Let's say you just joined the Club and are trying to determine which stocks we think can be bought right now, right here. Ideally, I'd like members to think about a complementary portfolio of up to a dozen stocks to a market index fund position, something we recommend for investors just starting to manage their own money. Your own portfolio. Curated by us. Selected by you. More than 12 names, unless you are a stock addict like me, it may be too difficult to stay on top. Remember, shopping and doing your homework is my motto, don't buy and hold on and forget about it. The question is: What stocks would you buy right now? There are some in our portfolio of 33 companies that are too high to recommend, and some, due to changes in circumstances, are too low, rightly low, and are falling like Salesforce after Wednesday night's quarter. We have a difficult market. But I see stocks that call to me and tell me that it is a good level to start with. No stock should be purchased in one go. This is foolish in a market that has developed a bearish bias as we end the month. GEHC YTD mountain GE Healthcare YTD I can't help but think that a company like GE Healthcare should be bought here. GEHC manufactures all types of medical machines. In fact, on Wednesday we added some more shares to the Club's portfolio. The MRI business is very, very strong. The orders are there. The companies and hospitals that buy them make a lot of money from them. The cost of performing each MRI is decreasing due to the availability of component supply and artificial intelligence is reducing the time it takes to perform the scan. HON YTD mountain Honeywell YTD I feel the same way about Honeywell on these levels. This is a company that is about to embark on a reinvention journey where there could be a pretty big breakup, similar to what we're getting from DuPont. Honeywell is a kind of fanciful amalgamation of chemicals, aerospace, climate controls, security, healthcare and warehouse automation. At one time, that might have made sense, but now it seems to serve no purpose. Honeywell needs to be broken up, and I think it will be, judging by the amount of money made from the merger and spin-off of Raytheon and United Technologies or the spin-off of General Electric. Honeywell stock is falling to levels that make too much sense to me to ignore. WYNN YTD mountain Wynn Resorts YTD I would definitely buy Wynn Resorts stock. The gaming and resort company's American properties in both Las Vegas and Boston are seeing incredible results, as are its two in Macau, the Chinese administrative region that is the center of gaming in Asia. But every time any portfolio manager gets comfortable with the trajectory of China's slow post-Covid recovery, something negative happens and it all goes to waste. Even Wynn, who has had amazing numbers, gets caught. SWK YTD mountain Stanley Black & Decker YTD I'm not a big believer in forecasting Fed rate cuts. That's been a ridiculous parlor game played by managers who have no idea how to pass the time. I think Federal Reserve Chairman Neil Kashkari said it well the other day when he opined that things are going well: why not do it? Why rush to cut? That is a minority opinion. Most people think there will be at least one, if not two, cuts this year. I'm not there for that. However, if you think that's the case, then you could do no better than owning shares of Stanley Black & Decker with an annual dividend yield of almost 4% and a very good business that could go up in flames at the first cut. It's at the top of many fund managers' lists right now, but a reluctance to do it too early is holding them back. If the stock had no or poor performance, I'd say they're right. But at these prices? It makes a lot of sense not to buy it and get paid to wait. F YTD mountain Ford YTD I know I've been tearing my hair out over this, but you can earn 5% on a CD or you can earn a 5% annual dividend yield on Ford stock. The CD is not going to consider the idea of buying back shares and is not going to have a very good quarter because the electric vehicle losses are slowing down. This stock was at $13.50 per share just a few weeks ago, and I feel better about it now, almost $2 less than I did back then. What greater support could there be? The stock is at a level where we are upgrading it to our 1-equivalent Buy rating. (Jim Cramer's Charitable Trust is long GEHC, HON, WYNN, SWK, F. See here for a full list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable fund's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY VIRTUE OF THE RECEIPT OF ANY INFORMATION PROVIDED IN RELATION TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
CNBC Investment Club with Jim Cramer
Rob Kim | NBC Universal
Let's say you just joined the Club and are trying to determine which stocks we think can be bought right now, right here. Ideally, I'd like members to think about a complementary portfolio of up to a dozen stocks to a market index fund position, something we recommend for investors just starting to manage their own money. Your own portfolio. Curated by us. Selected by you. More than 12 names, unless you are a stock addict like me, it may be too difficult to stay on top. Remember, shopping and doing your homework is my motto, don't buy and hold on and forget about it.
The question is: What stocks would you buy right now? There are some in our portfolio of 33 companies that are too high to recommend, and some, due to changes in circumstances, are too low, rightly low, and are falling like Salesforce after Wednesday night's quarter. We have a difficult market. But I see stocks that call to me and tell me that it is a good level to start with. No stock should be purchased in one go. This is foolish in a market that has developed a bearish bias as we end the month.
