Here's our December rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio

Published Thu, Dec 15 20222:42 PM ESTUpdated Fri, Dec 16 20228:16 AM EST

Kevin Stankiewicz @in/kevinstankiewicz @kevin_stank

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Jim Cramer ran through each one of them Thursday during the December edition of our "Monthly Meeting." Apple (AAPL) — Apple's current quarter may be weak because of manufacturing problems in China. Despite this possibility, we're not trying to trade in and out of the iPhone maker. It's too hard to time stocks like that. "Own it, don't trade it" remains the mantra. Advanced Micro Devices (AMD) — We plan to wait a bit before adding to our positions in chipmakers like AMD. We think the inventory correction, which is keeping pressure on profit margins, isn't finished just yet. Amazon (AMZN) — The tech giant is busy cutting its headcount and spending on money-losing endeavors, which we think is priming the pump for the stock's rebound. We will keep owning in the meantime. Bausch Health Companies (BHC) — Our position in Bausch Health is influx. We misjudged this one, and wish the company was being responsive to our inquiries. Costco Wholesale (COST) — If you want to own one retailer, make it Costco. The company's membership model allows it to sell products at low prices, ideal for an inflationary environment where customers are looking for value. A special dividend may be coming soon, too. Salesforce (CRM) — Shares of Salesforce have been in the doghouse all year, but Jim thinks a bottom could finally be in . Cisco Systems (CSCO) — Our patience with the computer networking company was justified by Cisco's fiscal first-quarter results last month . We're especially pleased with the maturation of Cisco's software business, which we think helps support a higher price-to-earnings ratio for the stock. Coterra Energy (CTRA) — Coterra shares have lagged our other energy holdings over the past three months, despite its natural gas exposure. Jim said he's working to figure out what's driving the underperformance. Danaher (DHR) — One of the most consistent companies in the world. The upcoming separation of its water business could be an upside catalyst for the stock. Walt Disney (DIS) — Disney has been tough to own this year. While Bob Iger's track record isn't perfect, we're glad to see him back at the helm . This might be the Club's favorite down-and-out stock for 2023. Devon Energy (DVN) — We've not let the market shake our conviction in Devon, even as its been an up-and-down ride at times. With U.S. crude at about $77, the company can still return plenty of cash to shareholders through its base-plus-variable dividend. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. While the stock has typically carried a premium valuation, it's well-run and China's Covid reopening is a major tailwind. Emerson Electric (EMR) — We just started a position in this American industrial firm Wednesday, and added to our holding Thursday . A dividend aristocrat that's pivoting its portfolio toward automation, Emerson looks well-positioned to grow earnings next year. It trades at a discount to peer Rockwell Automation , but that can narrow. Ford Motor (F) — A potential recession in 2023 likely won't be great for auto sales and, by extension, Ford shares. However, the company is continuing to rack up wins on electric vehicles, solidifying itself as a legitimate player in the all-important space. Alphabet (GOOGL) — The slowdown in advertising spending has hurt Alphabet, and the recovery may be slow as long as the crypto industry, once a big spender , remains under duress. Management needs to take tough action on headcount and real estate. Halliburton (HAL) — We trimmed some last week after a big three-month rally to stay disciplined and help lower our cost basis. However, the multiyear growth story is still intact at the oilfield services firm. Honeywell International (HON) — The industrial giant has retooled its portfolio in recent years, and what's been retained makes the company positioned to grow steadily despite economic slowdown concerns. That's because its crucial aerospace division is still humming, and its unit that makes products used in petroleum refineries also is seeing strength. Humana (HUM) — One of our top performers this year. Club members who are looking to start a position in the health-care company can be patient. Under $500 per share would be a better entry point. However, the turnaround for its Medicare Advantage plan is real. Johnson & Johnson (JNJ) — A classic defensive stock that's performed well this year, and the company is poised to split itself up next year . We like the separation because the two distinct companies will be more streamlined and better positioned to allocate capital. Linde (LIN) — The industrial gas company may be a bit under-the-radar for many, but it's been a winner for us. We continue to like its prospects into next year, not only because of its clean hydrogen exposure . Eli Lilly (LLY) — Been a big winner for us, and the company's weight-loss treatment is on track to be the best-selling drug of all time. That makes us want to stay invested in Lilly. Meta Platforms (META) — The Facebook and Instagram parent laid off around 13% of its workforce last month, and more job cuts could be on the way. We're keeping our eye on regulatory developments involving TikTok, a major competitor to Meta, as well as Meta's efforts to monetize messaging service WhatsApp. Morgan Stanley (MS) — While the Wall Street bank has been hurt by the slowdown in capital markets activity this year, CEO James Gorman's efforts to develop more stable revenue streams haven't stopped. Morgan Stanley shares also carry a 3.5% dividend yield, based on Thursday's price, and repurchases healthy amounts of stock, which pays us to be patient until capital markets bounce back. Microsoft (MSFT) — We're holding steady here, having trimmed our position at higher levels in August and similar levels in November. While Microsoft's stock multiple may be a bit richer than ideal, the company is a reliable performer and less risky than other tech names. Nvidia ( NVDA) — The most difficult stock in our portfolio to figure out. We recognize we should've been more disciplined and locked in profits when the chipmaker's market cap sat north of $800 billion over a year ago. Nevertheless, Nvidia's chips are crucial to secular trends, so we're hanging on to our remaining position. Pioneer Natural Resources (PXD) — For Club members who are looking for income, Pioneer Natural Resources is one of our favorite places to look because of its variable dividend policy. Procter & Gamble (PG) — P & G shares are up over 8% in the past month, and we try to avoid chasing stocks after strong near-term moves. We'd advise Club members do so the same, even if we still like the company's defensive nature. Qualcomm (QCOM) — While we've trimmed Qualcomm recently, we're not planning to sell more with the stock below $120 per share. We acknowledge our initial optimism in the Qualcomm story has not gone as planned. Starbucks Corp (SBUX) — The coffee chain stands to benefit from a robust economic reopening in China after three years of strict Covid policies. Even if there are some setbacks on that front, Starbucks can keep on expanding in the country . Constellation Brands (STZ) — While the stock has been rangebound lately, we continue to like the beer maker and believe its core portfolio of Modelo and Corona is still popular among consumers. Recent corporate governance changes improve the company's attractiveness as an investment. TJX Companies (TJX) — TJX is a first-rate off-price retailer, and its stock can go higher from here. The conditions that made us want to invest, such as retail's inventory glut and inflation-wary consumers, remain intact. Wells Fargo (WFC) — Another stock that income-seeking Club members could consider buying. Wynn Resorts ( WYNN) — We've been holding onto a small position as a bet on China's eventual Covid reopening. Billionaire casino magnet and restaurateur Tilman Fertitta's passive stake in Wynn also has us intrigued because it could always turn active. We intend to stick with Wynn. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Jim Cramer on Squawk on the Street, June 30, 2022.

Virginia Sherwood | CNBC

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Jim Cramer ran through each one of them Thursday during the December edition of our "Monthly Meeting."