Sell 75 shares of Qnity Electronics stock for approximately $102. Following the transaction, the Jim Cramer Charitable Trust will own 975 shares of Kuniti stock, reducing its stake from approximately 2.7% to 2.5%. Following the parabolic movement in Qnity Electronics stock over the past few weeks, we are locking in the stock’s upside. Shares of the company, which supplies advanced materials to the semiconductor industry, may be down about 1% on Thursday, but are still up more than 4% for the week, 24% since the beginning of the year and 28% since a big purchase in November. The outlook for this DuPont spinoff remains bright as spending on AI continues to rise. The company provides critical integrated solutions across the semiconductor value chain, including chip manufacturing and advanced packaging. But we always say discipline trumps belief. And you don’t want to get greedy after making this great move at the beginning of the year. Therefore, we are reducing our position and lowering our rating to 2. The sale will give the stock a gain of approximately 9% from August 2023 onwards. (Jim Cramer Charitable Trust is Long Q. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
