heres a rapidfire update on every stock in the cnbc investing club portfolio jim cramer ran through each one of them monday during the july edition of our monthly meeting apple aapl we rate apple a 2 here meaning wed be buyers on a pullback  because were concerned the iphone makers upcoming quarterly results may be a little weak that said theres been no change to our mantra own it dont trade it abbvie abbv the biopharmaceutical firm has a big challenge ahead related to patent protections for its humira drug  we prefer fellow club holdings johnson  johnson and eli lilly over abbvie advanced micro devices amd were long the chip designer and staying long while theres all sorts of concerns about a semiconductor slowdown we believe amd is exposed to the right secular growth stories like data center our investment in the company is a multiyear endeavor not a quartertoquarter trade so we view the stocks struggles this year as giving investors a more attractive entry point amazon amzn amazon management is working to correct some of its overexpansion issues which we like to see if the stock goes a little lower were interested in buying back some of the amazon we sold twice earlier this year on march 1 0 and april 6  both sales which occurred before amazons 20for1 stock split went into effect were welltimed amazon shares on monday are considerably lower on a splitadjusted basis than they were when we trimmed the position for members we think it would be fine to buy some amazon here around 112 per share and then wait bausch health companies bhc we still have a 4 rating on the stock meaning we need more information to resolve our considerable uncertainty before we buy or sell shares its pretty much been a steady stream of bad news for bausch this year although a board shakeup late last month was an incrementally positive development  costco wholesale cost june sales showed strong growth and in an exclusive interview with cnbc on monday  ceo craig jelinek seemed confident that costcos members are holding up well despite recession concerns for members who want to start a position we think its probably prudent to wait for the stock to come in a little bit perhaps in the 480ish range before making your first purchase then accumulating more over time salesforce crm salesforce the enterprise software company has continued to perform well salesforce the stock has been a different story as highgrowth tech fell out of favor with investors however salesforces most recent quarter was a blowout  and the company has amassed a sizable cash position cisco systems csco unlike salesforce cisco has been a bit of a disappointment but the stock now carries at a dividend yield in the mid3 range at its current price levels for that reason were rather be buyers here than sellers coterra energy ctra coterra is one of the five energy stocks we now own as part of a strategy to hedge against inflation thats because spiking crude oil and natural gas prices albeit off their recent highs are big drivers of inflation we like coterra in particular as a way to gain exposure to natural gas plus the company has strong capital return program with a fixedplusvariable dividend and buyback program in place chevron cvx chevron is another one of our energy plays and we view the company as a leader in the oil industry we know theres been recent weakness in oil stocks but as noted above we consider them a way to ensure our portfolio can benefit from further inflation danaher dhr danaher is a defensive stock the life sciences firm gets the majority of its revenue from recurring customer purchases insulating the company from wild swings tied to the economy in other words danaher doesnt need robust economic growth to do well walt disney dis for one reason or another we think disney has become among the most hated stocks on the street we struggle to understand it even if we recognize theres work to do to repair its balance sheet from the illfated 21st century fox acquisition that said we believe the strength of disneys franchises are unrivaled and not adequately reflected in its market valuation devon energy dvn another energy stock we like devon for its mix of growth and great dividend which also falls into the fixedplusvariable payout model ford motor f similar to amazon we made multiple sales of ford shares this year at prices above where the stock currently trades while its making hefty investments in electric vehicles ford now trades at less than 6 times forward earnings at just over 11 per share the stock is close to levels where wed want to start buying again alphabet googl were keeping an eye on a bill in congress that if passed would require alphabets google to separate parts of its behemoth digital ad business  in our minds the company is doing so well the only thing that can stop it is the federal government halliburton hal an oilfield services company halliburton is our energy stock thats a direct bet on an increased drilling activity its related to our belief that oil prices will be higher for longer given the mismatch between supply and demand honeywell international hon —industrials have fallen out of favor on wall street for a number of