Jim Cramer Increases Alphabet Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Source: CNBC
- Increased Alphabet Holdings: Jim Cramer's Charitable Trust will purchase 55 shares of Alphabet at approximately $298, raising total holdings to 255 shares and increasing Alphabet's portfolio weighting from 1.56% to about 2%, reflecting confidence in the stock.
- Market Volatility Impact: The escalating war in Iran has led to surging oil prices and rising U.S. Treasury yields, with stock futures indicating a sharply lower open on Tuesday, as global equities face a sell-off, exemplified by South Korea's Kospi suffering its worst day in 19 months, highlighting market sensitivity to geopolitical risks.
- Cash Position Adjustment: When the market was expected to open lower on Monday, Cramer utilized a large 15% cash position to initiate a new stake in Cardinal Health, a healthcare defensive growth stock that generates nearly all its revenue domestically, indicating limited sensitivity to overseas turmoil.
- AI-Driven Revenue Growth: Alphabet's Google Search revenue is benefiting from artificial intelligence, with increased engagement from AI-powered queries, while Google Cloud's backlog grew 55% year-over-year to $240 billion, indicating Alphabet's clearer path to monetizing its capital expenditures compared to its hyperscaler peers.
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Analyst Views on MCK
Wall Street analysts forecast MCK stock price to rise
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 928.690
Low
880.00
Averages
942.83
High
1000.00
Current: 928.690
Low
880.00
Averages
942.83
High
1000.00
About MCK
McKesson Corporation is a diversified healthcare services company, which focuses on advancing health outcomes for patients everywhere. Its U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products in the United States (U.S.). The Prescription Technology Solutions (RxTS) segment helps solve medication access, affordability and adherence challenges for patients by working across healthcare to connect patients, pharmacies, pharmacy benefit managers, health plans, and biopharma companies. The Medical-Surgical Solutions provides medical-surgical supply distribution, logistics, and other services to healthcare providers, including physician offices, hospital reference labs, and home healthcare agencies. The International segment provides distribution and services to wholesale, institutional, and retail customers in Canada and Norway. It also offers oncology and specialty solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Mixed Economic Data: Although the ADP report indicated a rise of 63,000 private sector jobs in February, surpassing expectations, the subsequent nonfarm payroll report revealed an increase in the unemployment rate to 4.4%, highlighting emerging job losses due to AI and creating uncertainty about the economic outlook.
- Earnings Impact: Broadcom exceeded earnings expectations, resulting in a 3.4% stock increase, while Corning's shares fell nearly 7% following comments from Broadcom's CEO that dampened optimism about fiber-optic technology, reflecting market volatility in tech sectors.
- Investment Strategy Adjustments: Amid market fluctuations, the investment club increased its position in Cardinal Health and exited BlackRock entirely due to rising private credit concerns, demonstrating a proactive approach to navigating the current market landscape.
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- Investor Relations Information: The company will provide live webcast links for each event on its Investor Relations website, ensuring that investors can access timely information related to business developments and financial performance.
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- Surging Oil Prices: WTI crude oil prices soared over 8% to a 19.5-month high, exacerbating inflation fears and pushing bond yields higher, with the 10-year T-note yield rising to 4.15%, marking a three-week high.
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See More
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- Positive Economic Data: Despite market pressures, initial jobless claims remained steady at 213,000, below the expected 215,000, indicating a resilient labor market, while Q4 nonfarm productivity rose by 2.8%, surpassing expectations of 1.9%, providing some support to the market.
- Optimistic Earnings Outlook: With over 90% of S&P 500 companies reporting, 73% exceeded expectations, and Q4 earnings growth is projected at 8.4%, reflecting strong corporate profitability that may support a market rebound in the future.
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- Economic Data Supports Stocks: Despite market pressures, initial jobless claims in the US remained unchanged at 213,000, slightly better than the expected 215,000, indicating a stronger labor market, while Q4 nonfarm productivity rose by 2.8%, surpassing expectations of 1.9%, providing some support to the market.
- Strong Corporate Earnings: With over 90% of S&P 500 companies reporting, 73% exceeded earnings expectations, and S&P earnings growth is projected to reach 8.4% for Q4, marking the tenth consecutive quarter of year-over-year growth, which bolsters market sentiment.
- Geopolitical Tensions Affect Oil Supply: The closure of the Strait of Hormuz due to Iranian threats has tightened global oil and gas supplies, impacting production in Saudi Arabia and Iraq, which is expected to further elevate global fuel prices amidst rising geopolitical tensions.
See More
Stocks Decline Amid Middle East Conflict and Mixed Economic Data
- Escalating Middle East Conflict: The U.S. and Israel's bombing of Iran has pressured global stocks, with the S&P 500 dropping 2% last week, while oil prices surged to $90 per barrel, marking a 35% weekly gain, the largest since 1983, indicating potential economic repercussions.
- Mixed Economic Data: Although the ADP report indicated a rise of 63,000 private sector jobs in February, surpassing expectations, the subsequent nonfarm payroll report revealed an increase in the unemployment rate to 4.4%, highlighting emerging job losses due to AI and creating uncertainty about the economic outlook.
- Earnings Impact: Broadcom exceeded earnings expectations, resulting in a 3.4% stock increase, while Corning's shares fell nearly 7% following comments from Broadcom's CEO that dampened optimism about fiber-optic technology, reflecting market volatility in tech sectors.
