We're buying 45 shares of Johnson & Johnson at roughly $158 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 600 shares of J & J, increasing its weighting in the portfolio to about 3.27% from 3.03%. Wall Street's selloff picked up steam Tuesday as last week's hotter-than-expected inflation data has pushed bond yields higher and forced the market to recalibrate its Fed tightening expectations for the rest of the year.
Traders work on the floor of the New York Stock Exchange during morning trading on February 01, 2023 in New York City.
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