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Here is an update on our 7 Bullpen stocks

Published Thu, Oct 13 20223:57 PM EDT

Paulina Likos @paulina_likos

We reviewed our Bullpen stocks during the Investing Club's October "Monthly Meeting" on Thursday. The Bullpen is a collection of companies we actively monitor for their potential to be added in Jim Cramer's Charitable Trust, which is the portfolio we use for the Club. Here's a quick look the seven stocks and our latest thoughts on each. Barrick Gold (GOLD): Investors would think that with geopolitical tensions, inflation, and economic uncertainty, this is time for gold to shine. But the precious metal is being held back as interest rates go higher and as the dollar has strengthened. That's why we prefer to leave Barrick on our watch list, if not remove it outright in the days and weeks ahead. Gold and interest rates have an inverse relationship: When rates rise, the price of gold tends to fall and vice versa. Gold, which is traditionally viewed as a safe-haven investment in tough times, also faces stiff competition from bonds yields. The 2-year Treasury currently yields around 4.5%. Emerson Electric (EMR): We see this technology and engineering company, which has exposure to industrial, commercial, and residential markets as a "problematic" stock as its end markets slow down. The company seems to be breaking apart as a way to unlock value. In March, Emerson entered into an agreement to sell its subsidiary, Therm-O-Disc , a climate technology company. In August, EMR sold food disposal manufacturer, InSinkErator to Whirlpool, another Bullpen name. We're waiting for Club holding Honeywell International (HON) to benefit from an industrial tailwind — so, until then, w