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☆ A Delaware city wants to let businesses vote in its elections. It just cleared a key hurdle, but it’s faced pushback
▼ + stars: | 2023-06-30 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Letting businesses vote in municipal elections dilutes the voice of the citizenry and “puts the idea that corporations are people on steroids,” said its executive director, Claire Snyder-Hall. Seaford proposal meets resistanceThe latest Delaware municipality to propose letting businesses vote in its local elections is the city of Seaford, with roughly 8,500 residents. Grenshaw said he never expected that to be a problem, since four other municipalities had no trouble getting approval for their decision to let businesses vote in the past. How influential could that be in future Seaford elections? The city clerk’s office would conduct a series of annual cross-checks to ensure that a business currently owns property in the city.

Persons: “, ”, Claire Snyder, Seaford Mayor David Grenshaw, ” Grenshaw, Grenshaw, Snyder, Hal Weitzman, Weitzman Organizations: CNN, Hall, DuPont, Seaford Mayor, Verizon, Delaware General Assembly, The News, Rich, University of Chicago’s Booth School of Business, Fortune Locations: United States, Delaware, Seaford, it’s, America

☆ 10 things to watch in the stock market Thursday, including bank stress tests and a possible chip trough
▼ + stars: | 2023-06-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

U.S. banks go 23 for 23, passing this year's Fed's stress test, including Club names Wells Fargo (WFC) and Morgan Stanley (MS). KeyBanc downgrades Club name Disney (DIS) to sector weight from overweight (hold from buy) without a price target. Piper upgrades to neutral from underweight (hold from sell), Bank of America increases price target to $76 per share from $68. Piper Sandler initiates coverage on the off-price retailers, starting Club holding TJX Companies (TJX) with a buy-equivalent overweight rating and a $110-per-share price target. Cuts price target to $40 per share from $47.

Persons: Premarket, Wells, Morgan Stanley, KeyBanc, Sanjay Mehrotra, McCormick, Piper Sandler, Piper, Eli Lilly, Warren Buffett's Berkshire, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Citi, Disney, Micron, Bank of America, Netflix, TJX Companies, Marshalls, Ross Stores, Burlington Stores, Pfizer, Credit Suisse, Occidental Petroleum, Warren, Warren Buffett's Berkshire Hathaway, Berkshire, Energy, Halliburton, HAL, JPMorgan, Jim Cramer's Charitable, CNBC Locations: Big, Maxx, HomeGoods

☆ Be patient with this red-hot tech stock, as it soars to new all-time high
▼ + stars: | 2023-06-26 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Stick with Palo Alto Networks Palo Alto Networks (PANW) is well on its way to becoming the first cybersecurity company to reach a $100 billion market capitalization, Morgan Stanley said Monday. Jeff Marks, the Club's director of portfolio analysis, said Monday that investors should be patient with Palo Alto shares as the stock hit a fresh all-time high Monday, climbing to around $247 apiece. Watch Wells Fargo Wells Fargo (WFC) will be in the spotlight after Wednesday's close when the Federal Reserve releases the results of its annual bank stress tests. Wells Fargo stock was up slightly Monday morning, trading around $40.60 a share. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, —, Morgan Stanley, Jeff Marks, Watch Wells, Marks, Jim Cramer's, Jim Organizations: CNBC, Alto Networks Watch Wells, Wall, Natural Resources, Coterra Energy, Halliburton, HAL, —, Pfizer, Alto Networks, Palo, Watch, Federal Reserve, Silicon Valley Bank, Deposit Insurance Corporation, Wells Locations: Wells Fargo, Silicon, Wells

☆ Analysts think these stocks in underperforming sectors are due for a comeback
▼ + stars: | 2023-06-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

55% or more of analysts covering the stock maintain a buy rating. Analysts are big believers in Halliburton stock, however, with nearly 83% of those covering the company rating shares as a buy. The average analyst price target implies roughly 54% upside to the stock's current trading levels. The slump in the stock price hasn't swayed analysts' optimism, however. More than 66% of analysts polled by FactSet covering MetLife rate shares as a buy, while their average price target implies nearly 40% upside from the stock's recent trading levels.

