heres a rapidfire update on all 34 stocks in jim cramers charitable trust the portfolio we use for the cnbc investing club jim ran through each one of them wednesday during the may edition of our monthly meeting apple aapl with the iphone makers business in emerging markets like brazil indonesia and india beginning to show momentum our longtime own it dont trade it mantra continues to look great financial features like apple pay should help with services revenue growth in the years ahead too advanced micro devices amd jim said hes worried about overstaying his welcome in amd a company hes liked for many years under the leadership of ceo lisa su thats a highquality problem to have though the stock up 60 this year is nearing a 52week high amazon amzn the ecommerce and cloud giant is leaning into generative artificial intelligence ai to reignite its advertising business which generated 95 billion in revenues in the first quarter its a promising plan however jim suggested the club may need to trim its amazon position soon strictly from a portfoliomanagement perspective amzn is nearing a 3 weighting in the trust bausch health bhc after the monthly meeting concluded shares of the troubled pharmaceutical maker soared on a favorable ruling in the companys xifaxan patent litigation bhc stock jumped more than 41 at one stage to a session of 856 were still trying to figure out the full extent of the court ruling but its news that could eliminate the possibility of a default which brought the stock to 6 xifaxan which represents 80 of sales at bhcs salix pharmaceuticals unit is used to treat irritable bowel syndrome with diarrhea ibsd and overt hepatic encephalopathy bausch health disappointed investors with firstquarter earnings and revenue when it reported earlier this month however the company at the time offered betterthanexpected forward guidance caterpillar cat our focus is on the deluge of infrastructure spending coming in the us over the coming years and less on where dealer inventory levels sit in the next quarter something wall street analysts talk a lot about this allows us to be patient and see through shortterm noise costco cost costco continues to keep its prices low and its quality high and traders who sell its stock on say weak monthly sales are usually proven wrong over time salesforce crm ceo marc benioff has successfully fended off an unusual amount of activist pressure in the stock following the stocks big yeartodate run we sold 100 shares on may 4 were curious to see whether salesforce can jumpstart slack the workplacemessaging app it acquired nearly two years ago for almost 28 billion coterra energy ctra coterras firstquarter results were downright impressive  given the steep decline in natural prices in recent months jim said hed like to buy more if the stock fell below 24 per share but suggested the oilandgas firms robust buyback program may be putting in a floor danaher dhr danaher is in a rough patch but our longterm faith in management to execute and deliver efficiencies across its lifesciences businesses hasnt been shaken to sell here would suggest management has lost a step we dont believe thats the case and jim said hed like to buy some additional shares disney dis were sticking with disney although our entry into the entertainment giant was a bit early simply put the companys current market value is significantly lower than its franchise value rooted in its vast intellectual property library the odds favor that mismatch correcting over time estee lauder el the prestige cosmetics firm is dealing with a more volatile recovery in its asia travel retail business than expected leading to very disappointing guidance thats crushed the stock but now its priced in and we want to use the weakness to buy more betting on ceo fabrizio freda to deliver jim said buy el and we added more shares to the trust  emerson electric emr the automationfocused industrial needs another quality quarter to shake off the overhang created by its initially hostile takeover of national instruments nati in the absence of that jim said we may bid adieu to emerson ford f ceo jim farley did a fantastic job delivering in the automakers latest quarter and we like his decision to scale back fords business in china  the impact of teslas price wars on the overall electricvehicle market remains to be seen but its a wrinkle we didnt see coming foot locker fl we have low expectations for the sneaker retailers earnings report friday its still early into ceo mary dillons tenure though and we maintain our optimism in her turnaround strategy well look to add to our position currently just a 15 weighting on future weakness in the stock ge healthcare gehc the medical imaging and diagnostics company joined our portfolio wednesday  jim said it was coming on the monthly meeting recently spunout from general electric ge we see an industry leader thats now better positioned to accelerate growth alphabet googl we pared back our exposure in googles parent company in early may locking in big profits in the portfoliomanagement move but jim said hes optimistic about alphabets ability to serve as an aifocused consulting firm of sorts for other companies like it recently did with fastfood chain wendys wen halliburton hal a steep drop in oil prices recently has dragged halliburton