Jim Cramer is a respected entrepreneur and television host. His Mad Money program is one of the leading programs in the station. Cramer also runs a charitable trust that invests in high-quality companies in all industries. Here are some of the top picks in Jim Cramer’s charitable trust.
Adobe
Adobe (NASDAQ: ADBE) is a leading technology company that has successfully transitioned itself in the past few years. As a result, it has become one of the biggest cloud computing companies in the world, valued at over $250 billion.
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Recently, however, the Adobe stock price has not done well. Its stock has declined by over 25%, meaning that it is in a bear territory. This sell-off is mostly because investors expect that tech companies will struggle in an era of high-interest rates. Also, there is an ongoing rotation from growth stocks to value.
Still, Jim Cramer loves Adobe. In a recent segment, he championed the company, saying that it was a good mega-cap that will deliver. He is not alone. According to Webull, the company has an average target of $664, which is higher than the current $560.
Costco Wholesale
Costco (NASDAQ: COST) is a leading company in the United States valued at over $231 billion. The company runs over 800 warehouses in the US. Unlike most retailers, Costco does not make most of its money by selling products. Instead, it is a subscription business that sells memberships.
It has millions of subscribers in the US, who prefer it for its deep discounts. Also, most Costco buyers don’t visit the stores to buy single items. Instead, they visit the store monthly to buy products in bulk.
Costco is one of the few retailers in Jim Cramer’s Charitable trust. He has claimed that the company is his favorite consumer staple holding. Analysts agree. They have an average target of $556, which is higher than the current $284.
Chevron
Chevron (NYSE: CVX) is a leading oil and gas stock that has done well recently. It has jumped by almost 40% in the past 12 months, giving it a market capitalisation of over $243 billion. The Chevron stock price is also trading at a 52-week high.
Chevron is a leading company in Jim Cramer’s charitable trust. He cited its high dividend yield of 4.57% and the fact that the company has enough cash flow to pay this dividend in a period of low oil prices. The Chevron stock price is trading at $105 and the average target for the stock is at $132.
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