were buying 50 shares of salesforce crm at roughly 15917 each and 50 shares of johnson  johnson jnj at roughly 17563 each were also selling 150 shares of paypal pypl at roughly 8197 each following fridays trades the portfolio will own 405 shares of salesforce increasing its weighting to 221 from 194 200 shares of johnson  johnson increasing its weighting to 122 from 092 and 250 shares of paypal decreasing its weighting in the portfolio to 072 from 114 were making a few trades in the portfolio friday selling a less favored name to buy higher quality stocks these are the latest moves in our sixweek process of highgrading our portfolio through these trades we want to be roughly cashneutral to netin because the market is still in slightly oversold territory per the s  p oscillator and its about to enter a seasonally stronger period for stocks for salesforce we managed to sidestep a pretty steep decline by selling 50 shares on march 31 at around 215 per share after waiting for the stock to fall about 45 per share we started to buy back what we sold higher on april 25 at 171  we started buying too early as crm has fallen roughly 8 since that trade but thats why we always stress the importance of never buying everything all at once with shares down to the 150s were buying back the second 25 shares tranche and adding some extra because we think the stock has gotten too cheap relative to the quality of the franchise backing up our view of how discounted this stock has become was fridays research note from jpmorgan analysts there called crm too cheap to ignore and said we view valuation as more depressed  defensive for crm shares than for the broader software industry at 4x cy23 revenue and 202x cy23 fcf likely undervaluing this sticky 32b cashgenerative recurring revenue stream with expanding margins cy stands for calendar year fcf stand for free cash flow for johnson  johnson were making our second buy since initiating the position on wednesday  j  j is the type of stock we believe can weather the current market volatility and macro uncertainty because its pharmaceutical medical device and consumer product businesses have defensive qualities and should remain resilient even in the face of the federal reserve aggressively raising rates to kill inflation j  j also has one of the best balance sheets of any publiclytraded company in the country only johnson  johnson and microsoft msft also a club name are aaa rated lastly we like the breakup story here and believe the separation of the consumer product business from the pharma and medical devices business will create value for shareholders shares were down about 65 from its april high financing these purchases will be a trim of paypal the market may be down for the week but pypl has shown some signs of life after gaining slightly more than 5 on thursday we believe this recent strength is an opportunity to pare our position back and recycle those funds into higher quality companies whose businesses are less impacted by slowing consumer spending again this furthers our moves to highgrade our portfolio paypals business is heavily tied to ecommerce and until theres evidence that online spending has normalized after lapping tremendous gains from the covid pandemic we think this stock could struggle to meaningfully work well take a disappointing loss of about 60 on this sale jim cramers charitable trust is long crm jnj msft and pypl 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 trusts 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