economy
March 3, 2026
We're exiting a financial already on its way out and adding again to our newest stock
These moves are helping us reposition the portfolio with a more defensive tilt, while preserving our sizable cash position.
TL;DR
- Exiting BlackRock position, selling 35 shares at approximately $1,050 each.
- Buying 90 shares of Cardinal Health at approximately $224 each, increasing its share count to 260 and portfolio weighting to 1.5%.
- These trades result in a neutral impact on the cash position and a portfolio weighting slightly over 15%.
- BlackRock is being sold due to pressure on the private markets industry, with Blackstone's recent share redemption serving as a key indicator.
- Despite BlackRock's private markets business not being the primary fee driver, recent industry weakness could hinder broader adoption.
- An average gain of about 7% is expected from the BlackRock position.
- Cardinal Health is chosen for its defensive qualities, economic resilience, and revenue generation primarily within the United States.
- The company is expected to benefit from the aging U.S. population and potential inflation spikes driven by rising energy prices.
- The CNBC Investing Club with Jim Cramer provides trade alerts before trades are executed, with specific waiting periods after alerts or public discussion.
Continue reading the original article