Apple's reversal of fortune continues, and a historic stock offering may be in the works

Every weekday, the CNBC with Jim Cramer releases the stretch — an actionable afternoon , time for the last hour of trading on Wall Street. : Stocks on Friday are finishing the week out strong

The nology sector and in particular Apple are big reasons why — more on Apple shortly — but there's decent strength across the board with most of the 11 sector indexes in positive territory except for the industrials, real estate, and utilities

Rally mode: Apple's reversal of fortunes continued Friday as s climbed more than 4% — bringing its week-to-date advance to roughly 13%, on pace for its third-best weekly performance in the past decade, according to FactSet data

With this week's surge, Apple s have crossed over their 200-day moving average, a positive nical milestone, and are trading at their highest levels since "Liberation Day" on April 2

Trump's tariff policies — and, more specifically, his public-pressure campaign on Apple to build iPhones in the U.S. — have been a major overhang on Apple s this year

The market reaction over the past three days is ly signaling that investors are feeling better the tariff threat and, at least for now , are willing to put aside their other concerns

We're certainly feeling better the stock now, too, after last week's strong earnings report

During Trump's first term, CEO Tim Cook earned plaudits for his ability to maintain a good relationship with the president and minimize Apple's exposure to that batch of tariffs

Up until a few days ago, it didn't seem to be working this time around

But once again, Cook showed why betting against him has been a losing position for investors

Big deal: The thawing IPO market may get one of its biggest — and unique — deals of all time later this year

On Friday, The Wall Street Journal reported that the Trump administration is planning to sell stock in government-controlled mortgage giants Fannie Mae and Freddie Mac

The biggest initial public offering in U.S. stock market history is Alibaba in 2014, which saw the Chinese e-commerce and cloud giant raise nearly $22 billion, according to Renaissance Capital data

There's a -stock connection to the chatter: Goldman Sachs CEO David Solomon and Wells Fargo chief Charlie Scharf have gone to Washington to discuss the administration's plans for Freddie and Fannie with Trump, according to the report

So, too, have the leaders of Morgan Stanley , JPMorgan Chase , Citigroup and Bank of America , the report said

Still, a deal of this magnitude and structure is certainly one to watch

Goldman and Wells Fargo have been beneficiaries of the recent uptick in dealmaking and IPOs, in particular

In early June, we discussed the heating up of the IPO market, and it's only gotten hotter since then

There were 26 IPOs in July, and already there have been seven in in the early days of August, according to Renaissance Capital

Some other notable earnings releases to look out for are CoreWeave , Cava , Brinker , Deere , Tapestry , and Applied Materials

It will be heavy on the data side with the July consumer price index and ducer price index due out, along with the government's retail sales report

In other events, on Thursday at noon ET, we'll have our August Monthly Meeting. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a r to the CNBC 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 a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

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