We're locking in profits on a stock that has gone on a tear lately
The stock has trounced the S&P 500 over the past month.
TL;DR
- Jim Cramer's Charitable Trust is selling 60 shares of Capital One Financial.
- The sale aims to lock in significant gains after a 20% stock rally.
- The trust will continue to hold a large position in Capital One, remaining bullish for the next year.
- Positive outlook is based on anticipated cost and revenue synergies from the Discover acquisition.
- Risks include higher investment needs for the Discover deal and potential deterioration in consumer credit.