economy
We're booking some big profits in one stock and buying more shares in another
We're taking most of the sale proceeds to further build up and lower our average cost basis in another stock.
TL;DR
- Jim Cramer's Charitable Trust is selling 20 shares of Goldman Sachs.
- The trust is buying 50 shares of Alphabet.
- The sale of Goldman Sachs shares is to manage portfolio weight, as it exceeded the 5% threshold.
- Proceeds from the Goldman Sachs sale will be used to increase the position in Alphabet.
- The long-term thesis on Alphabet's AI leadership remains unchanged, with potential new revenue streams highlighted.
- Goldman Sachs shares were purchased in December 2024 and have seen a roughly 55% gain.