Persons: Jerome Powell, Halliburton Organizations: Federal, Nvidia, Microsoft, CNBC, PayPal, FactSet, HAL, Halliburton, MetLife Locations: Wall, Halliburton

☆ These are the most-loved Club stocks on Wall Street. Here’s where we stand
▼ + stars: | 2023-06-23 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

HAL YTD mountain Halliburton's year-to-date stock performance. AMZN YTD mountain Amazon's year-to-date stock performance. GOOGL YTD mountain Alphabet's year-to-date stock performance. That's lagged many other large-cap tech peers over the same stretch, including Club stock Nvidia (NVDA), which climbed 11%, and Adobe (ADBE), which advanced 10%. PANW YTD mountain Palo Alto Networks' year-to-date stock performance.

Persons: It's, hasn't, it's, Halliburton, We're, we'd, it'd, what's, we're, Linde, Jim Cramer's, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Linde, LIN, Palo Alto Networks, Wall, Club, Coterra Energy, Federal, Amazon, Amazon Web, Microsoft, Nvidia, Adobe, Networks, CNBC, Getty Locations: Thursday's, Palo, U.S, Europe, Stillwater , Oklahoma

☆ South Korean woman accused of killing two newborns, keeping them in freezer for years
▼ + stars: | 2023-06-22 | by ( Gawon Bae | ) edition.cnn.com time to read: +1 min

Seoul, South Korea CNN —Police in South Korea say they have requested an arrest warrant for a woman accused of killing two of her newborns and keeping their bodies in her freezer for years. The newborns were only a day old when they died, the official added. Police allege she strangled the girl the day after giving birth, and put the body in the freezer of her home. She is accused of doing the same to her fifth child, a boy born in November 2019. The woman is due to attend an arrest warrant hearing on Friday.

Organizations: South Korea CNN — Police, Gyeonggi Nambu Provincial Police, CNN, Police, government’s, Audit, Suwon City Hal Locations: Seoul, South Korea

☆ Why GE plan to make fighter jet engines in India is a big deal
▼ + stars: | 2023-06-22 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

GE says it has delivered more than 1,600 F414 engines and they have clocked more than 5 million flight hours. So far, 75 F404 engines have been delivered and another 99 worth $716 million are on order for Tejas Mark 1. Tejas Mark 2, still under development, is a more powerful jet and needs a bigger engine. The GE-HAL deal to co-produce F414 engines in India requires U.S. government and legislative approvals. Full scale production of F414 in India and Tejas Mark 2 is expected only early in the next decade.

Persons: Narendra, INDIA’S, Conor Humphries Organizations: General Electric, Hindustan Aeronautics, Indian Air Force, Indian, GE, U.S . Navy, HAL, Tejas, Aircraft, India's Air Force, New, YP Rajesh, Thomson Locations: DELHI, India, United States, U.S, Sweden, Australia, Kuwait, Brazil, South Korea, Indonesia, New Delhi, Washington, China, Pakistan, Russia, France, Israel

☆ The Benefits of Getting to Know Your Future Self
▼ + stars: | 2023-06-17 | by ( Hal Hershfield | ) www.wsj.com time to read: 1 min

The Benefits of Getting to Know Your Future Self Many of us feel little connection with the person we’ll be decades from now. That can lead to shortsighted behavior that hurts us in the long run.

Persons: Jon Krause

☆ Here’s our Monthly Meeting rapid-fire update on all 35 stocks in the Club’s portfolio
▼ + stars: | 2023-06-14 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. In fact, he named Disney as the best Club stock to gift to a young grandchild. CEO Jim Farley's focus on only making profitable cars and trucks will be put to the test in the current quarter. 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.

Persons: Jim Cramer's, Jim, Apple's, there's, Bausch, Estee Lauder, Fabrizio Freda, Berenberg, he's, Jim Farley's, Ford, Locker, Foot Locker's, Mary Dillon's, Patience, we're, Vimal Kapur, Johnson, J, Eli Lilly, Eli Lilly's, Mark Zuckerberg, Morgan Stanley, We're, James Gorman, enabler, aren't, Scott Sheffield, Coterra, PXD, Jim said, Stanley Black, Decker, TJ Maxx, Wells Fargo, Charlie Scharf's, Scharf, Wells, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon Web Services, Bausch Health, Caterpillar, Costco Wholesale, Costco, Humana, Coterra Energy, Disney, Emerson, Emerson Electric, National Instruments, Ford, Management, GE Healthcare, Halliburton, HAL, Honeywell, Johnson, Linde, LIN, Meta, underwriters, Cava, Microsoft, Palo Alto Networks, Natural Resources, Procter & Gamble, Constellation Brands, Modelo Especial, U.S, TJX, Marshalls, Home Goods, Wynn Resorts, WYNN, Starbucks, Las, Jim Cramer's Charitable Locations: Asia, China, California, Mounjaro, Palo, Wells, Las Vegas, Macao

