What needs to happen to keep the market comeback going — plus, our new Starbucks price target

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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. Market comeback: Stocks are having a strong day, boosted by the encouraging wholesale inflation data released earlier Tuesday. At roughly 5,420 on the S & P 500 , the broader market has fully recovered all its steep losses related to the so-called "yen carry trade" from last Monday . In addition, the S & P 500 is almost back to where it was before the soft July jobs report on Aug. 2 sparked the recent "economic growth scare," which we have argued was premature. Of course, to keep the comeback going, we'll need to see inflation data stay benign when the consumer price index report comes out Wednesday, along with good July retail sales and initial jobless claims data Thursday. New PT for Starbucks: The standout in the market Tuesday is Starbucks , which is up 22%. The coffee chain is having its best day since its initial public offering in 1992 after making a leadership switch . Laxman Narasimhan stepped down as CEO effective immediately and Chipotle CEO Brian Niccol is set to take over in September. The news is a clear win for Starbucks shareholders, a best-case scenario given Niccol's strong track record and great reputation as a leader and operator. The announcement is also winning over Wall Street, with three firms already upgrading their rating on Starbucks' stock to a buy or buy-equivalent. Here's some of what analysts at those shops had to say: Baird: "While we acknowledge that near-term results could remain challenged as the company navigates a difficult economy, we now expect sentiment on SBUX to be positive as investors anticipate better fundamentals for the company to emerge over the next 12+ months." Piper Sandler: "We think it is hard to overstate what a 'big deal' this is and will likely prove to be for the stock over time, and as such, we would be buyers of SBUX this morning (even with it up 18% intraday, with this writing)." Cowen: "Starbucks picks up a hall of fame restaurant CEO, and his appointment as Starbucks CEO and Chairman suggests a new era is underway." Even if the company reports lackluster results over the next few quarters, the market should give the company a pass until it gets a better idea of Niccol's turnaround strategy. With sentiment drastically improving, we think the stock can carry a higher price-to-earnings multiple as we wait more from him. As a result, we are increasing our price target to $100 a share from $90. Up next: We're in a small air pocket of earnings as no major companies report Tuesday night. While Chili's Grill & Bar owner Brinker International and Cardinal Health report before the opening bell Wednesday, more attention will be on the consumer price index report at 8:30 a.m. ET. The current consensus forecast is that the index rose 3% year over year in July and 3.2% at the so-called core level, which excludes volatile food and energy prices. And don't forget, our Monthly Meeting is at noon ET Wednesday. (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. 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.