We're trimming a parabolic mover — adhering to one of our core investment rules

CNBC Finance

2 min read

We're selling 50 shares of Corning at roughly $133 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 600 shares of GLW, decreasing its weighting to about 2% from about 2.2%. We're making our first trim of Corning since initiating the position last October, locking in a gain of roughly 55% in the process. Over the past week, we have debated trimming this position and capitalizing on the stock's now more than 50% rise year to date. It's been a tug-of-war between our conviction in the long-term story and the discipline required after the stock's recent outperformance. Our conviction rests on the likelihood that the optical fiber and cable maker will announce more supply agreements like the multibillion-dollar deal it struck with Meta Platforms in late January. There could be more upside in this stock ahead as hyperscalers race to secure their optical fiber and cable supplies for their data centers. However, we've been balancing this with our discipline of selling into parabolic moves in stocks. Corning's 50% rise this year makes it the sixth-best performer out of the entire S & P 500 in 2026. Ultimately, we always say discipline trumps conviction , which is why we have elected to take profits on this parabolic move. Accordingly, we're downgrading the stock to our 2 rating , meaning we'll wait for a pullback before deciding to add shares again. (Jim Cramer's Charitable Trust is long GLW. 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.

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We're trimming a parabolic mover — adhering to one of our core investment rules

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