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The CNBC Investing Club on Wednesday convened for its June Monthly Meeting, during which Jim Cramer and Jeff Marks, director of portfolio analysis, dished out their latest thinking on all 35 portfolio stocks.
Key facts
- No wonder it's almost doubled in 2026 and now carries a bigger market cap (roughly $33 billion) than its former parent (almost $20 billion)
- Healthcare Cardinal Health: This one got caught up in a vicious rotation away from healthcare, taking it from about $230 early March to $182.50
- GE Vernova has a whopping $200 billion backlog for 2027, way ahead of management's expectations
- It's been making a nice move in recent weeks, and an eventual rate cut could send Home Depot to $400 per share, which would be 20% upside to current levels
Summary
Tech & data center Jim began the portfolio breakdown by saying he believes a re-ordering of the "Magnificent Seven" is upon them. But does it have to do an equity offering like Alphabet to fund its AI buildout, or is it already making enough money with its AI and they don't know it yet? Will Meta be important a few years from now at this pace? They're restricted from trading the stock, but if they get a couple of up days in a row, they might look to book some profits.
The CPU-to-GPU ratio is trending toward parity, per Intel CEO Lip-Bu Tan, and its third-party manufacturing business could take off in the coming years as companies look for TSMC alternatives. Arm Holdings: In second place is Arm, a company with tons of intellectual property for power-efficient semiconductors. To manage the risk, they've adopted a strategy of trimming it down to a 1% weighting as it goes higher. Broadcom: Shares are jumping Wednesday after a forceful defense from a chip analyst they respect, JPMorgan's Harlan Sur.