Cramer's Trust Buys 240 BNY Shares and 365 Kimberly-Clark for Defensive Shift

1 articles · Updated · CNBC · Sep 2

Jim Cramer's Charitable Trust initiated two new positions—240 BNY shares at about $161 and 365 Kimberly-Clark shares at about $108—with each set to make up 1% of the portfolio after Wednesday's trades.
The move follows Tuesday's Corning exit and shifts some exposure away from AI data-center plays into cheaper, less cyclical stocks as markets brace for a possible Federal Reserve rate hike this month.
BNY was picked for its fee-heavy model—about 70% of revenue is fee-based—and for operating gains under CEO Robin Vince, with revenue rising to $20.1 billion in 2025 from $16.5 billion in 2022.
Kimberly-Clark offers a 4.75% dividend yield and a catalyst from its planned roughly $49 billion Kenvue acquisition, which management says can deliver $1.9 billion in cost synergies before year-end closing.
The trust set a $180 price target on BNY and $120 on Kimberly-Clark, betting defensive earnings and lower valuation multiples will hold up better if rates stay higher.