Last Week's Portfolio Changes
TheStreet
Below is a recap of last week's portfolio updates. Click here to read the Weekly Roundup posted on Friday.
Initiations/Exits
Raytheon (RTN) -- On Friday, we closed our position in Raytheon in our Alert here. The stock was up nicely to start the 2019, and this exit freed up a slot for a new name to the portfolio.
Price Target Updates
DowDuPont (DWDP) -- On Thursday, we lowered our DowDuPont price target to $70 after the company reported disappointing fourth-quarter 2018 results, which you can read more about here.
Ratings Changes
DowDuPont -- On Thursday, we downgraded DowDuPont to a Two in our Alert here after the company reported weak fourth-quarter 2018 results and downside 2019 guidance.
Palo Alto Networks (PANW) -- On Tuesday, we downgraded Palo Alto Networks to a Two in our Alert here. The stock had made a significant +25% run off its November lows, and we would rather buy again on a pullback.
Action Alerts PLUS, which Cramer manages as a charitable trust, is long DWDP and PANW.