When the market sells off wholesale, as it did at Tuesday's open, it often throws away the good with the bad.
We are buying 50 shares of CrowdStrike at roughly $339. Following the trade, Jim Cramer 's Charitable Trust will own 150 shares of CRWD, increasing its weighting to roughly 1.5% from 1%. Stocks are falling Tuesday morning on escalating geopolitical tensions over the Ukraine-Russia war. We're dipping into our large cash position to take advantage of this market volatility.
In the case of CrowdStrike, we disagree with this drop because rising geopolitical tensions increase the threat of cyber attacks, making it even more necessary that enterprises and governments use best-of-breed cybersecurity solutions to remain secure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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