We are selling 150 shares of Morgan Stanley at roughly $94.18. Following the trade, Jim Cramer's Charitable Trust will own 1,250 shares of MS, decreasing its weighting to about 3.80% from 4.20%. We like to refer to the Oscillator to help figure out the market's pulse. This technical tool entered the week in slightly overbought territory at 4.45%. As a reminder, a reading of 4% or more means the market is technically overbought, and a reading of less than minus 4% means it is oversold.
Shares of the wealth management and investment banking company are trading near their 2024 high and are within a whisker of taking out its 52-week high going back to July. A rebound in investment banking activity like M & A and initial public offerings has helped the stock recover from its time in the $70s and $80s. But we're still looking for more confidence in the wealth management unit's ability to gather assets toward its $10 trillion long-term goal and expand its margins to 30%.