Former US President Donald Trump arrives to deliver remarks at Trump National Golf Club Bedminster in Bedminster, New Jersey, on June 13, 2023. That sort of comment is further than where many of Trump's rivals for the GOP presidential nomination will go publicly. Still, even out in the open, there are indications that they believe this federal indictment is far more serious than the last one. But the Trump indictment took over, with participants expressing deep concern about backlash and the party's fracturing beyond repair. On one hand, if Trump's GOP rivals blast him, they risk further alienating his committed GOP supporters.

Persons: Donald Trump, aren't, Ron DeSantis, Trump, I'm, Trumper, George Washington, James Madison, Thomas Jefferson, Joe Biden, Hunter, Mick Mulvaney, Mulvaney, MAGA, Mike Pence, Nikki Haley, Sen, Tim Scott, Vivek Ramaswamy, Scott, Haley, Pence, what's, Chris Christie, Christie, Hal Lambert, Larry Steinhouse, — Hallie Jackson, Henry J, Gomez, Jonathan Allen Organizations: Trump National Golf Club Bedminster, GOP, Florida Gov, Justice Department, Trump, Republican, Republicans, NBC News, White, Department, Courier, Street, Former New Jersey Gov, CNN, DOJ, Reuters, CBS, NBC Locations: Bedminster , New Jersey, New York, Florida, Georgia, Lago, Palm Beach , Florida, Charleston , South Carolina, Trump, Pennsylvania

☆ ‘New Makers of Modern Strategy’ Review: Waging War, Making Peace
▼ + stars: | 2023-06-12 | by ( Dominic Green | ) www.wsj.com time to read: 1 min

Photo: Getty Images/Tetra images RFA group of generals is called a “glitter”; a group of historians an “argumentation.” There is no colorful group noun for academic analysts of strategy. Perhaps, like owls, they form a “college.” In “The New Makers of Modern Strategy,” Hal Brands, a professor of strategy at the Johns Hopkins University’s School of Advanced International Studies, gathers a college of 45 such experts. All are wise after the facts of their field, and each attempts the historian’s equivalent of the owl’s neck rotation—a sweep that, taking in past and present, looks to the future.

Persons: Hal Brands Organizations: ”, Johns Hopkins University’s School, International Studies

☆ Friday's kind of broad rally has eluded Wall Street for quite some time. We hope it has legs
▼ + stars: | 2023-06-03 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Club name and Dow stock Caterpillar (CAT) was one of the leaders, soaring more than 8% and accounting for over 100 points of the 30-stock average's 700-point surge. Meanwhile, the tech darlings that have recently propelled the market higher — including top-performing Club stocks Nvidia (NVDA) and Meta Platforms (META) — took a relative backseat Friday. For that reason, it's a hopeful sign to see other sectors walk the runway in the Wall Street fashion show Friday. 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.

Persons: Jim Cramer, —, industrials, Jim, haven't, Meta, OpenAI, it's, Dow, Jim Cramer's, Luke Sharrett Organizations: Dow, Caterpillar, Nvidia, Nasdaq, Dow Jones, fellow Club, Halliburton, HAL, Apple, Facebook, Microsoft, Big Tech, FactSet, industrials Honeywell, Emerson Electric, Natural Resources, Linde, LIN, CNBC, Whayne, Bloomberg, Getty Locations: U.S, Louisville , Kentucky

☆ Here's our first-quarter earnings report card for every stock in the portfolio
▼ + stars: | 2023-06-02 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

As a result, about 78% of S & P 500 companies reported better-than-expected earnings results, according to FactSet. Though sales came up short of expectations, earnings, operating margin, and return on capital all notched new record highs in a tough economy. We also saw strong sales of key drug Mounjaro along with positive updates for its potential as a weight loss medication. GE Healthcare (GEHC) reported solid results with its first-quarter earnings release as sales and earnings outpaced expectations. Despite the top-line miss, TJX Companies (TJX) delivered better-than-expected earnings as management demonstrated the ability to diligently control expenses.

