The major indices are all trading lower at midday following an active and bearish morning session on Wall Street. The overbought benchmarks turned lower following a memorable run, with the S&P 500 being on track to close lower for the first time in nine sessions, but the large-cap benchmarks are still trading near their all-time highs. Small-caps, which have been leading the way higher this month also pulled back this morning, while, at the level of individual stocks, Tesla (TSLA) and PayPal (PYPL) were among the most notable laggards.
We have been absolutely crushing the market, with several of our picks setting new records over last few weeks after crushing their respective earnings estimates. The falling solar costs and climate change will propel solar equities skyward and hence it's recent energy storage offerings, with a smart app, will likely keep the company in its market-leading position for the long term. However, with our portfolio being profit heavy, we want to secure some profits along the way and are happy to lock a 40% profit today. You would be fine, if you continue to hold your position for the long term.
If you wish to continue owning this stock, you may choose to depending on your overall portfolio distribution
You may even consider doing a partial sale.
If you do not own this stock, no action is required at this time.
Sell Pick No: 243
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