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It’s time to boost 401(k) contributions for 2023: ‘You’re smart to jump on this,’ says advisor

January 3, 2023 Published by Kate Dore, CFP®

US Top News and Analysis

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If you’re eager to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your deferrals, financial experts say.

You can funnel $22,500 into your 401(k), 403(b) and other such plans for 2023, up from the $20,500 limit in 2022. Employees 50 and older can contribute an extra $7,500, up from $6,500 in 2022.

In 2021, roughly 14% of investors maxed out employee deferrals, according to 2022 estimates from Vanguard, based on 1,700 plans and nearly 5 million participants.

“You’re smart to jump on this,” said certified financial planner Catherine Valega, founder of Green Bee Advisory in Boston. “Most people set [401(k) contributions] once and never look back.”

If you aim to max out 401(k) contributions for 2023, it may pay off to start early, as spreading it out may be easier than contributing more later in the year.

And more time in the market may offer more growth potential, said Marguerita Cheng, a Gaithersburg, Maryland-based CFP and CEO of Blue Ocean Global Wealth.

“The sooner you can increase your contributions, the sooner you can have your money working for you,” said Cheng, who is also a member of CNBC’s Advisor Council.

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Get to know your 401(k) match before front-loading

Higher earners may also consider front-loading 401(k) contributions to reach the deferral limit before year-end.

For example, if you receive an October bonus, you may front-load 401(k) contributions to max out the plan, freeing up more take-home pay for November and December.

Before maxing out the plan early, however, you need to know how your 401(k) match works, Valega said. Many companies only kick in matching funds when you defer part of your paycheck.

The sooner you can increase your contributions, the sooner you can have your money working for you.

Marguerita Cheng

CEO and co-founder of Blue Ocean Global Wealth

In that case, you won’t receive the full employer match unless you make 401(k) contributions every pay period.

However, other plans have what’s known as a “true-up,” meaning the company calculates the 401(k) match on an annual basis rather than every pay period.

“It means they don’t really care when you put in your money,” Valega explained. “They will make sure that you get the full match at the end of the year.”

You can learn more about your match by checking your 401(k) summary plan description, which covers how the account works, or reviewing the document with a financial advisor.

When to limit 401(k) contributions

While maxing out 401(k) contributions is a lofty goal, there are reasons why you may decide to limit deferrals after receiving the full company match.

“This, of course, may vary depending on goals,” said Marianela Collado, a CFP and CPA at Tobias Financial Advisors in Plantation, Florida.

For example, if you’re saving a down payment for a home, you may temporarily re-route funds to meet your short-term goal, she said.

Likewise, if you’re sitting on high-interest credit card debt or don’t have an emergency fund, you may allocate money elsewhere before increasing 401(k) deferrals.

[World] Foreigners now banned from buying homes in Canada

January 3, 2023 Published by

BBC News world-us_and_canada

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Canada’s largest cities – Toronto and Vancouver – rank among the most unaffordable housing markets in the world

By Nadine Yousif

BBC News, Toronto

A two-year ban on some foreigners buying homes in Canada has come into effect.

The ban aims to help ease one of the most unaffordable housing markets in the world.

As of this summer, the average home price in Canada is C$777,200 ($568,000; £473,700) – more than 11 times the median household income after taxes.

Some have been critical of the ban, saying it is unclear what impact it will have on Canada’s housing market.

Non-Canadian residents make up less than 6% of homeowners in Ontario and British Columbia, where national statistics indicate home prices are the highest.

As of 1 January, the ban prohibits people who are not Canadian citizens or permanent residents from buying residential properties, and imposes a C$10,000 fine on those who breach it.

In late December – 11 days before the ban came into effect – the Canadian government announced some exemptions to the regulation, including for international students who have been in the country for at least five years, refugee claimants and people with temporary work permits.

In a statement, federal housing minister Ahmed Hussen said the ban is meant to discourage buyers from looking at homes as commodities instead of a place to live and grow a family.

“Through this legislation, we’re taking action to ensure that housing is owned by Canadians, for the benefit of everyone who lives in this country,” Mr Hussen said.

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Why it takes 30 years to buy a house in Canada

While housing prices in Canada dipped slightly in 2022, they remain much higher than a decade ago.

