**Investors Shift Focus to Lower-Quality Stocks**

The trading day is coming to a close on Wall Street, and the CNBC Investing Club with Jim Cramer released its latest Homestretch audio feature to update investors on the latest market trends.

**Rotation Out of Market Leaders**

The S & P 500 is experiencing a shift in the market as investors take major profit-taking in this year’s leaders and mega-cap tech darlings. This rotation is causing a decline in the market, with the index well off its earlier lows for the day.

Investors are moving their money out of the Magnificent Seven and into small caps and lower-quality companies with weaker balance sheets. These companies were previously beaten down this year due to challenging macroeconomic conditions, and investors believe that if the Federal Reserve loosens its monetary policy, the economic pressures on these stocks will ease.

**Looking for Value in High-Quality Companies**

CNBC’s Jim Cramer advises investors not to chase lower-quality stocks and to instead look for high-quality companies when they are on sale. He emphasizes the importance of buying into good investments rather than chasing after potentially risky options.

**Market Movers**

Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), and Palo Alto Networks (PANW) are all experiencing declines. However, despite their recent struggles, some big names like Estee Lauder (EL) and Foot Locker (FL) are seeing positive movement.

**Rally in Consumer-Focused Companies**

Shares of Estee Lauder (EL) surged over 5.5% on Monday, prompting Jim to describe it as a “quintessential blue chip that has been crushed.” Similarly, Foot Locker (FL) is showing signs of recovery, with the sneaker retailer maintaining a strong relationship with Nike (NKE) and reducing its presence in malls.

Although both consumer-focused companies are currently dealing with excess inventory, Jim remains optimistic that once this normalizes, there will be relief in the market.

**Insights from the CNBC Investing Club**

Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim executes a trade. Jim follows a specific waiting period after issuing a trade alert before making any moves, providing his subscribers with valuable insights and opportunities to make informed investment decisions.

**Conclusion**

The market is experiencing a significant shift as investors reposition their portfolios, moving away from market leaders towards lower-quality stocks. Despite the decline in some big names, there are positive movements in consumer-focused companies, offering hope for future growth and recovery in the market. Subscribers to the CNBC Investing Club with Jim Cramer have access to valuable trade alerts and insights to guide their investment decisions.