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. On Friday’s Homestretch , we singled out CrowdStrike as the stock we wanted to buy if the market pullback spilled into the new week. After a roughly $6 bump in shares of the cybersecurity company on Monday, we are getting a second chance this morning to scale deeper into a position we started in mid-October. When the market sells off wholesale, as it did at Tuesday’s open, it often throws away the good with the bad. 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. (Jim Cramer’s Charitable Trust is long CRWD. 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.
Read More: Global sell-off on geopolitical tensions allows us to buy this quality stock on a dip
