Eliminate underperformer - SELL Recommendation

Market Update:

The major indices are mixed and flat at midday following another choppy session on Wall Street, as typical around the holiday season. Global risk assets bounced back despite the brief scare of the possibility that President Trump would veto the long-awaited stimulus bill. The President called the package unsuitable and argued for a larger, $2000 direct payment, but he will still likely sign the bill. The relatively strong Russell 2000 crossed the historic 2,000 level for the first time ever thanks to the continued stimulus-related flows, and that's a positive sign for the broader market for the coming holiday period.


Summary:

With our portfolio demolishing all records each day, with our recent most pick up 53% in just 4 trading days, we have no place for underperformers in our portfolio. Today, we clean up a stock that has significantly underperformed the market, and prepare cash for our much better performing picks. We still pick up a small profit of 5% nevertheless!


Selling Guidelines:

  • 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: 53


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Eliminate underperformer - SELL Recommendation

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