Housing prices were up 48% last year compared to 2013, when the average price of a home was C$522,951.

Meanwhile, the average household income for Canadians has struggled to keep pace to rising home prices. The latest data indicates the median after-tax household income grew 9.8% from 2015 to 2020.

These numbers set Canada’s housing market up as one of the most unaffordable in the world, ranking the country higher than New Zealand, the US and the UK, according to a Statista analysis of house-price-to-income ratios.

The average home price in two of Canada’s largest cities – Toronto and Vancouver – has topped the C$1m mark, often putting them at the list of top 10 most unaffordable cities in the world.

New Zealand passed a similar legislation banning foreign homebuyers in 2018 as the country grappled with its own housing affordability crisis.

However, inflation-adjusted home prices have continued to rise since the ban came into effect.

Other countries have enacted different measures to curb foreign homeownership, including by implementing designated restricted zones where non-residents are barred from purchasing homes, or bringing in specific fees on foreign buyers.

Southwest Airlines schedule stabilizes after holiday meltdown but costs are still piling up

January 3, 2023 Published by Leslie Josephs

US Top News and Analysis

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Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado.

Michael Ciaglo | Getty Images

Southwest Airlines stabilized its schedule over the weekend after about 16,000 cancellations, but its systemwide holiday meltdown could cost it hundreds of millions of dollars.

Southwest had canceled 304 flights since Friday, 2% of its schedule, most of them on Monday when U.S. airlines faced bad weather and ground stops in Florida tied to a Federal Aviation Administration equipment outage. For comparison, from Dec. 21 through Dec. 29 Southwest had scrubbed about 45% of its operation, a far bigger share than other major airlines, according to FlightAware.

Now come two more difficult tasks for Southwest: going through thousands of passenger reimbursement receipts and improving the internal technology that contributed to the meltdown.

“We have plans to invest in tools and technology and processes, but there will be immediate work to understand what lessons are learned here and how we keep this from ever happening again, because it cannot happen again,” Southwest CEO Bob Jordan, who took the helm in February, told staff on Friday.

Bad weather kicked off the issues, impacting flights throughout the U.S. But Southwest crews struggled to get reassigned automatically after all of the changes and were forced to wait on hold for hours with crew scheduling services. Hundreds of thousands of passengers were impacted, and Southwest is still working through a backlog of misplaced luggage.

The carrier had canceled about two-thirds of its flights for much of the last week in an attempt to get crews and planes where they needed to go, before operating close to normally on Friday.

The chaos could cost Southwest between $600 million and $700 million, according to estimates from Bank of America airline stock analyst Andrew Didora on Tuesday. That includes both lost revenue from refunds and the reimbursements to affected passengers, which could include expenses like hotels and rental cars.

Didora cut his fourth-quarter adjusted earnings forecast for Southwest to 37 cents a share from 85 cents.

Transportation Secretary Pete Buttigieg vowed to hold Southwest accountable if it didn’t provide Southwest customers with refunds and reimbursements, though such fines associated with a failure to pay back customers can take months if not years.

Southwest shares were down more than 3% on Tuesday, while rivals were little changed. The Dallas-based airline is scheduled to report results on Jan. 26 but is likely to preview the meltdown’s costs before then.

Here are Tuesday’s biggest analyst calls: Tesla, Apple, Wynn, Amazon, Wendy’s, Delta & more

