Profit Booking - SELL Recommendation

Market Update:

The major indices were all trading slightly higher and then dipped, as the directionless trading continues on Wall Street. The Dow hit a marginal new all-time high after the open, and the S&P 500 and the Nasdaq were also just slightly below their record levels, despite two mixed sessions in a row interrupting the record-breaking rally in stocks. European stocks turned higher following yesterday's dip, and while crude oil is trading lower for the first time in nine sessions, global risk assets continue to enjoy tailwinds!


Summary:

With our portfolio generating record profits and beating the market hands down, we believe it is a great opportunity to cash out some profits. The stock has set a new all time high today, and exceeded our aggressive price target of $87. This gives us an attractive exit point. While the stock may continue to rise with the market momentum, we want to secure our gains today and build our cash position for other picks. We exit the position at a massive profit of 164%. 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: 216


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Profit Booking - SELL Recommendation
Profit Booking - SELL Recommendation

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