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. The Fed is not ready to stop. A reminder of the investment mantra. Looking to buy 1. Fed not ready to stop. Stocks rallied on Friday after a rocky start after the core personal consumption expenditures price index, the Federal Reserve’s popular gauge of inflation, came out. year after year hotter than expected. This suggests that inflation is still not coming down and that the Fed is not ready to stop tightening. The next piece of data that will help determine the Fed’s next move — in other words, whether it will raise interest rates by 25 or 50 basis points at its February meeting — is the December unemployment report. If unemployment drops to 4%, that’s good news for the central bank. 2. Stick to our investment mantra As we close out 2022, we remind investors of our mantra: buy stocks of companies that make things and do things profitably, and return some of that money to shareholders. Look for old-fashioned, boring stocks that make money, withstand a potential recession, and have sustainable growth. Stocks that have performed well this year have also reported big gains and paid dividends. While these are not the stocks that investors usually like, they are the ones that tend to do well. Some defensive growth staples in the club’s portfolio include Constellation Brands ( STZ ), Costco ( COST ), and Humana ( HUM ). 3. Look for buys With that in mind, we look for potential buys in this oversold market. However, we stay away from trendy stocks and instead look for names that are cheap on a price-to-earnings basis. Cramer said he’s tempted to look at food stocks for potential buys, noting that JM Smucker ( SJM ), Campbell Soup ( CPB ) and General Mills ( GIS ) are all companies that fit the club’s investment mantra. (Jim Cramer’s charity fund is COST, HUM, STZ 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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