We’re exiting a drug stock for a nice gain and putting some of that money to work elsewhere


Source: cnbc.com cnbc.com

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We're exiting our position in AbbVie (ABBV), selling 300 shares at roughly $148.14 each. We're also buying 75 shares of Starbucks (SBUX) at roughly $85.93 each. Following Friday's trades, Jim's Charitable Trust will no longer own a position in AbbVie and will own 750 shares of Starbucks, increasing its weighting in the portfolio to 2.28% from 2.06%. Starting with AbbVie , the company reported third-quarter earnings Friday morning and it followed an unfortunate recent trend we have seen for a few quarters in a row now: a revenue miss with an earnings beat. It's nice to see AbbVie exceed expectations...