economy
February 10, 2026
We're taking solid profits in one big tech stock and buying more of another
We're taking proceeds from the sale to buy small in a megacap tech stock that has seen some recent weakness.

TL;DR
- The Charitable Trust sold 100 shares of Cisco Systems at about $87 per share.
- The Trust bought 30 shares of Alphabet at approximately $318 per share.
- Cisco shares have gained about 18% since mid-November, exceeding the S&P 500.
- The sale of Cisco aims to take profits at a premium valuation, with concerns around earnings, memory prices, and the security business.
- The proceeds are being used to invest in Alphabet due to its recent weakness, despite strong revenue growth in Search and Cloud.
- Alphabet's increased capital expenditures and debt financing are causing market hesitation, but the Trust sees positive signs in its investments.
- The Trust will realize approximately a 28% gain on Cisco shares purchased in July 2025.
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