January 3, 2023 Published by Michael Bloom

US Top News and Analysis

Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it’s standing by its overweight rating on Apple and noted it sees an app store “growth inflection.” “App Store net revenue growth inflected to +1% Y/Y in the month of December, a continued improvement after 5 consecutive months of Y/Y declines.” Barclays downgrades Capital One and Ally to equal weight from overweight Barclays said in its downgrade of Capital One and Ally that it’s concerned about inflation and rising interest rates. “As such, we are becoming less constructive on those with outsized asset sensitivity and areas we believe loan losses will adjust the fastest – namely, lower-end consumer (most impacted by much reduced stimulus, elevated inflation, and higher interest rates) and commercial real estate (uncertainties in office, retail, health care segments). We are lowering our relative ratings on ALLY, COF and MTB from Overweight to Equal Weight and ZION from Equal Weight to Underweight.” Goldman Sachs reiterates Tesla as buy Goldman said Tesla’s delivery numbers reported over the weekend were an “incremental negative” but that it’s standing by its buy rating. “We consider the 4Q22 delivery report to be an incremental negative, although we continue to see Tesla as well positioned for long-term growth given its position as a cost and full solution leader in clean mobility/EVs and we maintain our Buy rating on the stock.” RBC downgrades Traeger to sector perform from outperform RBC said in its downgrade of the grilling company that it sees a delayed recovery. “We continue to believe in Traeger’s long term opportunity within the broader outdoor cooking space and believe the brand is well positioned to leverage its technology, innovation, and strong engagement to continue growing household penetration in the long term.” Truist upgrades PayPal to buy from hold Truist said in its upgrade of PayPal that estimates now look reasonable. “We upgrade to Buy, from Hold, and raise our PT to $95 (15.6x C24E EPS), fr $75. Our more bullish view reflects: 1) confidence that Street rev ests are now reasonable.” Baird upgrades Block to outperform from neutral Baird said in its upgrade of the stock that it’s poised for a comeback. ” SQ is a premier large-cap growth franchise with both profitability and net cash, while benefiting from macro trends such as rising rates (on big cash/subscriber funds) and inflation.” Read more about this call here. Baird names Yum and Chipotle top 2023 picks Baird said it likes restaurant stocks that can work in a time of weakening demand. “Top picks for 2023 include YUM and CMG; we also like the risk/reward equations on WING, MCD, DPZ, PTLO.. … We generally are favoring shares of franchisors (i.e., the most durable earnings and cash flow models; includes YUM , WING, MCD, DPZ), as well as those that have idiosyncratic drivers and/or brand profiles that can support positive business momentum even in a scenario in which industry demand weakens.” Loop names Amazon a top 2023 idea Loop said Amazon is “well positioned to outperform” in 2023. “The COVID demand surge has left the company’s fulfillment network significantly overbuilt. Poor utilization combined with inflationary pressures have torpedoed profitability in AMZN’s first party and fulfillment services businesses.” Piper Sandler upgrades Coty to overweight from equal weight Piper said in its upgrade of the beauty company that it sees “recovery tailwinds” for shares of Coty. “We believe increasing exposure to China and Travel Retail will allow for recovery tailwinds.” Read more about this call here. Evercore ISI downgrades CVS to in line from outperform Evercore downgraded the stock mainly on valuation. “We see valuation as relatively range bound in 2023 until we see greater certainty regarding ultimate portfolio composition of CVS as well as see a greater portion of the long-term double digit EPS growth coming from operating income.” Stephens names Wendy’s a top 2023 pick Stephens said it likes the fast food chain’s “efficient sales and unit growth.” “We believe Wendy’s low ticket, high frequency occasion profile and highly franchised ownership structure position the brand for efficient sales and unit growth.” Bank of America reiterates Starbucks a buy Bank of America said the buying opportunity for Starbucks shares if very attractive. “SBUX’s transitory China challenges and US margin pressure create a particularly attractive buying opportunity, in our view. Vs. the S & P, SBUX’s valuation is above its 5-year avg but in-line with its avg over 10-years, more relevant given the return to the higher growth algo of the earlier part of that period.” Bank of America reiterates Citi as buy Bank of America said Citi shares have an “interesting” risk/reward. “While the near-term EPS outlook remains uncertain due to the macro backdrop and ongoing business exits (mgmt.’s 2023 guidance should help on this front), we believe that the combination of potential idiosyncratic catalysts and a discounted valuation creates an interesting risk/reward for investors looking to add exposure to a restructuring story.” Bank of America downgrades XPO to neutral from buy Bank of America said in its downgrade of the shipping company that it’s concerned about decelerating demand. “We lower XPO to Neutral from Buy, and our PO to $35 from $60 (pre RXO split), following the spin of RXO, its truck brokerage segment, as well as a deteriorating LTL (less than truckload) environment (60% of revenues) and its inability to sell its European Truck ops.” Wells Fargo upgrades Wynn to overweight from equal weight Wells said in its upgrade of the casino company that it sees a significant reopening opportunity for the stock. ” WYNN’s smaller scale and premium mass offering should allow for a speedy recovery.” Read more about this call here. Jefferies names Delta a top 2023 pick Jefferies said the airline is its favorite idea for 2023 and that the setup for airlines is positive. “We are modestly positive on Airlines heading into 2023, as the revenue setup will continue to offset cost pressures.” Wells Fargo initiates Mondelez as overweight Wells said the food products company has “superior” fundamentals. “We think MDLZ can hit its growth algorithm, even once pricing tailwinds ease.” RBC downgrades Gilead to sector weight from overweight RBC said in its downgrade of the stock that the thesis will take time to “play out.” ” GILD’s mgmt has done an admirable job de-risking the medium term HIV revenue stream, revitalizing the cell therapy franchise, and laying solid groundwork for LT diversification into new areas of oncology.” KBW names KKR a top 2023 pick KBW named KKR a top idea in 2023 and says the private equity investment company has “fundamental strength.” “Our preference is for companies with unique fundamental strengths at undemanding valuations.” Wolfe downgrades T-Mobile to peer perform from outperform Wolfe said it’s concerned about slowing industry growth. “While T-Mobile remains a great story, we are concerned about slowing industry subscriber growth, fading Sprint churn benefits, long-term capital needs for home Internet, a “fair but full” consensus, and downside risk in the multiple.” Wells Fargo downgrades Molson Coors to underweight from equal weight Wells said in its downgrade of the stock that it sees downside to estimates. “We downgrade TAP to Underweight from Equal Weight as we see significant downside to Street estimates in 2023, and potential valuation reverts to the low-end of historical ranges.” Guggenheim names Dollar General a top idea Guggenheim said the company is well positioned for a downturn. “We are designating DG as our new Best Idea, replacing PFGC, on the belief that a leading value-oriented and exceptionally well-run consumables retailer will outperform in the initial stages of an economic downturn.” Baird names Wells Fargo a top 2023 pick Baird said it likes the risk/reward for the banking giant in 2023. “We generally prefer more inexpensive names where expectations are the lowest and believe the most negativity and hence opportunity exists in the consumer finance space (COF and AXP), and believe CMA, FITB, and WFC represent the better bank risk/reward trade-offs at current prices.” Correction: Wells Fargo’s underweight call on Molson Coors has been updated. An earlier version misstated the change.

