We are exiting our position in Abbott Laboratories , selling 250 shares at roughly $129. Following the trade, Jim Cramer’s Charitable Trust will no longer hold a position in Abbott. Abbott Labs reported a mixed quarter on Wednesday as strength in its medical devices business was partially offset by softness in its nutrition and diagnostics units. For such a high-quality company with a long track record of beating analyst estimates and raising its full-year outlook, this was the second consecutive quarter where it either cut or maintained its guidance. Shares of this diversified health-care company have had a solid year, gaining about 14% and outperforming the broader health-care sector’s gain of about 4%. However, the stock has stalled out since July alongside the lack of positive earnings revisions from the second-quarter report. Another quarter without a guide up could mean the stock will continue to trade sideways. Instead of holding on to this tiny position, we are freeing up this capital for better opportunities. Finally, this sale will increase our cash position to around 7.5% of the portfolio. Due to the market’s sensitivity to trade relations with China, having this extra cash will give us more flexibility should we see another headline-driven sell-off. From this sale, we will realize an average gain of about 24% on stock purchased in April and May 2024. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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 trust’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 INVESTING 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 YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Press Briefing Transcript: IMF Managing Director Global Policy Agenda Transcript, Annual Meetings 2025 – International Monetary Fund
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BWF Denmark Open 2025: Jonatan Christie breezes past Naraoka Kodai; An Seyoung also through to second round
Indonesia’s Jonatan Christie‘s quest for consecutive BWF World Tour badminton titles continued apace on Thursday (16 October) with a second-round win at the 2025 Denmark Open.
The sixth seed defeated Japan’s Naraoka Kodai in straight sets,…
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Space Marine 2: Space Marine 2 gets a time-limited Free Demo
Play the Campaign, Operations and Eternal War modes as much as you want for a few days, and keep your progression by purchasing any Space Marine 2 edition.
After celebrating its first anniversary with a new update, Focus…
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Apple loses another AI exec to Meta
Ke Yang, the Apple executive leading the iPhone-maker’s efforts to build AI-driven web search, is heading to Meta, according to a Bloomberg report.
Yang’s departure marks the latest in a string of exits from Apple’s AI unit, putting…
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New ALS Focus™ Data Dashboard Provides Open Access to ALS Community Data
This interactive tool from the ALS Association provides researchers, clinicians, and advocates with real-world data to drive improvements in research, care, and policy.
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A failed strike and then a 6-day conflict: Meet Noor Wali Mehsud – man who brought Pakistan its knees
An uneasy ceasefire may have paused six days of fierce fighting between Pakistan and Afghanistan, but the name haunting Islamabad remains the same: Noor Wali Mehsud, the militant cleric Pakistan blames for bringing the country to the brink.As…
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OnePlus’ OxygenOS 16 brings Gemini into your Mind Space
OnePlus has announced OxygenOS 16, its take on Android 16, with upgrades to its Mind Space AI tool including complete integration with Google Gemini. Other updates include new lock screen customizations, improved connectivity options, and design…
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Spanish police investigate as Picasso painting vanishes on way to exhibition | Art theft
Police in Spain are investigating the disappearance of a tiny Picasso painting, worth €600,000 [£520,000], that vanished en route from Madrid to an exhibition in the southern city of Granada.
The gouache and pencil work, Naturaleza muerta con…
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