We are buying 82 shares of Goldman Sachs at roughly $579.19. In addition, we are exiting our position in Morgan Stanley , selling 375 shares at roughly $127.24. Following the trades, Jim Cramer's Charitable Trust will own 205 shares of Goldman Sachs, increasing its weighting to about 3.26% from about 2%. The trust will no longer hold a position in Morgan Stanley. We're completing our switch in investment banking stocks, a move we signaled was on the horizon last month .
In addition, there's been a flurry of deals announced this week, an early sign that we are about to see a wave of mergers-and-acquisitions activity. Whether its Paychex buying rival Paycor , Stryker acquiring Inari Medical , Getty Images merging with Shutterstock , or Cintas making an offer to buy UniFirst , we could argue that all these deals rely on a lighter strict regulatory environment to go through.
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Cramer Sells Morgan Stanley, Buys Goldman Sachs After Market OversoldJim Cramer's Charitable Trust is shifting its financial positions, selling half its Morgan Stanley shares to invest in Goldman Sachs. The move comes after a Fed-driven selloff pushed the market into oversold territory, prompting Cramer to look for buying opportunities.
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