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 Friday’s key moments. Buy DHR Health Care Stocks as China Reopens Play Technical Cost-Cutting 1. Buy Health Care Stocks on the Drop Health care stocks fell on Friday, along with other defensive names, as investors continued to buy tech stocks on hopes that the Federal The Reserve will moderate its pace of interest rate hikes. That’s why we believe right now is a great opportunity to buy healthcare stocks on the dip, and we recommend Johnson & Johnson ( JNJ ). However, investors are cautioned to be disciplined in taking shares. “Let’s say you’re new to the club and you want to buy 200 shares of Johnson & Johnson. Buy 100 now and wait to see if it goes down to $10, then buy the other half,” Jim Cramer said Friday. JNJ was trading down more than 3% mid-morning at about $169 a share. 2. DHR as a play for China’s reopening. China eased some Covid-19 restrictions on Friday, with club names operating in the country including Starbucks ( SBUX ), Wynn Resorts ( WYNN ) and Estee Lauder ( EL ) jumping. While we’ve already highlighted these three stocks as great options once China abandons its no-Covid policy — Estee Lauder is our favorite — Club holding Danaher ( DHR ) also does business in China. The stock rose more than 1% to about $271 a share on Friday, suggesting it will be a staple stock to own as China’s economy reopens. 3. Technical cost-cutting Amazon ( AMZN ) is conducting a cost-cutting review and considering how to manage unprofitable businesses like Alexa, according to The Wall Street Journal. The report comes days after Meta Platforms ( META ) laid off more than $11,000 employees. While we don’t yet know if Amazon will lay off workers, we expect some big tech companies are likely to follow in Meta’s footsteps to control rising costs. (Jim Cramer’s charitable fund holds AMZN, SBUX, WYNN, DHR, EL, JNJ debt. 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 makes 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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