We're scooping up shares of 2 stocks that fell victim to a September swoon

Both stocks have pulled back this month, but our reasons for owning them have not changed.

We're scooping up shares of 2 stocks that fell victim to a September swoon

TL;DR

  • Jim Cramer's Charitable Trust is buying 80 shares of Bank of New York and 50 shares of Cardinal Health.
  • The purchases increase the trust's weighting in both Bank of New York (to 2.1%) and Cardinal Health (to 2.7%).
  • The buys are motivated by an oversold market indication (S&P Oscillator) and falling bond yields due to cooler inflation data (PCE price index).
  • Concerns about cash sorting impacting Bank of New York are dismissed due to its focus on institutional and financial services.
  • The positive thesis on Cardinal Health is reinforced by analyst reports, indicating its success factors are still relevant.

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