Ringing the Register on Some Kohl's Shares
| Symbol | Action | # Shares Traded | Recent Price | % of Portfolio* | Shares Owned* |
|---|---|---|---|---|---|
SELL | 100 | $75.98 | 3.02% | 1100 |
After you receive this Alert, we will be selling 100 shares of Kohl's (KSS) at roughly $75.98. Following the trade, KSS will represent 3.02% of the portfolio.
First off, thanks again to all club members who listened live to our June members-only conference call!
After some reviewing, we announced this trade during today's call (available as a replay on our home page here, and then it will move to the "Video" section of the page) because even in today's weakness, the stock has put together a tremendous rally over the past few weeks, and we cannot let ourselves become blinded with greed. We never want to trim our top names to raise cash, but at the same time, we cannot let ourselves become complacent to its rally, and to profit take is a natural part of the investment process.
Our trade does not reflect a change to our thesis, which relates to some of the best same-store sales among peers and a key partnership with Amazon (AMZN) , but with the shares sitting in the mid-$70s, we believe we are locking in a great price. With our sale, we will realize a gain of roughly 16.75%.
Action Alerts PLUS, which Cramer manages as a charitable trust, is long KSS.