Shortly after the opening bell, we will be buying 100 shares of Abbott Laboratories at roughly $108.26. Following the trade, Jim Cramer 's Charitable Trust will own 800 shares of ABT, increasing its weighting to roughly 2.8% from 2.45%. Abbott Laboratories on Wednesday reported better-than-expected first-quarter earnings, but its stock is trading lower in the premarket, opening the door for us to add to our position for the third time in recent weeks.
This second line is what's most important to us. The best way to look at the company is by analyzing its underlying business because it does not include Covid-related sales. Abbott is not going to get any credit in the market for Covid testing-related guidance raises, but it should if the underlying business is performing better than expected. The fact Abbott raised its full-year outlook at the low end is a good sign of what is in store this year.
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