MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Semiconductor Strategy Rate Homework Stocks 1. Sticking With Our Semiconductor Strategy Semiconductor stocks rallied on Thursday after gains in International Business Machines Corp . (IBM) and Lam Research (LRCX), while the broader market also strengthened. The S & P 500 rose 0.76% in morning trading. Shares of the chip club — Advanced Micro Devices ( AMD ), Nvidia ( NVDA ) and Qualcomm ( QCOM ) — jumped sharply on the news. Regardless, we do not regret our decision to cut semiconductor stocks earlier this month. We decided to sell some shares to reduce our exposure to new US export controls restricting chip sales to China and the broader semiconductor downturn. However, we have not completely abandoned our positions because the companies we have are solid companies. “You keep something if something is good, but you don’t press the bet after you’ve sold something,” Jim Cramer said Thursday. 2. Evaluate stocks based on homework Another investment strategy that guides our decisions is to evaluate stocks based on homework, not action. What we mean by this is that we don’t sell stocks simply because they are down. We review its earnings reports, listen to its earnings conference calls, read news and more. Case in point: Club holding company Danaher ( DHR ) reported weak third-quarter revenue and profit on Thursday. But the stock fell nearly 2%. That may be because German competitor Sartorius said on Wednesday that its business is slowing and inventories are high. That said, we don’t believe Danaher stock should fall on the back of what was a great quarter. Danaher said it hasn’t seen much double-ordering and works closely with customers to ensure they have the right inventory levels. Additionally, it is a high-margin company with strong long-term growth prospects driven by increased investments in biologics and genomic medicine. We remain bullish on the stock over the long term as our homework suggests the company will continue to perform well. (Jim Cramer’s Charitable Trust owns DHR, AMD, NVDA, QCOM. See here for a full list of stocks.) As a CNBC Investing Club with Jim Cramer subscriber, you will receive a trade alert before Jim closes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charity’s portfolio. If Jim talked about a stock on CNBC, he waits 72 hours after the trade alert is issued before he executes the trade. THE ABOVE INFORMATION IN THE INVESTING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY SHALL EXIST OR BE CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
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MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
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