We are buying 50 shares of Wells Fargo at roughly $76.20. Following the trade, Jim Cramer’s Charitable Trust will own 1,675 shares of WFC, increasing its weighting in the portfolio to 3.35% from 3.25%. Following Monday’s market rally, the S & P Short Range Oscillator slightly improved to minus 7.34% from minus 7.87% but remained at levels that indicated a deeply oversold market. Monday’s strong market gains showed us the level of tension in the market and how it’s ready to rally if there is a meaningful break in the price of oil. To be sure, the conflict in the Middle East is still a highly uncertain event. And U.S. oil benchmark West Texas Intermediate crude spiking above $100 a barrel could send the market back to its recent lows. Nevertheless, history says when the S & P Oscillator is this oversold, you have to hold your nose, look for bargains, and gradually put some money to work. That’s why we’re adding to a financial position that has fallen about 18% this year in Wells Fargo. We previously nibbled on Wells Fargo in late February . Even after Tuesday’s trade, we still won’t have fully repurchased the Wells Fargo stock we sold in October and January, at roughly $86 and $94 per share, respectively. The financials have been hit hard lately for a few reasons. The most obvious concern is that escalating geopolitical tensions and rising energy prices could pressure the global economy. The other relates to artificial intelligence and the disruption it may have on the private credit industry as well as the loans Wells Fargo makes. This overhang may stay with the banks for some time, but we think Wells Fargo has the expertise to mange credit risk. Additionally, CEO Charlie Scharf is very tech-forward, and we think AI has the potential to drive efficiency gains. This is our second trade alert of the week. On Monday, we bought additional shares of another financial in Goldman Sachs , as well as Boeing . (Jim Cramer’s Charitable Trust is long WFC. 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.