Shortly after the opening bell, we will sell 18 shares of Meta Platforms at roughly $542.3 and 20 shares of Palo Alto Networks at roughly $343. Following the trades, Jim Cramer's Charitable Trust will own 275 shares of META, decreasing its weighting to 4.45% from 4.7%; and 230 of PANW, decreasing its weighting to 2.35% from 2.5%. We're kicking off the week with a couple of small trims to lock in big gains.
Likewise, cybersecurity leader Palo Alto Networks has been no stranger to huge stock swings on earnings. In February the stock fell nearly 30% after the company said it would aggressively push its platformization strategy at the sacrifice of near-term billings and revenue growth. In May, the stock dipped again on what initially appeared to be a billings miss but later proved to be a beat after a calculation error.