Persons: Emerson, Eli Lilly, Strong, Humana, Johnson, Morgan Stanley, Wells Fargo, Wells, Estee Lauder, Locker, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Club, Halliburton, HAL, Linde, LIN, Microsoft, Nvidia, Palo Alto Networks, billings, Procter & Gamble, Devices, Caterpillar, Costco, Coterra Energy, Management, GE Healthcare, Honeywell, Johnson, Wynn Resorts, WYNN, Valley Bank . Disney, Natural Resources, Constellation Brands, TJX Companies, Bausch Health, Nike, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Washington, North America, United States, Wells, Macau, Asia, Los Angeles , California

☆ GOP megadonor Hal Lambert explains why he's backing Florida Gov. Ron DeSantis over Trump in 2024
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGOP megadonor Hal Lambert explains why he's backing Florida Gov. Ron DeSantis over Trump in 2024Hal Lambert, Point Bridge Capital CEO and Republican megadonor, joins 'Squawk Box' to discuss why he's backing Florida Governor Ron DeSantis for president in 2024 after fundraising for former President Donald Trump in 2016.

Persons: Hal Lambert, Ron DeSantis, Republican megadonor, Donald Trump Organizations: GOP, Florida Gov, Trump, Point Bridge Capital, Republican Locations: Florida, Point

The White House, which said in January that it had received the application to jointly produce the engines in India, declined to comment. Washington maintains strict controls over what domestic military technology can be shared or sold to other countries. India is keen to get the know-how to make aircraft engines. Though it can manufacture fighter jets domestically, it lacks the ability to produce engines to power them. However, India intends to produce more than 350 fighter jets for its air force and navy over the next two decades, which could be powered by the GE 414.

Persons: Biden, Joe Biden, Narendra Modi, Trevor Hunnicutt, Krishn Kaushik, Rajesh Kumar Singh, Heather Timmons, Jamie Freed Organizations: WASHINGTON, General Electric Co, Indian, GE, Hindustan Aeronautics Ltd, HAL, U.S . Congress, Thomson Locations: DELHI, India, Washington, Russia, New Delhi, Ukraine, India's, United States, Chicago

☆ OPEC+'s mixed messages, recession fears make it too early to buy the dip on our oil stocks
▼ + stars: | 2023-05-31 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

A slide in crude oil prices has weighed on the Club's three energy holdings. Brent crude — the global oil benchmark — and West Texas Intermediate Crude, the U.S. oil standard, have fallen roughly 7% and 8%, respectively, over the past week. @CL.1 5D mountain West Texas Intermediate crude prices over the past five days. In those instances, Gabelman said he thinks oil prices are unlikely to react significantly. In sum, we find the situation leading up to the OPEC+ meeting too murky to make a move on our oil stocks, despite their recent swoon.

Persons: Saudi Arabia — OPEC's, —, Prince Abdulaziz bin Salman, Alexander Novak, Jason Gabelman, Gabelman, We're, Jim Cramer's, Jim Cramer, Jim, Joe Klamar Organizations: of Petroleum, Russian, Brent, West, Energy, Natural Resources, Halliburton, HAL, Texas, Cowen, CNBC, OPEC, AFP, Getty Locations: OPEC, Saudi Arabia, Russia, Saudi, West Texas, U.S, Covid, Europe, Austrian, Vienna, Austria

☆ Broadway Musicians Object to David Byrne’s ‘Here Lies Love’
▼ + stars: | 2023-05-30 | by ( Michael Paulson | ) www.nytimes.com time to read: +2 min

But Local 802 of the American Federation of Musicians says its contract with the Broadway League requires the use of 19 musicians for musicals at the Broadway Theater. (The number of musicians required under the contract varies based on theater size.) The union says it is seeking to preserve jobs for musicians and quality for theater lovers. “We’re not going to stand by and let this happen,” said Tino Gagliardi, the local’s president and executive director. The request is to be assessed by a panel that includes neutral observers as well as representatives of the Broadway League and the musicians’ union; it is not clear how long that process will take, and the ruling can be appealed to arbitration.

☆ Disney is seriously unpopular with GOP primary voters in key states, internal DeSantis 2024 campaign data and leaked audio show
▼ + stars: | 2023-05-26 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

But DeSantis 2024 campaign polling shows it could help him with Republican voters in a primary. Ryan Tyson, pollster for the campaign, found the company was deeply unpopular among Republicans primary, according to findings shared with The Messenger. "The campaign thinks this is a very good issue for primary voters," Dan Eberhart, CEO of drilling services company Canary, LLC, told Insider. Neither campaign responded to a query from Insider addressing whether they had polling that conflicted with the DeSantis campaign findings. When combining this week's calling efforts with online donations, the DeSantis campaign raised $8.2 million in the fist 24 hours of the campaign.

