We're buying the dip in a stock being punished for something it's actually insulated from

We waited and watched patiently.

We're buying the dip in a stock being punished for something it's actually insulated from

TL;DR

  • Jim Cramer's Charitable Trust is buying 40 shares of Bank of New York (BNY) at approximately $143 per share.
  • The trust aims to increase investment in non-AI stocks ahead of midterm elections.
  • BNY's revenue streams are approximately 70% fee-based, making it less susceptible to credit cycles, bond yield curve changes, or net interest income (NII).
  • The stock's recent decline, along with the financial sector, is seen as an opportunity due to BNY's insulation from issues affecting peers.
  • The purchase is made before BNY's earnings report next Thursday, with the intention of lowering the overall cost basis.

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