Shortly after the opening bell, we will sell 150 shares of Starbucks at roughly $99.65 and buy 75 shares of Johnson & Johnson at roughly $234.18. Following the trades, Jim Cramer’s Charitable Trust will own 1,000 shares of SBUX, decreasing its weighting in the portfolio to 2.68% from 3.07% and 225 shares of JNJ, increasing its weight in the portfolio to 1.40% from 0.95%. We’re booking profits in Starbucks with shares of the coffee chain trading back near their highs for 2026. The stock closed at $100 a share Friday. We still have plenty of confidence in CEO Brian Niccol’s long-term strategy to improve top-line growth. However, we haven’t taken anything off into this year’s almost 20% rally and we want to hedge against an uneven turnaround, especially on margins. Starbucks reports earnings on April 28. From this sale, we will realize a gain of about 19% on stock purchased in August 2022. We’re taking this cash to make our second purchase of Johnson & Johnson. Shares of this pharmaceutical and medical-technology giant are down slightly since we started this position two weeks ago despite a clean beat-and-raise first-quarter earnings report. We view the dip as a good opportunity to scale deeper into this pharma name with very little patent-cliff risk and a strong pipeline, highlighted by its recently approved daily psoriasis pill Icotyde. (Jim Cramer’s Charitable Trust is long JNJ and SBUX. 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.
