Shortly after the opening bell, we will sell 100 shares of Alphabet at roughly $182 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 400 shares of GOOGL, decreasing its weighting to about 2% from about 2.4%. Alphabet shares jumped about 4% to around $182 in premarket trading after the Google parent got more attention for a quantum computing breakthrough announced Monday. Google said its quantum computer using its new Willow quantum chip took five minutes to solve a math problem that a supercomputer would need around 10 septillion years to complete. Septillion is a 1 with 24 zeros after it. GOOGL YTD mountain Alphabet YTD The news may very well be a major achievement in the quantum computing world. Still, we are unsure of the business case and monetization strategy that could come from this development. It seems excessive for Alphabet shares to be up this much in early trading, which explains why we’re taking advantage and locking in profits. We also still have reservations about Alphabet’s ongoing antitrust uncertainty . From this sale, we will realize a huge gain of about 488% on stock purchased in July 2014. (Jim Cramer’s Charitable Trust is long GOOGL. See here for a full list of the stocks.) 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
FOLLOW US ON GOOGLE NEWS
Read original article here
Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email –
seculartimes.com. The content will be deleted within 24 hours.
