Tuesday's market bounce allows us to raise some cash to buy in the next downturn

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Tuesday's market bounce allows us to raise some cash to buy in the next downturn

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We're raising cash about equal to what we put to work last Friday in three trades when the market was much lower.

We're trimming 65 shares of AbbVie (ABBV) at roughly $143.16 each and reducing our Wynn Resorts (WYNN) holding by 100 shares priced at roughly $55.01 each.

Of course, selling today runs the risk of parting with a stock that would materially benefit from China moving away from its zero Covid policy for good.

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Category: Economy

Topics: CNBC Investing Club: Newsletter Eli Lilly and Co Articles InvestingClub CNBC Investing Club: Cramer Trade Alert Health care industry Breaking News: Markets Cnbc Markets CNBC Investing Club Apple Inc Pharmaceuticals Abbvie Inc Cisco Systems Inc Wynn Resorts Ltd Investing Investment strategy Source:tagname:CNBC US Source Casinos and Gaming Jim Cramer

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 16:07:12

News Timezone: GMT -5:00

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Language: English

Reading Time: 5 minutes read

Article Length: 833 words

Coverage Area: United States

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News ID: 2391

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