Jim Cramer’s Charitable Trust buys 80 shares of Bank of New York at about $146.71 and 50 shares of Cardinal Health at about $223.58. Both stocks have fallen about 10% since early September, with the buying opportunity driven by an oversold market and falling bond yields following softer-than-expected inflation data. Financials were the worst performing sector in September due to yield curve concerns and fears that AI agents will trigger cash sorting into higher-yielding products. BNY, primarily an institutional company, should not be materially impacted by the latter. Leerink analysts reaffirmed their positive view on CAH after a meeting with management.
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