Jim Cramer’s Charitable Trust is a portfolio used for the CNBC Investing Club. Here’s a quick update on the stocks in the portfolio:
1. Apple (AAPL): The “own it, don’t trade it” mantra on Apple remains unchanged. Despite the stock’s volatility, long-term investors have benefited from blocking out the noise surrounding the iPhone maker.
2. Amazon (AMZN): The Federal Trade Commission’s antitrust lawsuit against Amazon doesn’t shake the investment thesis. Jim Cramer believes that the company is on the right track after improving margins on its retail business.
3. Broadcom (AVGO): Jim Cramer recommends buying Broadcom shares before its megadeal for data-center software firm VMWare closes. If Chinese regulators pose a challenge, Broadcom has the means to pursue alternative strategies like a massive buyback program.
4. Bausch Health (BHC): The troubled Canadian pharmaceutical firm’s potential path to recovery is becoming clearer. However, there are still hurdles to overcome, particularly with its Xifaxan patent litigation.
5. Caterpillar (CAT): Despite a fade in its summer rally, Caterpillar remains a strong industrial giant. The influx of federal infrastructure spending is expected to be a significant tailwind for the company.
6. Costco Wholesale (COST): Costco continues to be one of Jim Cramer’s favorite stocks. Although the timing of a special dividend may be uncertain, the wholesale retailer reported strong fiscal 2023 Q4 results.
7. Salesforce (CRM): Despite a recent drop, Salesforce’s current business strength and future opportunities tied to emerging artificial intelligence initiatives remain promising. The company has shown impressive revenue growth and improved margins.
8. Coterra Energy (CTRA): Coterra has performed well in the portfolio, especially as natural gas prices have climbed. Exxon Mobil’s planned acquisition of Club holding Pioneer Natural Resources has put energy industry consolidation in the spotlight.
9. Dupont (DD): Dupont’s exposure to diverse industrial markets led to its addition to the portfolio. Although the company is doing well, a stronger economy would translate to even better performance.
10. Danaher (DHR): Danaher’s transformation into a pure-play life sciences firm should lead to a higher valuation. While there are obstacles in the IPO market for biotech customers and the China market, these issues are expected to subside over time.
11. Disney (DIS): Jim Cramer sees the current time as an opportunity to buy Disney. Activist investor Nelson Peltz’s involvement could benefit the company, especially regarding decisions about ESPN and acquiring the rest of streaming service Hulu.
12. Estee Lauder (EL): Patience is required with Estee Lauder, but CEO Fabrizio Freda is expected to overcome recent inventory obstacles in the cosmetics giant’s key Asian travel retail business.
13. Emerson Electric (EMR): Emerson’s acquisition of National Instruments is expected to boost earnings for the industrial automation firm. The stock has performed well, outperforming the S&P 500 over the past six months.
14. Ford Motor (F): Jim Cramer expresses confidence in Ford CEO Jim Farley, anticipating quality earnings once labor issues are resolved.
15. Foot Locker (FL): Foot Locker’s stock has risen due to positive results from shoemakers Nike and On Holding. However, the company is still in a race against time to turn its business around.
16. GE Healthcare (GEHC): Jim Cramer believes GE Healthcare is undervalued, presenting an investment opportunity. The company’s investment in innovation and potential gains from Alzheimer’s therapies make it an appealing prospect.
17. Alphabet (GOOGL): Alphabet has addressed concerns around costs and its AI strategy. Jim Cramer advises that management should continue doing what they have been doing lately.
18. Honeywell International (HON): This industrial conglomerate has shown positive performance and is expected to continue doing well.
These updates provide insights into the performance and potential of the stocks in Jim Cramer’s Charitable Trust portfolio.