Immediately after the opening bell, we will end our position at GE Healthcare and sell 550 shares for around $65. Following Friday’s trade, Jim Kramer’s charity trust will no longer own GEHC positions. We have loosened our small position at GE Healthcare and have raised some cash following two negative developments over the past 48 hours. The first is the impact of tariffs. According to the GE Healthcare annual report submitted in February, there are 15 manufacturing facilities in the United States, with 28 overseas locations, including China, India, Israel, Mexico, Brazil, Europe, Korea and Japan. Typically, a diverse supply chain is a vy wish for a company, as it can be flexible during disruptive times. But this is not the time of high mutual tariffs. The international presence of GE Healthcare works against them. Secondly, the company’s China exposure is problematic. The state’s response to tariffs is unbearable for the medical device company. In response to the increase in tariffs, China said Friday it would impose a 34% retaliatory tariff on all goods imported from the US. China has announced a study to prevent damping in medical CT X-ray tubes from the US and India. This crackdown on medical devices will be a retreat of the green shooting seen by GE Healthcare earlier this year. These two new negative developments are not worth keeping the smallest position in the portfolio. Additionally, this extra cash will increase the portfolio’s defense at this uncertain moment based on pre-market prices, resulting in a loss of about 12% of the remaining shares. (Jim Cramer’s charitable trust has been GEHC for a long time. See the full list of stocks here.) As a CNBC Investing Club subscriber with Jim Cramer, you will receive a trade warning before Jim makes a transaction. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the fiduciary. No specific outcomes or benefits are guaranteed.
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We have finished our position in healthcare inventory to raise some cash
By Reid Novak
