We’re trimming our position in a stock that is off to a strong new year
We are selling 45 shares of BlackRock at roughly $1,129.80. Following the trade, Jim Cramer’s Charitable Trust will own 65 shares of BLK, decreasing its weighting to about 1.90% from about 3.10%. BlackRock is off to a great start to the new year. After a mostly disappointing 2025 in which shares gained about 6%, the stock of the world’s largest money manager is up about 5% over the past two sessions. We’re capitalizing on that strength by lightening up this position, which struggled to maintain momentum in the fourth quarter last year. Additionally, this sale will rebuild our cash position to more than 7% of the portfolio. Over the past two weeks, we’ve bought some Nike and Procter & Gamble , and added Alphabet back into the portfolio. This BlackRock sale will offset those recent purchases and give us flexibility to buy more Alphabet on weakness. From this sale, we will realize a gain of about 9% on stock purchased in late 2024 and January 2025. (Jim Cramer’s Charitable Trust is long BLK, NKE, PG and GOOGL. 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.
<
