Following a historic stock market rally on Thursday, the best single-session gain in more than two years, we wanted to provide members with a quick update on our current thoughts on the 32 stocks held in Jim Cramer’s Charitable Trust. , which we use as our club’s portfolio. Apple (AAPL): Own it, don’t trade it; although we believe it is too high due to supply chain issues in China. Advanced Micro Devices (AMD): We’ve cut a lot from AMD, but we don’t plan to cut any further as we’re increasingly confident that the PC inventory glut is almost over. Amazon (AMZN): Wall Street is looking for mega cap technology to reign in costs, so if the cost-cutting reports here are correct, it could be a big step forward. Bausch Health Companies (BHC): The balance sheet is improving but shares of Bausch + Lomb (BLCO), which went public in May, are not doing well. Bausch Health owns approximately 90% of BLCO. We wouldn’t buy it until we have more information about its patent defense and spinoff plans. Costco (COST): We like it because it’s where people shop during times of economic stress and the wholesaler drives prices down. Salesforce (CRM): We downgraded the stock to a 2 rating on Thursday due to concerns about currency (FX) fluctuations and elongated selling cycles. Cisco Systems (CSCO): It will report next week and we think it should have a decent quarter converting its backlog into revenue. Coterra Energy (CTRA): It has a huge dividend yield with large natural gas and Permian properties. Danaher (DHR): Anytime you can buy DHR at less than $280 per share (it was last above on Oct. 5), we think it’s a great opportunity. They’re doing amazing things all over the world and they’re splitting their slowest growing division. Disney (DIS): It was a disastrous quarter, but the franchise will survive. They need to find a way to make direct-to-consumer (DTC) operating losses more in line with the current reality of the economy. DTC includes streaming Devon Energy (DVN): We want to stay long and if it fell to $65 per share, we would buy more. DVN was above $70 on Friday. Estee Lauder (EL): This beauty behemoth is one of the best ways to play a re-opened China, which is why we recommend that you anticipate for a long time when it will actually happen. Ford (F): New car prices remain high due to the consumer price index, which was cooler in October but still showed persistent inflation. If they can produce and deliver more cars, they will do better. Alphabet (GOOGL): We think management will get religion with layoffs and cost cuts — and if that happens, it would get the same kind of positive stock reaction that Meta Platforms just had. Halliburton (HAL): There has been a huge move but we still think it is going higher because the region has been underinvested for the past seven years. Honeywell (HON): The stock may rise further thanks to the strength of investments in aerospace and energy. Humana (HUM): Lower Friday on sector rotation. If it returns to its highs, we will look to cut back as we missed the opportunity before. Johnson & Johnson (JNJ): This is one of our favorite stocks for her breakup, and we think times when she’s out of favor (like Friday) are opportunities. Eli Lilly (LLY): Down Friday on sector rotation like all healthcare, but it may rise thanks to Mounjaro – the company’s new type 2 diabetes drug, which is also expected to be approved soon to fight obesity. Linde (LIN): We think it should be able to get back to its old highs as it consistently posts 10% earnings per share (EPS) growth. Meta Platforms (META): We think it’s undervalued – if and only if – management follows through on what they’re talking about in terms of aligning spending with revenue growth. Morgan Stanley (MS): We trimmed our position on Friday and downgraded it to a 2 rating. Microsoft (MSFT): We downgraded it Thursday to a 2 rating. Nvidia (NVDA): It reports next week . We have scaled our position knowing how volatile it is, but we can see where bad news is in the title. Procter & Gamble (PG): Great here for his defense, and we see 2023 as a year where headwinds — freight, strong dollar — turn into tailwinds. Pioneer Natural Resources (PXD): It is incredibly well managed with a big annual dividend yield. We expect oil to go higher as the strategic oil reserve is no longer depleted. Qualcomm (QCOM): We think we have lightened up all the Qualcomm (QCOM) we needed. Starbucks (SBUX): It just had a huge move, and we still think it can get back to $100 if China really opens up. The stock traded around $97 per share on Friday. Constellation Brands (STZ): We added to our position on Friday. TJX Companies (TJX): Another with a massive move lately, but reports next week and tends to fall on earnings. Wells Fargo (WFC): We’re tempted to pull some back now that stocks are back to flat for the year. Wynn Resorts (WYNN): It’s a great play on reopening China and Macau, which is what we ultimately expect and that’s why we held on. (See here for a full list of Jim Cramer’s Charitable Trust stocks.) As a CNBC Investing Club subscriber with Jim Cramer, you’ll 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 talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY DUTY EXISTS, OR IS CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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Following a historic stock market rally on Thursday, the best single-session gain in more than two years, we wanted to provide members with a quick update on our current thoughts on the 32 stocks held in Jim Cramer’s Charitable Trust. , which we use as our club’s portfolio.
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