We're tapping our cash pile again to upgrade the portfolio with 2 more stock buys

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We are buying 70 shares of DuPont at roughly $78.14 and 85 shares of Wells Fargo at roughly $52.12. Following the trades, Jim Cramer's Charitable Trust will own 1,385 shares of DD, increasing its weighting to 3.5% from 3.3%, and 2,365 shares of WFC, increasing its weighting to 4.00% from 3.85%. We're nibbling on stocks again Monday afternoon to take advantage of the fear and volatility in the markets. It's probably too soon to count on the S & P 500 Short Range Oscillator — our trusted indicator of how to act during big upswings or huge downdrafts in the market — to flash "oversold" just yet. But we're making more small buys to accomplish our goal from the start of the session. Our plan has been to almost fully replace the cash we raised this morning through sales in lower-quality stocks like Ford and Wynn Resorts and redeploy almost all that capital throughout the session in high-quality companies with better businesses, balance sheets, and management teams. This is what we call "upgrading the portfolio" in times of volatility. We're going back to the well and topping off our positions in Dupont and Wells Fargo. Both stocks have bounced from our first trades on Monday, but there's still solid upside in both at the current levels. DuPont's beat-and-raise quarter last week confirmed our view that the worst of its de-stock is in the past, setting the company up for growth in the quarters ahead. There's also a catalyst here in the company's breakup into three independent companies, which should make more money for shareholders based on current market multiples. We're buying more Wells Fargo because it's way too early to write off the U.S. economy after one bad job report. And with a good dividend yield now north of 3% and a stock buyback, we like the capital return story here. After these trades, we'll still be slightly short on fully replacing the capital from the sales this morning. And that's intentional. We want to keep some dry powder in case the volatility continues throughout the week. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.