Profit Booking - SELL Recommendation

Market Update:

The major indices are all trading slightly lower at midday following yesterday's broad-based rally to new all-time highs on Wall Street. Reopening stocks showed strength compared to stay-at-home positions in early trading, helping the S&P 500 and Dow to new records, but the benchmarks all faded as the session progressed. Treasury Secretary Mnuchin put forward yet another stimulus package, worth $916 billion after the two parties failed to strike a deal yesterday. Investors remain optimistic regarding the talks.


Summary:

With our portfolio reaching an all time new high and generating record profits, we are strategically locking another hefty gain today. The stock has surged over 50% in just last 2 days, after a solid earnings beat and a confident outlook that surprised the Street. This gives us an attractive exit point. While the stock may continue to outperform in the long run, we want to secure our gains today and create cash to reinvest in our other market crushing picks. We exit the position at a massive profit of 131%. 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: 194


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Profit Booking - SELL Recommendation after election day
Profit Booking - SELL Recommendation after a 50% surge!

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