6/2/2023 0 Comments Cleanspark balance sheet![]() (Nasdaq: CLSK) (the “Company”), a sustainable bitcoin mining and energy technology company today reported financial results for its fourth quarter and 2021 fiscal year. 14, 2021 (GLOBE NEWSWIRE) - CleanSpark, Inc. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.LAS VEGAS, Dec. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. ![]() If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. ![]() 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 Cramer's Charitable Trust is long AAPL, GOOGL, META, MSFT and AMZN. MSFT 5D mountain Microsoft (MSFT) five-day performance. But in moments of uncertainty like this past week, they also have the kind of balance sheets that investors covet. Bottom line The Club's mega-cap technology holdings have compelling reasons to own them for the long term. In times of economic upheaval, cash-rich companies can maintain investments in new products, technologies and innovations, while more debt-saddled firms might struggle to keep up. In addition to allowing companies to keep the lights on, it also enables them to invest in their businesses without needing to sell stock or raise debt. The benefits of a sturdy balance sheet are manifold, especially when it comes to the cash piles Big Tech companies have accumulated. A strong balance sheet essentially indicates a company has an impressive mix of assets - including cash on hand - and liabilities. Rock-solid balance sheets matter to investors because sound financial positioning allows companies to withstand whatever economic situation may be on the horizon. Investors targeting Big Tech firms, though, may find comfort in those stocks due to their financial health. GOOGL 5D mountain Alphabet (GOOGL) five-day performance. Classic defensive sectors in equity markets, such as utilities and consumer staples, have also been standouts because investors expect those companies' top-line revenues to hold up relatively well in a slower economy. But in general, with a lack of clear direction on the state of the economy and the banking sector, investors have looked to park their cash in safe assets like U.S. Meta on Tuesday announced it's laying off an additional 10,000 employees, sending a message to investors the social media giant is serious about its "year of efficiency." The stock, which has soared 66% year-to-date, closed up 7.3% that day. In some cases, company-specific headlines contributed to this strong performance. META 5D mountain Meta Platforms (META) five-day performance. Indeed, the top-four performing Club stocks week-to-date were Meta, Amazon, Alphabet and Microsoft. financial system, and those five mega-cap tech stocks have been positive in every trading session - including so far on Thursday. Zoom out on this week, which has been colored by questions about the health of the U.S. Amazon added 1.4%, while Apple ticked higher by 1.3%. Alphabet was the group's biggest gainer Wednesday, climbing 2.3%, followed by Meta and Microsoft, which rose 1.9% and 1.8%, respectively. Amid Wall Street's flight to safety during Wednesday's volatile session, all five companies solidly outperformed the S & P 500, which lost 0.7%. The Club's Big Tech holdings - Google parent Alphabet (GOOGL), Meta Platforms (META), Apple (AAPL), Microsoft (MSFT) and Amazon (AMZN) - check that box. ![]() And in these moments of economic uncertainty and market volatility, investors should look to buy up the stocks of companies with the highest-quality balance sheets. Personal Loans for 670 Credit Score or Lowerįinancial markets have been roiled over the past week by the collapse of Silicon Valley Bank, triggering renewed worries a U.S. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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