Jim Cramer’s Charitable Trust trims Home Depot stake by 40 shares

According to CNBC, Jim Cramer’s Charitable Trust is selling 40 shares of Home Depot at roughly $348 each, cutting the portfolio’s Home Depot weighting to 2.5% from 2.9%. After Thursday’s trade, the trust will hold 290 shares of HD. The move comes as the trust said Home Depot remains pressured by elevated interest rates, with mortgage rates at their highest level in nearly a year and bond yields rising on expectations of Federal Reserve rate hikes. The trust said it will realize a roughly 5% loss on shares bought in September 2024 and will rebuild cash for names it sees as better suited to the current high-rate environment.