Santos arrives at Hill office amid scandals

January 3, 2023 Published by

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Santos arrives at Hill office amid scandals

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Russian outrage grows after strike kills dozens of troops in Ukraine

January 3, 2023 Published by

Latest & Breaking News on Fox News

A growing number of Russians have begun lashing out at the country’s military leadership after dozens of Russian soldiers were killed in a strike against their position by Ukrainian forces.

“The Russian people are justifiably angry at the commanders and Moscow leaders as their young men and boys are dying by the thousands in this war,” Rebekah Koffler, a former DIA intelligence officer and the author of “Putin’s Playbook: Russia’s Secret Plan to Defeat America,” told Fox News Digital.

Koffler’s comments come as Russian nationalists and even some lawmakers have demanded punishment for military commanders, according to a Reuters report Tuesday, accusing military leaders of ignoring the dangers of hosting troops near a storage facility that was an obvious target for a Ukrainian strike.

RUSSIA ADMITS HEAVY CASUALTIES IN UKRAINIAN STRIKE ON OCCUPIED DONETSK REGION; 63 RUSSIAN SOLDIERS KILLED

The outrage began after a rare Russian Defense Ministry disclosure admitted that 63 Russian soldiers were killed in a New Year’s Eve attack on a temporary barracks in the Russian-occupied regional capital of Donetsk, one of the deadliest attacks on Russian troops since the war began over 10 months ago.

Gatherings to honor dead troops popped up in multiple cities across the country in response to the attack, with mourners in the city of Samara placing flowers in the city center.

“I haven’t slept for three days, Samara hasn’t slept. We are constantly in touch with the wives of our guys. It’s very hard and scary. But we can’t be broken. Grief unites … We will not forgive, and, definitely, victory will be ours,” Yekaterina Kolotovkina, a representative of a women’s council at an army unit, told mourners at one of the gatherings, according to Reuters.

