We're trimming a rebounding tech stock and buying more of a catalyst-rich name

We are selling 205 shares of Palo Alto Networks at roughly $183.32 and buying 30 shares of Honeywell at roughly $210.68. Following the trades, Jim Cramer's Charitable Trust will own 245 shares of PANW, decreasing its weight in the portfolio to 1.2% from about 2.20%. It will also own 420 shares of HON, increasing its weight in the portfolio to 2.35% from 2.20% The best-of-breed cybersecurity stocks — CrowdStrike and Palo Alto Networks — are continuing the rebound from their sell-offs earlier this year. The market is finally coming to our view that artificial intelligence will be an accelerant to their businesses, not a disruptor. For Palo Alto Networks, the stock has is now roughly flat on the year after being down 23% as of the Feb. 24 close. With the stock back in the $180s, we're following through with our previously stated intention to trim into strength and consolidate our cybersecurity exposure around CrowdStrike. This isn't a knock against Palo Alto. It's still a top name in the industry, led by a bankable CEO in Nikesh Arora, who successfully positioned the business for the AI era. Instead, it reflects portfolio management discipline. We hold two cybersecurity names in a 32-stock portfolio. Right or wrong, the group tends to sell off when the market gets concerned about software. This trim will make us less exposure to those downdrafts. From this sale, we will realize an average gain of about 70% on stock purchased in 2023 and 2024. …