down too prompting some investors to question whether a multiyear cycle of increased drilling investments is still in the cards but the biden administration refilling the strategic petroleum reserve and more visibility around economic growth would help oil prices pick back up honeywell hon the upcoming ceo transition with the retiring darius adamczyk set to be replaced by coo vimal kapur on june 1 has seemingly kept a lid on the stock recently however that gave us a chance to upgrade the stock to a buyithere 1 rating monday its exposure to aerospace and clean energy allow us to be patient humana hum the health insurer medicare advantage offering is muchimproved leading the company to revise its membership estimates higher multiple times since the fall its also the kind of defensive stock that should be relatively resilient in any badnews scenarios with the debtceiling fight in washington johnson  johnson jnj separating its consumer products division from its pharmaceutical and medical technology units was a good move for shareholders  but the ongoing talc lawsuit fight has been bad a favorable resolution to the latest proposed settlement would bring the focus back to the fundamentals and unlock the stock linde lin the wellrun industrial gas giant is off its alltime highs reached earlier in may but the multiyear outlook for linde remains very strong linde benefits from green hydrogen trends as well as expanding semiconductor manufacturing eli lilly lly eli lillys drug pipeline in diabetes and weight loss as well as alzheimers is stellar and why we believe its the best largecap pharmaceutical company out there were letting the stock ride for now up 33 over the past three months but acknowledge that we may have to book profits meta platforms meta the facebook and instagram parent has wisely used artificial intelligence to improve advertising efficiency on its platforms and to boost engagement with shortform video feature reels metas year of efficiency is working and jim said the metaverse thankfully looks like an afterthought right now morgan stanley ms its been a turbulent time for financial stocks since the collapse of silicon valley bank in midmarch and some others but we continue to like morgan stanleys asset and wealth management pivot if the sector comes back in favor jim said he expects the stock to climb to 90 per share from its current levels around 83 each microsoft msft microsoft has been riding the artificial intelligence boom that began late last year after the release of openais chatgpt the tech titan a key investor and partner with openai has rolled out a number of encouraging new aienabled features to its software nvidia nvda nvidia has become another own it dont trade it stock its graphics chips are at the heart of the ai cycle jim said its admittedly hard to know when nvidia shares up 105 year to date may take a breather palo alto networks panw ceo nikesh arora has done a great job turning palo alto networks into a profitable diversified cybersecurity company with scale as the industry consolidates despite the stocks recent weakness it remains above our cost basis of 17768 and we are hesitant to violate that pioneer natural resources pxd jim said he wants to buy more pioneer which will hand the reins to current president and coo rich dealy after yearend higher oil prices would certainly be a boon for pioneers stock price but the companys highquality assets in the permian basin are attractive on their own procter  gamble pg jim said p  g is primed for another strong move higher similar to its advance that took it from the mid 130s per share to around 155 on wednesday if it slips back to around 150 jim said he thinks p  g would be a buy starbucks sbux laxman narasimhan who took over as ceo in march deserves time to settle into the job especially given the difficult covid reopening environment in china middleclass consumers in china may be pulling back on some spending but we think the coffee chains bet on the country already its secondlargest sales market is the right one over time constellation brands stz the situation at constellation has become a bit of a mixed bag jim said with modelos growth remaining impressive while corona has cooled a bit however we like owning the company particularly due to its cash flow prowess tjx companies tjx the offprice retailer which reported solid earnings wednesday morning is a buy here jim stressed we expect solid results in the second half of the year wells fargo wfc wells fargo is a buy after it agreed to a settlement tuesday to resolve another legal matter from it scandalridden past under previous managers its future looks brighter each time another regulatory hurdle is put in the rearview mirror even though the federal reservemandated asset cap is still in place wynn resorts wynn shares of the casino operator jumped 7 to roughly 110 each wednesday after barclays upgraded the stock to the equivalent of buy from hold with a 135 price target with wynns properties in both the us and macao humming jim said hed consider using weakness in the stock to add to our small position see here for a full list of the stocks in jim cramers 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 trusts 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 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