LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

We’re exiting our position in a health-care stock to raise some cash

Robert Frost by Robert Frost
April 4, 2025
in Industries
We’re exiting our position in a health-care stock to raise some cash
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Shortly after the opening bell, we will be exiting our position in GE Healthcare , selling 550 shares at roughly $65. Following Friday’s trade, Jim Cramer’s Charitable Trust will no longer own a position in GEHC. We’re cutting loose our small position in GE Healthcare and raising some cash following two negative developments over the past 48 hours. First is the impact of tariffs. Per GE Healthcare’s annual report filed in February, it has 15 manufacturing facilities located in the U.S. and 28 locations overseas, including in China, India, Israel, Mexico, Brazil, Europe, South Korea, and Japan. Usually, a diversified supply chain is the envy of companies because it allows them to be flexible in disruptive times. But not in this era of high reciprocal tariffs. GE Healthcare’s international presence works against them. Second, the company’s China exposure is problematic. The country’s response to the tariffs is too much to bear for this medical equipment company. In response to the increased tariffs, China said Friday it will impose 34% retaliatory tariffs on all goods imported from the U.S. In addition, China announced an anti-dumping probe in medical CT X-ray tubes from the U.S. and India. This crackdown on medical equipment will likely be a setback to the green shoots GE Healthcare saw earlier this year. These two new negative developments are not worth defending for the smallest position in the portfolio. Plus, this extra cash will increase the defensiveness of the portfolio in this uncertain moment Based on premarket prices, we will realize a loss of about 12% on our last remaining shares. (Jim Cramer’s Charitable Trust is long GEHC. See here for a full list of the 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 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.



Source link

You might also like

Vietnam setting bans on gasoline motorcycles next year, followed by cars

Manitou and Hangcha commit to heavy equipment battery production JV

With another tariff deadline looming, these 10 things are going the right way for stocks

Share30Tweet19
Previous Post

‘You’re running out of time’ to claim an IRS stimulus check, tax expert says

Next Post

Has Michael Saylor’s Strategy built a house of cards?

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Vietnam setting bans on gasoline motorcycles next year, followed by cars
Industries

Vietnam setting bans on gasoline motorcycles next year, followed by cars

July 21, 2025
Manitou and Hangcha commit to heavy equipment battery production JV
Industries

Manitou and Hangcha commit to heavy equipment battery production JV

July 21, 2025
With another tariff deadline looming, these 10 things are going the right way for stocks
Industries

With another tariff deadline looming, these 10 things are going the right way for stocks

July 21, 2025
These cars are losing value fast — that’s GREAT news for used EV buyers!
Industries

These cars are losing value fast — that’s GREAT news for used EV buyers!

July 20, 2025
Next Post
Has Michael Saylor’s Strategy built a house of cards?

Has Michael Saylor's Strategy built a house of cards?

Related News

Why is Ether (ETH) price up today?

Why is Ether (ETH) price up today?

July 9, 2024
Miniso signs deal to open flagship store at 100 Oxford Street

Miniso signs deal to open flagship store at 100 Oxford Street

October 12, 2023
US judge tosses SEC fraud suit against Hex founder Richard Heart

US judge tosses SEC fraud suit against Hex founder Richard Heart

March 1, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?