The CNBC Investing Club with Jim Cramer released the Homestretch, highlighting a strong bounce-back session on Wall Street after a weak jobs report. Markets saw gains in all major benchmarks, with the S & P 500, Nasdaq, and Dow up more than 1% each. President Trump criticized the BLS jobs data, calling it rigged, while analysts predict a generative AI boom with increased spending from tech giants like Meta Platforms and Microsoft. Apple plans to significantly increase AI investments, potentially boosting device sales and revenues. Industrial stocks like Eaton and GE Vernova benefit from AI infrastructure spending. Coterra Energy reports earnings after the close Monday, with insights expected from their conference call on Tuesday morning. On Monday night, notable companies reporting include Palantir, Hims & Hers, Axon Enterprise, MercadoLibre, and Vertex Pharmaceuticals. On Tuesday morning, DuPont, Eaton, Caterpillar, Apollo Global Management, and Marriott International will release results. The Institute for Supply Management will release data on the U.S. services sector on Tuesday. CNBC’s Investing Club with Jim Cramer provides trade alerts with a waiting period before executing trades.

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1. The US economy added 943,000 jobs in July, surpassing expectations. The unemployment rate dropped to 5.4% as more people returned to work.

2. Apple became the first company to reach a $3 trillion market cap. The tech giant’s stock price has been steadily climbing, making it the most valuable company in the world.

3. The FDA granted full approval to Pfizer’s COVID-19 vaccine, paving the way for more mandates and boosting confidence in the vaccine’s safety and efficacy.: What a rate cut means for stocks, plus a bullish call on AI spending