Here’s our Annual Meeting update on 10 tech stocks, plus Disney, in the Club portfolio

March 6, 2023

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Here’s an update on technology-related holdings in Jim Cramer’s Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club’s inaugural Annual Meeting, an in-person event Saturday in New York City. Here’s a video replay of the meeting . The following is a breakdown of 10 tech stocks, plus Disney (DIS) because the entertainment giant is part of the S & P 500’s communication services sector along with Alphabet (GOOGL) and Meta Platforms (META). On Monday, we looked at our consumer stocks , which included Amazon (AMZN), which is part of the S & P 500’s consumer discretionary sector. Apple (AAPL): The iPhone maker is the finest consumer technology products company in the world, which is why we’ve adopted our “own it, don’t trade it” mantra for the stock. That is still our view toward the company, which earlier this month reported a solid quarter despite numerous supply challenges. Apple’s install base keeps growing, standing north of 2 billion active devices now, and the company also keeps generating a ton of free cash flow. The money funds Apple’s dividend payments and its massive share buyback program, which we love as long-term investors in Apple, whose stock has climbed more than 13% year to date. Share repurchases allow us to consistently own a larger percentage of the company’s earnings at no extra cost to us. Warren Buffett, another longtime Apple shareholder, made this point in his yearly letter, released Saturday, just before the Club’s Annual Meeting. We completely agree with the “Oracle of Omaha.” Advanced Micro Devices (AMD): While it’s been a challenging few quarters for the semiconductor industry overall, AMD has proven itself to be a market-share gainer in the key data center chips, largely at the expense of rival Intel (INTC). Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. In the near term, commentary from fellow Club holding Nvidia (NVDA) — suggesting green shoots in data center and gaming markets — bodes very well for AMD, too. Investor concerns about those two markets have lately weighed on both AMD and Nvidia. But sentiment is…

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