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 Wednesday’s key moments. Buy and Hold EL Possible DHR Trade Still as AAPL 1. Buy and Hold Estee Lauder China on Wednesday announced a significant relaxation of its strict zero-covid policy. And we reiterate our advice to buy shares of Estee Lauder ( EL ), which makes more than a third of its sales in China and should see its share price rise as the country fully reopens its economy. “I want you to buy Estee Lauder and I want you to hold it as the facts get better and analysts have to push the numbers,” Jim Cramer said on Wednesday. Estee Lauder fell nearly 2% to $232.44 a share on Wednesday amid broader market volatility. 2. Possible Danaher Trade We are looking for an opportunity to buy the dip in Danaher (DHR), another strong play amid China’s reopening. Spinning off the company’s environmental and utility solutions business, along with a move into a pure diagnostics and biopharmaceutical business, should mean more stability for the stock. Additionally, Danaher has a lot of success from previous spinoffs. The stock was up 0.5% on Wednesday at $266.68 a share. 3. We still like Apple. Morgan Stanley cut expectations for Apple ( AAPL ) iPhone shipments for the December quarter by 3 million units on Wednesday, after cutting forecasts by 6 million units last month. The bank is now predicting that Apple will ship 75.5 million units this quarter, a result of recent production disruptions in China due to the Covid-19 lockdowns. But with the pressure on China likely easing, we’re sticking with Apple’s mantra: keep it, don’t trade it. (Jim Cramer’s charitable trust holds AAPL, DHR, EL 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 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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