2 of our banks are at the heart of this week's biggest tech deals

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. The S & P 500 is attempting a modest rebound from last week's pullback but gave back a good chunk of gains in the afternoon. Stocks got a nice boost from a roughly 8% drop in oil prices and a decline of about 4 basis points in the 10-year Treasury yield . Oil fell on hopes of peace talks to resolve the Middle East conflict. However, we would caution against reading too much into any one headline given the possibility of an escalation at some point following the midterm elections Tuesday. Still, the fall in oil and bond yields is helping many different parts of our portfolio, including our banks, Boeing (which we nibbled some on earlier), Home Depot , and our two transportation stocks FedEx and FedEx Freight . Those gains are more than offsetting ongoing pressure in semiconductors like Micron and Intel , and others. It's a busy time for bankers at Club names Goldman Sachs and Wells Fargo , underscoring how the AI boom is creating a windfall for more than just the technology companies driving the innovation. For starters, Goldman is serving as one of the financial advisors to Marvell Technology on the chipmaker's blockbuster acquisition of optical supplier Lumentum . At the time of the announcement, the all-stock deal valued Lumentum at $115 billion, including debt, making it one of the biggest tech takeovers of all time. Though it's encouraging to see Goldman involved in such a historic transaction, it's important to keep in mind that banks typically collect a big chunk of their advisory compensation when the deal closes, known as the "success fee." And that may be a minute with this deal: Marvell expects it to close in the first half of calendar 2028. It requires approval from shareholders and regulators around the world, including China, which is never a given. On CNBC earlier Monday, Marvell CEO Matt Murphy expressed confidence in obtaining the necessary approvals. We don't have a view on how that process will go, but its ultimate resolution does matter for Goldman's financials. Away from M & A, there's been a number of stock and bond offerings to fund the AI buildout announced in recent days. Oracle on Monday filed to sell $10 billion worth of common stock, and Goldman and Wells are among the banks coordinating the deal. They're also among the banks working on Microsoft's $25 billion debt sale, which was announced last week and is expected to close on Wednesday. This is Microsoft's first major U.S. bond issuance since raising $17 billion in 2017. Goldman is also one of the lead banks of Meta Platforms' big stock sale. Though we have our concerns about what all this new paper coming to market could mean for the broader market, the continued activity is a positive for our banks. It's helped lift their results in earlier quarters this year. With Wells, in particular, we like to see that CEO Charlie Scharf's investments in building out a bigger capital markets business are paying off. After-the-bell earnings include portfolio holding Apple , as well as Palantir and Clorox. Club names DuPont and Eaton are out with earnings Tuesday morning, along with Pfizer, Keurig Dr Pepper, Shopify, Yum Brands, and Apollo Global Management. On the economic data side, the government releases its latest job openings and labor Turnover survey (JOLTS), as well as factory orders and durable goods orders. (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.