation. JNJ 1Y mountain Johnson & Johnson’s stock performance over the past 12 months. 52-week high date: April 25, 2022 Percent below 52-week high: 15.11% Forward P/E: 14.9 Johnson & Johnson (JNJ) is a buy after the pharmaceutical giant agreed to pay $8.9 billion to settle allegations that the company’s talc products caused cancer. While the settlement with plaintiffs needs approval from a U.S. bankruptcy court judge, it is a great development for J & J shareholders . A series of unfavorable legal rulings this year have been a major overhang on the company’s stock price. Now there appears to be a resolution on the horizon, giving much-needed clarity to investors. Jim said Wednesday J & J has become his favorite Club stock. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber 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 trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas.
Callaghan O’Hare | Bloomberg | Getty Images
Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it.
Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.
According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.
“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.
The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.
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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.
Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.
And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.
The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.
Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.
That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.
The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.
Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.
The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.
Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.
In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.
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U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
— CNBC’s Erin Doherty contributed to this report.
What you need to know today
And finally…
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.
Francis Chung | Bloomberg | Getty Images
When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.
And finally…
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.
Pascal Rondeau | Hulton Archive | Getty Images
The CEO mindset is shifting. It’s no longer all about winning
CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.
In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure.