Summary : We’re selling 30 shares of Salesforce (CRM) at roughly $190.10 each, and 50 shares of Microsoft (MSFT) at roughly $283.07 each. Following Wednesday’s trades, Jim Cramer’s Charitable Trust will own 325 shares of CRM, decreasing its weighting to 2.07% from 2.26%, and 325 shares of MSFT, decreasing its weighting to 3.09% from 3.55%. We’ll realize a fantastic gain of about 242% on MSFT shares we purchased in December 2017. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
We’re selling 30 shares of Salesforce (CRM) at roughly $190.10 each, and 50 shares of Microsoft (MSFT) at roughly $283.07 each. Following Wednesday’s trades, Jim Cramer’s Charitable Trust will own 325 shares of CRM, decreasing its weighting to 2.07% from 2.26%, and 325 shares of MSFT, decreasing its weighting to 3.09% from 3.55%. We are capitalizing on the recent strength in the tech stocks by trimming our position in two Club holdings. These sales represent no change to our broader thesis. More broadly, we recognize that technology stocks have had quite a run lately and we want to trim a couple positions around the edges and build up a little extra cash in case we see some weakness in the coming weeks. We’re also downgrading our Microsoft rating to a 2 from a 1. Salesforce was already at a 2 rating, meaning we will wait to buy again on a pullback. The Salesforce trim will lock in a gain of about 44% on stock purchased in March 2020. We’ll realize a fantastic gain of about 242% on MSFT shares we purchased in December 2017. (Jim Cramer’s Charitable Trust is long CRM and MSFT. See here for a full list of the stocks.) Correction: This story has been updated to reflect the Club trimmed two of our tech 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.
