Profit Booking - SELL Recommendation

Market Update:

The major indices are little changed at midday following a choppy and mixed morning session on Wall Street, with the S&P 500 hitting another new all-time high while being on track to rise for the sixth day in a row. Small-caps also added to their intraday gains from yesterday, as the record-breaking rally seems to be broadening following a week of strong divergences between the key sectors. Crude oil topped the $75 per dollar level, its highest since late-2018 amid the ongoing OPEC meeting in Vienna, as supply is expected to remain constrained while demand is recovering slowly but surely, despite the continued travel restrictions.


Summary:

Our portfolio has been firing all cylinders and generating sharp returns. We want to strategically lock some profits as our portfolio has become quite profit heavy. Today, we exit one of our recent positions that has already generated an attractive 60% return. While there could be more upside in the long term, we believe it is fairly priced now and prefer locking some solid gains. 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: 229


VIEW STOCK PICK


If you liked/owned this pick and/or plan to close your position, please press the Like (Heart) Button below the post.


Keep Buzzing!

Profit Booking - SELL Recommendation
Profit Booking - SELL Recommendation