‘FROZEN CONFLICT’: A LOOK BACK AT 2022’S KEY MOMENTS IN UKRAINE’S FIGHT WITH RUSSIA

Koffler believes the setback is unlikely to dissuade Russia from continuing to put troops at risk, arguing that the country’s culture prioritizes the collective over individual soldiers.

“The fact that large numbers of personnel were housed close-by to the storage of military hardware, making this location an ideal target for Ukrainian strikes is not exactly due to incompetence of the Russian military leadership,” Koffler said. “It’s due to negligence. They simply don’t care.”

“The Russian culture prioritizes sacrifice for mother Russia rather than the sanctity of life. Lives of individual soldiers don’t matter on the big scheme of things – that is the mentality,” she continued. “Putin and his regime will continue to throw young soldiers in the meat grinder to achieve the Kremlin’s strategic goal – keep Ukraine out of NATO.”

Tesla shares tumble more than 10% following deliveries report

January 3, 2023 Published by Ashley Capoot

US Top News and Analysis

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Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022.

Mike Blake | Reuters

Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022.

Deliveries are the closest approximation of sales disclosed by Tesla. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. These numbers represented a record for the Elon Musk-led automaker and growth of 40% in deliveries year over year, but they fell shy of analysts’ expectations.

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Some analysts see a buying opportunity in Tesla for 2023 despite persistent demand pressures

Sarah Min

5 hours ago

According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000.

Those more recent estimates were in line with a company-compiled consensus distributed by Tesla investor relations Vice President Martin Viecha.

Some Wall Street analysts think Tesla’s deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023.

Baird analyst Ben Kallo, who recently named Tesla a top pick for 2023, maintained an outperform rating and said he would remain a buyer of the stock ahead of the company’s earnings report, which is scheduled for Jan. 25.

“Q4 deliveries missed consensus but beat our estimates,” he said in a Tuesday note. “Importantly, production increased ~20% q/q which we expect to continue into 2023 as gigafactories in Berlin and Austin continue to ramp.”

Analysts at Goldman Sachs said they consider the delivery report to be an “incremental negative,” and view Tesla as a company that is “well positioned for long-term growth.” Goldman reiterated its buy rating on the stock in a Monday note and said that making vehicles more affordable in a challenging macroeconomic environment will be a “key driver of growth.”

“We believe key debates from here will be on whether vehicle deliveries can reaccelerate, margins and Tesla’s brand,” the analysts said.

Shares of Tesla suffered an extreme yearlong sell-off in 2022, prompting CEO Musk to tell employees in late December not to be “too bothered by stock market craziness.”

Musk has blamed Tesla’s declining share price in part on rising interest rates. But critics point to his rocky $44 billion Twitter takeover as a bigger culprit for the slide.

Morgan Stanley analysts said they think the company’s share price weakness is a “window of opportunity to buy.”

“Between a worsening macro backdrop, record high unaffordability, and increasing competition, there are hurdles for all auto companies to overcome in the year ahead,” they said in a note Tuesday. “However, within this backdrop we believe TSLA has the potential to widen its lead in the EV race, as it leverages its cost and scale advantages to further itself from the competition.”

— CNBC’s Lora Kolodny and Michael Bloom contributed to this report.

B-21 Raider’s secrets, 5 media stars who need a wake-up call and more Fox News Opinion

January 3, 2023 Published by

Latest & Breaking News on Fox News

TUCKER CARLSON – Despite the sense of ‘impending doom’ there are a lot of good things going on in the world… Watch here…

SET YOUR CLOCK RADIOS – 5 media stars who need a wake-up call in 2023… Continue reading…

NEXT ‘TOP GUN’ – America’s new B-21 Raider has 4 big secrets China wants to steal… Continue reading…

BIDEN’S BORDER CRISIS – Our immigration courts have a 2,023,441 case backlog and it’s more than we can handle… Continue reading…

NEWT GINGRICH, BOBBY JINDAL – Four paradoxes of health care reform: Conservatives can take moral and political high ground… Continue reading…

NOT GONNA HAPPEN? – Is Pete Buttigieg’s political future grounded forever after the Southwest holiday travel disaster?… Continue reading…

WATCH: JIMMY FAILLA — New York Times op-ed proclaims that ‘short people’ are better for the environment! What? It’s a new year but the same old junk… See the video

