Citi names GE Healthcare a top pick, showing confidence in medical equipment maker's future.

From CNBC: 2024-05-22 11:40:45

On Wednesday, U.S. stocks remained steady as investors awaited Nvidia’s earnings report to gauge the future of the AI rally. Jim Cramer emphasized the importance of not only focusing on Nvidia, pointing to TJX Companies’ positive earnings as a sign of consumer behavior. Citigroup added GE Healthcare to their top picks list, signaling confidence in the medical equipment maker’s future despite a recent earnings dip. Citi also adjusted Abbott Laboratories’ price target due to baby formula litigation concerns, though the company’s nutritional offerings are well-regarded. As a member of the CNBC Investing Club with Jim Cramer, subscribers receive trade alerts before Jim makes a move, with specific guidelines in place to ensure fair trading practices.



Read more at CNBC:: Citi names GE Healthcare a top pick. Jim Cramer’s thoughts on the call