Profit Booking - Partial SELL Recommendation

Market Update:

The major indices are all trading modestly higher following a relatively bullish morning session in stocks. Financial markets have been promisingly stable in the wake of yesterday's Fed announcements, and as Chinese stocks continued their bounce, volatility dropped sharply for the second day in a row on Wall Street. The Nasdaq and the Dow are still hovering just below their all-time highs but the S&P 500 and the Russell 2000 already made meaningful technical progress today. The former index hit a new record high in early trading while the small-cap benchmark is trading at its highest level in three weeks thanks to the broad-based morning rally.

Profit Booking - SELL Recommendation
Profit Booking - SELL Recommendation

Summary:

Our portfolio continues to significantly outperform the market and most of our picks have been reporting stellar earnings. We want to strategically book some more profits to capitalize on the momentum. Today, we exit one of our 2 positions in this stock pick as it heads into its earnings next week. While we remain optimistic on more upside in the long term, we want to secure a healthy 20% profit today. Congratulations!


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: 231


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