Chip stocks rebound, and Goldman racks up a series of M&A wins

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. A market rally is finally holding on Monday, with the S & P 500 and Nasdaq on pace to snap a five-session losing streak. Most of the "Magnificent Seven" rebounded from last week's pullback, with Club names Amazon , Alphabet and Meta Platforms leading the charge. Microsoft and Apple , which we also own, are still struggling. The semiconductor group has had a volatile day but are trading higher in the afternoon, with Club stocks Arm Holdings , Intel and Broadcom shaking off earlier losses. Corning and Palo Alto Networks were the two biggest gainers in the portfolio. Both made new all-time highs in Monday's session. Other stocks making new intraday record highs include Eli Lilly , Johnson & Johnson and Cardinal Health . That continues a nice comeback for the once-unloved healthcare group. Several defensive stocks sat out the market rally, as TJX Companies , DuPont , Linde , Procter & Gamble , and Costco all traded lower. Also, Honeywell Technologies shares stumbled in its first day of trading since spinning off its aviation unit into Honeywell Aerospace . Conversely, Honeywell Aerospace was having a strong debut, up over 3% to over $228 a share. Shares of Club name Goldman Sachs ended last week on a sour note, thank in large part to reports that OpenAI could delay its initial public offering until next year. …