We are selling 30 shares of Caterpillar (CAT) at roughly $247.72.
Following the trade, Jim Cramer's Charitable Trust will own 340 shares of CAT, decreasing its weighting in the portfolio to 3% from 3.27%.
Industrials are the top-performing sector in the market Monday, and we are jumping on that strength to let go of a little bit of Caterpillar (CAT) shares after a great run.
Monday's sale is what we call "trimming around a core position."
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons:
Jim Cramer's, Jim Cramer, Jim
Organizations:
Caterpillar, CAT, CNBC, Fortescue Metals Group, Western Australia Bloomberg, Bloomberg, Getty
Locations:
Pilbara, Western Australia