☆ Ron DeSantis lines up business leaders to raise money for 2024 presidential run
▼ + stars: | 2023-05-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

They'll receive briefings from campaign staff and call around to raise money for the campaign, NBC News reported. Ron DeSantis has assembled a team of wealthy business leaders to help raise money for his presidential campaign, according to a partial list of fundraisers provided by a senior political official with the Florida Republican. Lambert served on Trump's Inaugural Committee and was a national finance chair for Trump's successful 2016 campaign for president, according to his website. Records show that Lambert has also donated to the Friends of Ron DeSantis PAC and Trump's campaign. Jay Zeidman, a managing partner at health care investment firm Altitude Ventures, is also listed as a DeSantis campaign fundraiser.

Persons: They'll, DeSantis, Donald Trump's, David Horowitz, Horowitz, Elon Musk, Ron DeSantis, Trump's, Hal Lambert, Lambert, Trump, Jay Zeidman, Zeidman, Jeb Bush's, Bush's, George P, Bush, Frank Mermoud, Orpheus, Mermoud Organizations: NBC News, GOP, Horowitz Group, CNBC, Florida Republican, White, Republican National Committee, MAGA, Ron DeSantis PAC, Ventures, Florida Gov, New York Times, Records Locations: Miami, California, Florida

Goldman Sachs believes the current downturn in the energy sector has created attractive opportunities for investors. The energy sector is down 9.4% in 2023, the largest decline among the 11 major S & P 500 sectors. Goldman attributes the energy sector's underperformance to a combination of macroeconomic conditions. Mild winter temperatures drove lower natural gas prices, and Russian oil supplies were s well higher-than-expected. Goldman also picked oil services company Halliburton as an underappreciated energy name.

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ ‘Sanctuary’ Review: Who’s the Boss?
▼ + stars: | 2023-05-18 | by ( Jeannette Catsoulis | ) www.nytimes.com time to read: +1 min

Unfolding over one fraught night, “Sanctuary” dances on the border between fantasy and reality. He’s about to find out, though, that this employee will not be pensioned off so easily. If she’s to succeed, she’ll need more than a talent for debasement and humiliation. Sexual but not sexy, “Sanctuary” is fantastically dynamic and emphatically theatrical. The ending feels too smoothly settled, but it at least prods Hal and Rebecca to answer the film’s central question: Where does role-playing end and real life begin?

☆ Here's our Monthly Meeting rapid-fire update on all 34 stocks in the Club's portfolio
▼ + stars: | 2023-05-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Ford (F): CEO Jim Farley did a fantastic job delivering in the automaker's latest quarter, and we like his decision to scale back Ford's business in China . 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. Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

☆ Biden Abruptly Cuts Short an Asia-Pacific Visit, to China’s Benefit
▼ + stars: | 2023-05-17 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

It was meant to be a moment for the history books — the first time a U.S. president visited a Pacific Island country. The White House announced on Tuesday that Mr. Biden would cut short an Asia-Pacific trip and return to Washington on Sunday after the Group of 7 summit in Japan for debt ceiling negotiations to ensure the United States does not run out of cash and default. What the cancellation means, in the broadest of terms, is that America’s domestic politics is undermining American foreign policy at a crucial time, in a critical region. “It will reinforce lingering doubts about U.S. staying power,” said Hal Brands, a professor of global affairs at Johns Hopkins University. “And you can bet China will make hay of this — its message to countries in the region will be, ‘You can’t count on a country that can’t even perform basic functions of governance.’”

☆ Will history repeat? Here are Club stocks that were great buys during 2011 debt-ceiling market swoon
▼ + stars: | 2023-05-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Concern about a potential U.S. government default has only mounted in recent days, contributing to back-to-back weekly losses in the S & P 500. By Feb. 7, 2012, the S & P 500 closed above its late-July peak. A similar rationale seems to explain why TJX Companies (TJX) had the third-best relative performance, falling only 5.9% during the 2011 debt-ceiling jitters. TJX had a great rest of the year, too, gaining 22% from the S & P 500 index's 2011 August bottom to year-end. What's more, 12 Club stocks finished 2011 higher than their July 22 close, the S & P 500's late-July peak that year.

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