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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. Health care at the center of ‘Ultimate trade-down play’ View Bullpen 1 Health care at the center Club holdings Danaher ( DHR ) and GE Healthcare ( GEHC ) reported better-than-expected earnings on Tuesday. Shares of Danaher were down about 0.25% in morning trading after the life sciences company cut its guidance again. Jim Carmer said he knows owning Danaher has been challenging lately, but urged investors to hang on. Meanwhile, shares of GE Healthcare fell more than 2% Tuesday morning. “It’s a mistake. They should sell it,” Jim said, expressing faith in the years-long story at GEHC. We’ll have a full breakdown of both earnings announcements later Tuesday. 2. ‘Ultimate trade-down play’ Investors recognize that Costco Wholesale ( COST ) is perfectly positioned to take advantage of inflation-conscious, value-seeking shoppers, Jim said. That development helps explain why Costco shares have rallied for 11 straight sessions and are up more than 7% since July 10. Costco is back in the green on Tuesday. A wholesale retailer is “the ultimate replacement game,” Jim said. We continue to believe in Costco as a long-term investment opportunity, with potential additional catalysts such as membership fee increases and a special dividend still on the horizon. 3. Check out Bullpen RTX Corp. (RTX), the aerospace and defense company formerly known as Raytheon Technologies, is becoming an increasingly attractive investment opportunity, with the stock down 14% Tuesday morning, Jim said. Shares of RTX — a stock that has been in the Club’s bullpen since December — are falling after the company issued a warning about some of its engines. Jim admitted that this is likely to be an expensive problem for RTX. “Of course I waited and waited and waited to get into” RTX, he said. (Jim Cramer’s charitable trust owes DHR and GEHC. 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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