After Monday's trade, Jim Cramer's Charitable Trust will own 875 shares of GOOGL. This reduces its weighting in the portfolio to about 3.51% from 4.28%. Jim Cramer’s Charitable Trust now owns 875 shares, reducing its weighting from 4.28% to 3.51%. We first announced the sale last month, when we downgraded Alphabet's stock rating to a 2. We also discussed the trade on Monday's Homestretch. One of our biggest concerns when we downgraded was that the internet giant could lose a few percentage points in the lucrative search market to Microsoft's artificial intelligence-powered Bing. Microsoft's (MSFT), management highlighted Bing's 100 million daily users and its growth in the United States during the earnings call. Microsoft is also an Club name. We also believe that the Justice Department's antitrust suit against Google's dominance of the online advertising market will continue to be a drag on the stock. We liked the first-quarter report of the company and felt that the increase in Advertising revenue, the switch to profitability at Google Cloud and the new $70 Billion share repurchase plan would have better been received by the stock market. However, this quarter was not enough to alleviate our concerns. Jim Cramer's Charitable Trust owns GOOGL and MSFT. Click here to see the full list. Subscribers to CNBC Club will receive an alert when Jim Cramer makes a trading decision. Jim Cramer waits for 45 minutes after sending out a trade notification before he buys or sells a stock from his charitable trust portfolio. Jim waits 72-hours after issuing a trade alert if he has discussed a stock in CNBC TV before making the trade.
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