We're tapping our large cash pile to buy more of this newer portfolio stock

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We are buying 100 shares of Best Buy at roughly $75.28. Following the trade, Jim Cramer's Charitable Trust will own 900 shares of BBY, increasing its weighting to roughly 2.15% from 1.94%. We're making a third buy on Tuesday. Our general investing discipline is to put spare cash to work when the S & P 500 Short Range Oscillator is oversold. Earlier we added to our positions in Coterra Energy and Constellation Brands . This purchase will bring our cash position to slightly below 9%, leaving us with plenty of protection should the market pullback resume after Tuesday's pause. As Jim Cramer put it on the Morning Meeting, " We do not need to scramble' in this sell-off thanks to our large cash position. Instead, we can greet the lower prices as buying opportunities. Our purchase of Best Buy is part of our gradual scaling up in this newer position. As we pointed out Monday in our trade alert , Best Buy shares have fallen since our March 27 initiation alongside most of the market and many other retailers due to concerns about inflation, but the data points surrounding our investment thesis remain positive. We've been buying Best Buy in anticipation of a rebound in the PC market as pandemic-era purchases near their replacement or upgrade windows. The launch of artificial intelligence-powered devices further strengthens that catalyst. A broader consumer electronic replacement cycle could follow. We received confirmation that a new PC growth cycle was on track when IDC earlier this month said global PC shipments returned to growth in the first quarter. As we wait for comparable same-store sales growth to inflect later this year, we will get paid for our patience by collecting hefty dividends. The recent pullback has brought Best Buy's yield to nearly 5%, a level we find attractive even in this higher-for-longer interest rate environment. Any relief in Treasuries, which would mean lower yields, will make that dividend look even better. In addition, Best Buy management increased the payout by 2.2% this year — a good sign of confidence in the company's future. (Jim Cramer's Charitable Trust is long BBBY. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.