Profit Booking - SELL Recommendation

Market Update:

The major indices are mixed and flat as choppy trading continues on Wall Street ahead of this afternoon's highly-anticipated Fed releases. The S&P 500 hit a marginal new record high in early trading, despite a mixed bag of earnings reports that came out yesterday afternoon and this morning. Google parent Alphabet's (GOOG) shares surged to a new all-time high thanks to the firm's massive earnings and revenue beat, but Microsoft (MSFT), Boeing (BA), Amgen (AMGN) and Texas Instruments (TXN) all dropped sharply in the wake of their quarterly numbers with Boeing's wider-than-expected loss weighing on investor sentiment.


Summary:

While the market continues to oscillate, we are strategically locking a quick 11% profit in just a few weeks. The stock has been on a steady rise since we picked it, and we want to cash on this uptrend before the earnings call. While we believe the stock may continue to outperform in the long run, we want to lock our gains, and look to reinvest in our other high quality picks. 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: 233


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Profit Booking - SELL Recommendation
Profit Booking - SELL Recommendation

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