We are buying 10 shares of Goldman Sachs at roughly $867. Following the trade, Jim Cramer’s Charitable Trust will own 160 shares of Goldman, increasing its weighting in the portfolio to 3.6% from 3.4%. We’re dipping into our cash, which makes up a mid-teens percentage of our portfolio, to make a small buy during Thursday’s market sell-off. We are not buying the heart of the AI trade — semis and industrial infrastructure stocks — but Goldman shares are down roughly 7% on concerns that pushback against data centers could mean fewer AI-related IPOs and fundraising deals to support the buildout. Investment banking, including advisory and debt and equity underwriting — expected to make up about 36% of total company sales in 2027, according to FactSet. But the stock’s haircut since this summer already prices in a slowdown in AI-related financing while overlooking the big equities and FICC trading businesses that thrive on this volatility. The stock could have more downside room if this anti-data-center trade continues. However, in times of market volatility, we like to fall back on companies that offer consistent capital returns to shareholders. Goldman does that with its 2.3% dividend yield and its multibillion-dollar share repurchase program, which it executes each quarter. We’re also interested in adding to our Boeing position as shares fall on Thursday, even though the plane maker has zero exposure to the data center buildout. We bought some Boeing shares on Monday following management’s reset of free cash flow expectations. (Jim Cramer’s Charitable Trust is long GS. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
