I am going to take profits and sell 100 shares of Freeport- McMoRan (FCX) . I have made 10% since my last purchase of FCX, and I am going to take some money off the table. I still like the company's exposure to growth in the global infrastructure trend, but I'll take profits and look to buy it back at lower levels. FCX will make up 2.4% of my portfolio after my sale.
I will use the cash and buy another 100 shares each of Quanta Services (PWR) and Trinity Industries (TRN) . Both have exciting growth prospects in wind, and I want to make both stocks bigger bets in the fund. I will hold 4.35% in PWR and 1.5% of TRN after my purchases.
Regards,
Jim Cramer
DISCLOSURE: At the time of publication, Cramer was long FCX, TRN and PWR.
Send email to james.cramer@thestreet.com.