We're adding to an out-of-favor stock with limited exposure to Iran war upheaval

We're buying 25 shares of Cardinal Health at roughly $210. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 475 shares of CAH, increasing its weighting in the portfolio to about 2.6% from around 2.5%. We're nibbling on more shares of the drug and medical supplies distributor Cardinal Health. We may have jumped the gun too early on this position and made the mistake of starting too early, but the stock has pulled back roughly 9% since the start of the conflict with Iran. The company makes the majority of its money from distributing branded and generic pharmaceuticals, specialty pharmaceuticals, and over-the-counter health-care and consumer products in the United States, limiting its exposure to geopolitical tensions and the broader macro trends. With no real exposure to the war and earnings per share expected to grow roughly 25% in its current fiscal year, we like building up this position into its recent weakness. By the way, sales of GLP-1 medications have been a nice tailwind to its Pharmaceutical and Specialty Solutions business, adding 6 percentage points of revenue growth in the company's most recent quarter. The only recent news out of the company was on Monday when it announced that, effective immediately, Gregory Kenny was retiring from his position as chairman of the board. He was being replaced by current director Patricia Hemingway Hall. Kenny joined Cardinal Health's board in 2007 and became chair in 2018. Sudden retirements from board members can be unsettling to investors at times, but Cardinal said this decision was not the result of any disagreement with the company on any matter related to its operations, policies, or practices. It's worth mentioning that Kenny also resigned from the board of food and beverage ingredients company Ingredion around the same time, meaning his decision to leave Cardinal was probably a life decision and not business-related. Cardinal added in its 8-K filing that it "remains confident" in its fiscal 2026 outlook, easing concerns of some sudden earnings slowdown. It will report earnings on April 30. (Jim Cramer's Charitable Trust is long CAH. 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.