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LivestreamMenuWe are selling 90 shares of Dover at roughly $204. We will also buy 60 shares of Johnson & Johnson at roughly $253. Following the trades, Jim Cramer’s Charitable Trust will own 195 shares of DOV, decreasing its weighting in the portfolio to 1% from about 1.5%. It will also own 400 shares of JNJ, increasing its weighting in the portfolio to about 2.55% from 2.15%. We’re making a couple of moves in the portfolio to start the week. We’re letting go of some Dover shares, consistent with our messaging after a mixed quarter a couple of weeks ago. The company ran into an issue ramping up production for its CO2 refrigeration business while consolidating its manufacturing footprint. It’s a fixable issue, which is why we didn’t want to sell the stock into the initial sell-off on July 23, when shares finished down around $198. Dover has bounced a little since the pullback, and we’re selling to wind down the position. From this sale, we will realize an average gain of about 10% on stock purchased in late 2024. We’ll use the proceeds to pick up shares of Johnson & Johnson into its recent weakness. Shares of the pharmaceutical giant have pulled back from the high $260s in early July to around $252 on Monday as the rotation into healthcare cooled off. Also, there may have been some pressure Thursday after the company trimmed its full-year outlook to reflect two acquisitions. As we explained in the Homestretch that day, this wasn’t a real cut. Rather, it was an accounting adjustment that every healthcare company has to make when completing an acquisition. Beyond these two trades, we are looking to pick up more Intel shares when we are not restricted from trading it. We’re also eying Corning following our upgrade to a buy-equivalent 1 last Thursday. (Jim Cramer’s Charitable Trust is long DOV, JNJ, INTC and GLW. 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 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.Read More
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