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Jim Cramer makes dozens of buy and sell calls on TV every week; however, he acts differently in his charitable trust. First of all, he focuses on well-established stocks in his charitable trust, whereas he talks about smaller stocks on his Mad Money TV show. We think actions speak louder than words, and investors should really focus on what Cramer does in his charitable trust. We compiled the list of 12 long positions Jim Cramer’s charitable trust recently sold out.



Accenture PLC (NYSE:ACN)


Bank of America (NYSE:BAC)


Caterpillar, Inc. (NYSE:CAT)




Chevron Corp. (NYSE:CVX)


Eaton Corp. (NYSE:ETN)


Hess Corporation (NYSE:HES)


H.J. HeinzCo. (NYSE:HNZ)


Kohl's Corporation (NYSE:KSS)


Altria Group Incorporated (NYSE:MO)


Nike, Inc. (NYSE:NKE)


Stryker Corp. (NYSE:SYK)


Jim Cramer has been holding on to his Bank of America (BAC) shares for a very long time. He kept them throughout the summer, even when he was bearish about the financials because of the European debt crisis. However, he felt that the stock had fallen too much when it was around $7 and decided to keep his position. Finally, he caved in recently. Bruce Berkowitz and billionaire John Paulson are still very bullish about BAC, though. Both fund managers boosted their stakes by around 5-6% during the third quarter. We actually like financials as a group. Financial stocks underpeformed the market by more than 20 percentage points since August, and we believe currently these stocks are oversold.

Cramer was also very bullish about Caterpillar (CAT) throughout the summer. He thought the stock would go to $110-$120 when the US economy turns around. However, the stock’s decline to $70 in early October made him realize that this is indeed a very cyclical stock, and he sold his position as prices recovered. CAT currently trades around $95.We aren't very bullish about CAT, we'd rather be in energy stocks.

Chevron (CVX) is another cyclical stock Jim Cramer sold recently. Cramer liked Chevron because of its low PE ratio and growth prospects. CVX was a resilient stock declining less than the market during the recent market turmoil. We like it as a long-term investment. Cramer didn’t want to take a chance with short-term gyrations in oil prices and sold CVX to position his charitable trust’s portfolio for a possible recession. We think energy demand in emerging markets is still growing at a robust rate whereas oil production has been stagnant during the past three years. Oil prices should go up over the next few years as global growth returns.

We don’t think Jim Cramer is truly bearish about these stocks. It is more like he saw better opportunities elsewhere and sold these positions to increase his cash positions. Recently he initiated new positions in Broadcom (NASDAQ:BRCM), TJX Companies (NYSE:TJX), and Weyerhauser (NYSE:WY). However, the total dollar value of these new positions is less than the value of positions he sold out. This indicates that Cramer is still cautious about putting his cash to work.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 12 Stocks Recently Sold By Jim Cramer's Charitable Trust