VIKING VALUES TO THE RESCUE – These Viking virtues can help defeat woke enemies of America … Continue reading…

SORRY, NOT SORRY – Liberal media meltdown over George Santos but won’t admit Biden is serial liar… Continue reading…

VIDEO OF THE DAY – Former Rep. Tulsi Gabbard, previously a Democrat, joins ‘Sunday Night in America with Trey Gowdy’ to discuss how Congress can regain public trust… Watch now…

NEW FOUNDING FATHER? – Will we name billionaire Elon Musk a new Founding Father?… Continue reading…

AMERICAN’S LIFESPANS SHRINKING – Life is getting shorter in America, and the CDC is to blame… Continue reading…

WATCH: CLAY TRAVIS – OutKick founder Clay Travis says Hamlin’s collapse showcased the ‘serious things in the world of sports’… See video…

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CARTOON OF THE DAY – Sending Prayers Check out all of our political cartoons…

Jennifer Lopez ends 2022 by sharing pictures from wedding with Ben Affleck

January 3, 2023 Published by

Latest & Breaking News on Fox News

Actress and singer Jennifer Lopez shared never-before-seen photos on social media of her wedding with fellow celebrity Ben Affleck as she reflected on her favorite moments of 2022.

On New Year’s Day, Lopez shared a video compilation with clips and photos of “one of the best years yet” that showed her private wedding with Affleck in Las Vegas over the summer.

“[2022] was one of the best years yet!!! I cannot wait for all that’s to come next year …#HappyNewYear#ImJustGettingStarted#WaitingForTonight#ThisIsMeNow,” Lopez wrote in the caption.

The two stars officially married on July 16 in a private ceremony in Las Vegas before their second ceremony a month later with family and friends at a property in Georgia.

JENNIFER LOPEZ AND BEN AFFLECK SPEND CHRISTMAS TOGETHER WITH ‘BLENDED FAMILIES’

Lopez and Affleck reportedly started dating again in April 2021 after previously having a romance during the early 2000s. A year later, the couple officially announced they were engaged.

Her New Year video includes highlights of each month of 2022. For April, the 53-year-old star can be seen smiling with her green engagement ring as her May highlight shows her reviewing wedding illustrations.

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Moreover, the couple can also be seen celebrating a birthday for the “Marry me” star’s twin children, Emme and Max, whom Lopez shares with ex-husband Marc Anthony.

The year-round highlight also shows Lopez earning the 2022 MTV Movie & TV Awards in June and accepting the Icon Award at the iHeartRadio Music Awards in March.

Jim Cramer’s Investing Club meeting Tuesday: 2023 mantra, infrastructure stocks, Apple

January 3, 2023 Published by Krystal Hur

US Top News and Analysis

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stick with the Club’s mantra in 2023 Watch infrastructure stocks Wait to buy Apple 1. Stick with the Club’s mantra in 2023 Stocks edged down Tuesday, on the first trading day of 2023, amid ongoing investor concern over inflation and interest rates . The S & P 500 was down 0.74% in midmorning trading. We are ringing in the new year by sticking to our mantra: Buy shares of companies that make and do things at a profit, while returning value to shareholders. Unfortunately, the new year has not transformed tech stocks into great buys, nor has it alleviated macroeconomic challenges. 2. Watch infrastructure stocks We are bullish on infrastructure stocks going into this year, as we expect spending from the $1 trillion bipartisan infrastructure law to ramp up. Companies that build the nation’s transportation systems and utility networks stand to benefit from new government contracts. Emerson Electric (EMR) is a Club name that could see gains from infrastructure spending, and we’re keeping an eye out for other stocks that could see a boost. 3. Wait to buy Apple While we encourage investors to continue to own Apple ‘s (AAPL) stock, not trade it, we caution against buying any more shares here. The tech giant is expected to report fiscal first-quarter results later this month, but could pre-announce disappointing earnings before then amid supply constraints. Shares of the iPhone maker were down 3.71% Tuesday morning, at $125.12 apiece. “For people who haven’t bought it yet, no need to buy it now,” Jim Cramer said. (Jim Cramer’s Charitable Trust is long AAPL, EMR. See here for a full list of the stocks.) 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 trust’s 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.