reasons and our exposure to the industry is light however we see honeywell as a relatively safe way to play the aerospace industry humana hum the health insurer falls into the category of highquality defensive stocks we recently sold a total of 75 shares across two transactions moves made out of discipline because the stock was at new highs we didnt want to be greedy we like the companys 100 us revenue exposure and its lack of interest rate sensitivity johnson  johnson jnj j  j is splitting itself up into two companies one focused on consumer products and the other with its pharmaceutical and medical device divisions theres still a bit of time before that gets completed j  j estimated 18 to 24 months in november but we like the plan linde lin we regret not selling shares of the industrial gas giant when they were well above 300 apiece so now we feel obligated to hold on eli lilly lly we continue to like the companys innovation pipeline and like many analysts see the promise lillys new diabetes drug carries as a potential weightloss treatment too eli lilly also falls into the category of highquality defensive meta platforms meta we think the facebook parent is a buy at its current levels we are not betting against ceo mark zuckerberg as he works to build out the metaverse while fending off competition from tiktok with the growth of reels on instagram and facebook the stock has fallen considerably this year but now it trades at a historically low multiple that to us suggests a lot of the risk is already priced in marvell technology mrvl of our four semiconductor companies marvell has the least consumer exposure in its end markets thats important to note at a time when consumer end markets like pcs are expecting to see the most considerable slowdown we like marvell and its exposure to enterprise customers evidenced by the fact we bought 100 more shares on thursday  morgan stanley ms its one of our two financial stocks as weve reduced exposure to the industry it is scheduled to release earnings thursday  and while we cant predict how the results will turn out we like the banks recently announced 20 billion buyback program its one of reasons weve been buying shares this year on the way down including 50 additional shares last week microsoft msft one of the best run tech companies in the world microsoft looks like a buy to us down here around 264 per share microsoft is buying back stock has a pristine balance sheet and its main growth engine its cloud business azure appears to still be doing well nvidia  nvda like amd we continue to stay long nvidia despite the struggles semi stocks have faced this year for club members who have owned nvda throughout its drawdown we think these current levels around 150 per share are not where you want to sell wed rather be buyers believing its advisable to start nibbling a little bit in this price range pioneer natural resources pxd we like pioneer as a buy here picking up 15 shares monday  after the stocks recent weakness related to a decline in the price of oil however we want to point out that even with west texas intermediate crude at around 100 per barrel pioneer is still generating a ton of cash that will be returned to shareholders procter  gamble pg we bought p  g earlier this year as we highgraded the portfolio so far the company has seemingly been able to pass through price hikes without consumers trading down to generics while the strong dollar is a headwind  we expect organic sales growth to be solid qualcomm qcom chinas unpredictable covid policy has been a thorn in the side of qualcomm shares and the chip firms revenue diversification strategy hasnt yet been rewarded by investors the stock continues to trade at a low multiple though and time will tell if its fallen enough to mark a bottom constellation brands stz like p  g we initiated a position in constellation as part of a highgrading strategy its portfolio of mexican beer brands including modelo and corona are growing and alcohol sales generally have been resilient during recessions constellation reported terrific quarterly earnings june 30  and ceo bill newlands struck a confident tone on the near term  wells fargo wfc our other financial stock is set to report earnings friday while a slowdown in mortgage activity is a negative for wells fargo management has given plenty of warning on the weakness plus the feds interest rate hikes should help boost wells fargos net interest income walmart wmt walmart is another stock that we wish wed trimmed earlier this year when shares of the big box retailer traded in the 150s wynn resorts  wynn chinas decision to continue trying to enforce its zerocovid policy has hurt wynn which has two important resorts in the special administrative region of macau weve scaled back our position to just 200 shares making it by far the smallest weighting in the portfolio it could be a source of funds if we need additional cash to deploy in better investment opportunities see here for a full list of the stocks in jim cramers charitable trust which we use as the clubs portfolio 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 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