News Snapshot:
We're selling 25 shares of Pioneer Natural Resources (PXD) at roughly $231.09 each, and we're buying 30 shares of Estee Lauder (EL) at roughly $216.20 each. Following Monday's trades, Jim's Charitable Trust will own 100 shares of PXD, decreasing its weighting in the portfolio to 0.86% from 1.08%; and 105 shares of EL, increasing its weighting to 0.84% from 0.60%. This trade will result in a nearly dollar for dollar switch out of energy and into a name we think stands to benefit from a Covid policy change in the works in China. Pioneer Natural Resources saw an outsized move...