We're making a small trim to boost our cash position in case the sell-off worsens

Shortly after the opening bell, we will be selling 300 shares of Cisco Systems at roughly $77.12. Following the trade, Jim Cramer’s Charitable Trust will own 600 shares of CSCO, decreasing its weighting in the portfolio to about 1.25% from 1.85%. We are making one sale on Monday to boost our cash position, as stock futures have cut their losses by roughly half from Sunday evening’s lows. The move coincided with volatility in the oil markets, as U.S. crude benchmark West Texas Intermediate rallied to about $119 a barrel before dropping to about $102. The move off the overnight highs followed reports that the Group of 7 was discussing the release of oil reserves. In Jim’s Sunday piece , he compared the current moment to what happened in 2022, when oil and inflation surged, causing the S & P 500 to fall more than 20% from its highs. Jim’s story mentions a hesitancy to sell Monday because the market is nearing oversold levels, but we want to make the portfolio even more prepared for more declines in case oil rallies back to $119 and the market drops back to last night’s lows. We’re letting go of some shares of Cisco Systems, securing a profit of about 13% on stock bought last July in the process. Its double-digit order growth in the recent quarter was a great sign of demand, but rising memory prices will dip into its gross margins, potentially capping earnings per share upside in future quarters. (Jim Cramer’s Charitable Trust is long CSCO. 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.