Jim Cramer's Charitable Trust Buys 10 Goldman Shares — SkimNews
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- Jim Cramer's Charitable Trust bought 10 Goldman Sachs shares at roughly $867 on Thursday, drawing on cash that represents a mid-teens percentage of the portfolio.
- Jim Cramer's Charitable Trust's Goldman position rose to 160 shares and 3.6% of the portfolio after the trade, up from 3.4%.
- Goldman Sachs shares fell roughly 7% amid concern that pushback against data centers would mean fewer AI-related IPOs and fundraising deals supporting the buildout.
- Goldman Sachs investment banking, including advisory and debt and equity underwriting, is expected to make up about 36% of total company sales in 2027, according to FactSet.
- Goldman Sachs's stock haircut since summer already prices in an AI-financing slowdown but overlooks its large equities and FICC trading businesses, which thrive on volatility.
- Goldman Sachs offers a 2.3% dividend yield and a multibillion-dollar share repurchase program executed each quarter, giving the trust a consistent shareholder-return anchor during volatile markets.
Why it matters: The trade shifts the trust's cash into Goldman stock offering a 2.3% dividend yield and quarterly multibillion-dollar buybacks, but leaves the bank exposed to AI-financing weakness in investment banking, expected to make up 36% of 2027 sales. The less-discussed counterweight is Goldman's equities and FICC trading, which thrive on volatility.
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