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

CNBC LogoCNBC1 mo ago

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

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Article Type: News Report

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

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 5 minutes read

Article Length: 833 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 2391

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