98% Profit - SELL Recommendation!
The major indices are all trading modestly higher at midday following a choppy and mixed morning session on Wall Street, with the Nasdaq and the S&P 500 hitting new all-time highs yet again. The price of crude oil surged to a one-month high above the $70 per barrel price level, giving a huge boost to the energy sector, as global growth worries continue to ease. Global markets were stable overnight following the busy start to the week, and as Chinese stocks even added to their recent gains, the risk rally could continue in the coming days.
Our portfolio has been firing all cylinders and hence we look to secure more profits today. Our video-compression and image-processing technology company skyrocketed on Wednesday after it beat Wall Street's second-quarter earnings expectations. It reported adjusted earnings $13.1 million, or 35 cents a share, up from $2.1 million, or 6 cents a share, a year ago. Revenue totaled $79.3 million, up 58% from a year ago. While, there is potentially more upside years ahead, we want to cash out on a hefty 98% gain.
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: 121
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