Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. During the July Monthly Meeting on Wednesday, Jim analyzed the portfolio through the lens of how a Donald Trump victory in the November election would impact our stocks. Apple : If Trump wins the election, the former president threatens to impose tariffs of 60% to 100% on Chinese goods, which could hurt demand in the region — Apple's second-largest market.
But the upcoming AI-integrated iPhone should spur sales, Jim said, ushering in an upgrade cycle for the company's flagship device. He also forecasted that shares will likely decline soon after hitting a series of record highs. A move lower for the stock, however, won't change the Club's "own it, don't trade" view.
Abbott Laboratories : Baby formula litigation remains the biggest overhang on Abbott shares, and our view on it has yet to change. Abbott's lost market cap since mid-March, when rival Reckitt Benckiser lost a lawsuit over its formula, greatly exceeds the potential penalties it may need to pay. Advanced Micro Devices : Artificial intelligence remains a strong secular growth story, and our decision to restart a position in AMD on Monday reflects our belief in the company to benefit both in its data center business and PC unit.
We added to our position again Wednesday in the sell-off. Amazon : With the stock being punished in the recent rotation out of tech, Jim said new investors can star.
