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. Be cautious on Fed news We cut our position in COST Humana raises guidance 1 Be cautious on Fed news Stocks fell on Thursday as the Street awaits Friday’s important jobs report. That follows Wednesday’s jump after comments by Federal Reserve Chairman Jay Powell that the central bank could slow its pace of rate hikes as soon as December. Investors are cautioned to curb their enthusiasm. While it’s good news that the central bank can ease, it also means that its plan to pummel the economy is working. In other words, we urge investors to be aware that some companies will still not be able to meet their earnings estimates, rather than assuming that everything is fine now. 2. We reduced our position in COST We sold 55 shares of Costco (COST) at about $523.80 on Thursday morning after the company reported on Wednesday that retail sales for November showed signs of weakness. While global comparable sales were up for the month, the company missed its key results and saw a marked slowdown from October’s underlying increase. We still think Costco is a phenomenal retailer, but we’re more cautious if November results in a marked slowdown in sales. 3. Humana Raises Its Guidance Humana ( HUM ) on Thursday raised its 2023 Medicare Advantage membership guidance and reiterated its adjusted earnings guidance for 2022. The news is important because investors are concerned that the managed care providers such as Humana saw their earnings decline due to a heightened flu season. We continue to like the company and its stock. (Jim Cramer’s charitable trust is COST, HUM debt. See here for a full list of stocks.) As a CNBC Investing Club with Jim Cramer subscriber, you’ll 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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