We're selling 58 shares of DuPont at roughly $143 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 450 shares of DD, reducing its weight in the portfolio to 1.65% from 1.85%. We're offsetting our Boeing purchase from earlier Monday with a small trim of DuPont. Shares of the diversified industrial are up about 10% since the end of September, benefiting from the rotation out of heavily exposed data center buildout names. The rebound puts shares within a few dollars of their August highs, though the stock remains about $12 below its 2026 peak. DuPont shares are up about 18% for the year. DD YTD mountain DuPont YTD DuPont reports earnings before Tuesday's opening bell. While not making a call on the results, we wouldn't be surprised to see some noise like last quarter due to disruptions in the Middle East impacting the timing of a few large clean water technology projects. Another factor for this trim is that the simplification story has mostly been played out now that it's been almost exactly one year since it completed the…
We're trimming a rallying industrial stock, looking for its next catalyst post-spinoff
In short
The charitable trust sold 58 shares of DuPont at roughly $143 each, securing a 48% gain on positions acquired in August 2023. This trade slightly reduced the industrial firm's portfolio weighting to 1.65% across 450 remaining shares. Attention now shifts to Tuesday's pre-market earnings report, which could reveal how ongoing Middle East disruptions have affected project timelines for the company's clean water business.
Key points
- Proceeds from the DuPont share sale were utilized to partially offset an earlier purchase…: Proceeds from the DuPont share sale were utilized to partially offset an earlier purchase of Boeing.
- Upcoming Tuesday earnings will be scrutinized for the next business catalyst following re…: Upcoming Tuesday earnings will be scrutinized for the next business catalyst following recent strong performance.
- Results may show ongoing project delays within the clean water technology unit due to reg…: Results may show ongoing project delays within the clean water technology unit due to regional tensions in the Middle East.