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 Tuesday’s key moments. Buy JNJ while it drops. Looking to buy Danaher. Wait until you buy 1 AMD. Buy JNJ while it drops. Shares of Johnson & Johnson ( JNJ ) slipped more than 1% on Tuesday after the drugmaker beat fourth-quarter profit but missed revenue estimates. The stock doesn’t deserve to fall, especially given that the company’s 2023 earnings outlook was higher than expected. J&J’s only real weakness in the quarter was in its medical technology segment, which was held back by the Covid-19 lockdowns in China. The declines point to a broader trend of investors pulling out of healthcare names this year, as opposed to 2022. That’s a move we don’t support. Instead, we urge investors to buy shares of this high-quality company while it is out of favor. 2. Look to buy Danaher Danaher ( DHR ) reported strong fourth-quarter earnings on Tuesday but announced weaker-than-expected guidance, sending the stock down nearly 3% in morning trading. The company forecasted the quarter in advance, so the profit was already invested in the stock. Danaher, whose businesses include life sciences, diagnostics and environmental solutions, continues to expect its core revenue to grow by a high single-digit percentage point this year. We remain bullish on stocks. Investors should buy shares of Danaher if the stock drops at least another 5% today. 3. Wait until you buy AMD. Bernstein downgraded Advanced Micro Devices ( AMD ) to market perform or neutral from outperform on Tuesday, citing concerns about a weakening PC market. It comes a day after Barclays upgraded the semiconductor maker to an overweight or equal-weight buy. Amid competing calls, investors are advised to hold off on buying AMD, as the stock is likely to fall further in the coming months. (Jim Cramer’s charitable trust holds AMD, JNJ, DHR 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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