During the September Monthly Meeting of the CNBC Investing Club, Jim Cramer and portfolio director Jeff Marks reviewed their stock portfolio and identified six key stocks to consider for purchase. They are particularly focused on Kimberly Clark, Bank of New York, Intel, Micron, Meta, and FedEx.
Kimberly Clark is seen as a potential buy due to its upcoming Kenvue acquisition, which could enhance its consumer health brand portfolio despite a recent earnings outlook downgrade. Bank of New York is favored for its fee-based revenue model, which offers stability amid economic fluctuations.
Intel's stock is viewed as undervalued following a recent pullback, with expectations for recovery as it raises CPU prices. Micron is highlighted for its strong position in the semiconductor market, trading at a low valuation relative to its earnings potential. Meta is expected to benefit from a recent legal settlement, allowing it to focus on expanding its cloud services.
Lastly, FedEx is anticipated to perform well during the holiday season, despite concerns over rising fuel costs. The meeting also touched on various other stocks, including Nvidia, Amazon, and Apple, with insights into their market positions and future potential