After you receive this post, we will be selling 150 shares of Walmart (WMT) at roughly $149.33. Following the trade, the Charitable Trust will own 850 shares of Walmart, representing 3.18% of the portfolio.

As a reminder, we will always wait 45 minutes after we publish a trade alert before executing the trade. By waiting, we presume that Investing Club members will receive a better price in the market than what we do.

We are trimming our position in Walmart this morning following the stock’s climb back near its 52-week high.

Taking a step back for a moment, we said in our Investing Club newsletter on October 5th that WMT’s decline to the mid to upper $130s should be bought if not already owned because we felt the stock price failed to reflect the positive business fundamentals and was due for a catch-up trade. It was the right call as the stock soon bottomed and then quickly found itself above $140 on October 18th, which was when we said WMT still had room to run and we would reevaluate our stance if the rally continued.

This brings us to today. Now that WMT is trading back near $150, we believe the time has come to cash in some shares and lighten up on our position. We will realize a small gain of roughly 2.5% on stock purchased in November 2020.

The CNBC Investing Club is now the official home to my Charitable Trust. It’s the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Typically, Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If the trade alert is sent pre-market, Jim waits 5 minutes after the market opens before executing the trade. If the trade alert is issued with less than 45 minutes in the trading day, Jim executes the trade 5 minutes before the market closes. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

(Jim Cramer's Charitable Trust is long WMT)