We're trimming 3 winning stocks as the market settles into overbought territory

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The market has been on a nice run since the Federal Reserve officially kicked off its rate-cutting campaign last Wednesday.

We're making three trims on Wednesday. We're selling 10 shares of Meta Platforms at roughly $569.66 each. Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%. We're selling 45 shares of Alphabet at $162.52 each. The Trust will own 500 shares of Alphabet, decreasing its weighting to 2.37% from 2.58%. We're selling 25 shares of Danaher at $269.88 each.

And while we are incrementally more bullish on the Waymo opportunity , as Jim Cramer discussed in his Sunday column , we are mindful of the litigation overhang. The Department of Justice is suing Google for antitrust violations, alleging it has monopolized the digital advertising market, and is considering breaking up the company. While we view that scenario has unlikely, it could put a lid on further upside until resolved. We'll realize a gain of roughly 440% on the shares sold.

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