We’re selling 95 shares of GE Healthcare at roughly $74. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. The small trim we’re making in GE Healthcare with the top off barely in an otherwise rough tape doesn’t change our belief on this medical equipment maker as a long-term play. The rollout of Alzheimer’s treatments and the combination of artificial intelligence into its products will result in stronger pricing and better margins. Nevertheless, China has us anxious straight away. Outside of China, the story is powerful. At their JPMorgan Healthcare Conference presentation earlier this month, management offered an upbeat view of the hospital capital expenditure environment in 2024 versus 2023. If hospitals have more of a wherewithal to take a position in medical equipment, a few of that may go to GE Healthcare. Nevertheless, Philips , a GE Healthcare competitor, reported earnings earlier this week and said its order book fell 3% within the fourth quarter, mostly as a consequence of weakness in — you guessed it — China. To be fair, GE Healthcare’s outperformance in China, where orders were up year-over-year, was a reason why the stock jumped after its third-quarter earnings report back in October. GEHC 1Y mountain GE Healthcare 1 yr Fast forward to the JPMorgan conference, GEHC said it has not seen a meaningful deterioration in its China operations, yet. The corporate is about to report its quarter next week. Moreover, it has been outperforming its competition on orders for several quarters now. Philips orders have been down for six quarters in a row, but GE Healthcare hasn’t seen that weakness yet. So why trim GEHC now? Heading into Tuesday’s print, we wish to open some room in our position. We wish to be ready just in case the stock gets dinged on a cautious guide as a consequence of China, or because management wants to start out the yr with a conservative view that they will beat through all year long. Reflecting our small sale, we’re moving our rating to a 2 on GEHC. We have battled this name and added to our position several times after the stock broke below $70. With Wednesday’s sale, we’ll realize a small lack of about 7% on GEHC stock purchased last May. (Jim Cramer’s Charitable Trust is long GEHC. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll 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 a few 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.