- Investment Strategy Adjustments: Amid market fluctuations, the investment club increased its position in Cardinal Health and exited BlackRock entirely due to rising private credit concerns, demonstrating a proactive approach to navigating the current market landscape.
See More
Three Dividend Growth Stocks Steadily Increasing Their Payouts
Market Volatility and Investment Strategy: With increasing market volatility, investors are considering a shift towards more defensive investment strategies, particularly focusing on dividend stocks that have a history of stable increases.
Broadcom's Performance: Broadcom Inc. is highlighted as a strong player in the AI and semiconductor sectors, with significant revenue growth and a consistent history of dividend increases, making it an attractive option for investors.
McKesson's Resilience: McKesson Corporation is noted for its stable dividend payments and growth potential, despite short-term challenges, supported by its diversified business model in healthcare.
Amphenol's Dividend Growth: Amphenol Corporation has demonstrated a strong track record of dividend increases, positioning itself as a reliable investment option, with expectations for continued earnings growth in the coming year.
See More
McKesson Corporation to Release Q4 FY2026 Financial Results
- Earnings Release Schedule: McKesson Corporation will release its fourth quarter fiscal 2026 financial results after market close on May 7, 2026, with CEO Brian Tyler and CFO Britt Vitalone hosting a live webcast at 4:30 PM Eastern Time to discuss the results with investors.
- Conference Participation: CFO Britt Vitalone is scheduled to participate in the Leerink Partners Global Healthcare Conference and Barclays Global Healthcare Conference on March 11, 2026, and will also attend the BofA Securities 2026 Healthcare Conference in May 2026, highlighting the company's ongoing engagement in the healthcare sector.
- Outlook Reaffirmation: McKesson has reaffirmed its full-year outlook for fiscal 2026, consistent with the guidance issued on February 4, 2026, demonstrating the company's confidence in its future performance.
- Investor Relations Information: The company will provide live webcast links for each event on its Investor Relations website, ensuring that investors can access timely information related to business developments and financial performance.
See More
US Stocks Decline Amid Soaring Oil Prices
- Market Decline: On Thursday, the S&P 500 Index fell by 0.56%, the Dow Jones Industrial Average dropped by 1.61%, and the Nasdaq 100 Index decreased by 0.29%, reflecting heightened market concerns over inflation amid disruptions in energy markets due to the ongoing war in Iran.
- Surging Oil Prices: WTI crude oil prices soared over 8% to a 19.5-month high, exacerbating inflation fears and pushing bond yields higher, with the 10-year T-note yield rising to 4.15%, marking a three-week high.
- Supportive Economic Data: Despite the pressure on stocks, initial jobless claims in the US were lower than expected, indicating a resilient labor market, while Q4 nonfarm productivity rose by 2.8%, surpassing the expected 1.9%, providing some support to the market.
- Optimistic Earnings Outlook: With over 90% of S&P 500 companies reporting earnings, 73% exceeded expectations, and Q4 earnings growth is projected at 8.4%, highlighting that corporate profitability remains a crucial factor supporting the stock market.
See More
US Stocks Under Pressure Amid Rising Oil Prices
- Oil Price Surge Pressures Markets: The S&P 500 index fell by 0.67% as WTI crude prices surged over 6% to a 13.5-month high due to disruptions from the Iran war, exacerbating inflation concerns and weighing on stock performance.
- Positive Economic Data: Despite market pressures, initial jobless claims remained steady at 213,000, below the expected 215,000, indicating a resilient labor market, while Q4 nonfarm productivity rose by 2.8%, surpassing expectations of 1.9%, providing some support to the market.
- Optimistic Earnings Outlook: With over 90% of S&P 500 companies reporting, 73% exceeded expectations, and Q4 earnings growth is projected at 8.4%, reflecting strong corporate profitability that may support a market rebound in the future.
- Escalating Geopolitical Risks: Iran has pledged to escalate retaliation, and the closure of the Strait of Hormuz has tightened global oil supplies, pushing prices higher and leading to more cautious economic growth expectations in the market.
See More
US Stocks Under Pressure Amid Rising Oil Prices
- Oil Price Surge Pressures Markets: The S&P 500 Index is down 0.26% as WTI crude oil prices rise over 4% to an 8.5-month high due to disruptions from the Iran conflict, exacerbating inflation concerns and pressuring stock indices, particularly the Dow Jones which fell 0.80%.
- Economic Data Supports Stocks: Despite market pressures, initial jobless claims in the US remained unchanged at 213,000, slightly better than the expected 215,000, indicating a stronger labor market, while Q4 nonfarm productivity rose by 2.8%, surpassing expectations of 1.9%, providing some support to the market.
- Strong Corporate Earnings: With over 90% of S&P 500 companies reporting, 73% exceeded earnings expectations, and S&P earnings growth is projected to reach 8.4% for Q4, marking the tenth consecutive quarter of year-over-year growth, which bolsters market sentiment.
- Geopolitical Tensions Affect Oil Supply: The closure of the Strait of Hormuz due to Iranian threats has tightened global oil and gas supplies, impacting production in Saudi Arabia and Iraq, which is expected to further elevate global fuel prices amidst rising geopolitical tensions.
See More
