| Symbol | Action | # Shares Traded | Recent Price | % of Portfolio* | Shares Owned* |
|---|---|---|---|---|---|
SELL | 100 | $78.07 | 3.8% | 1300 | |
SELL | 200 | $94.89 | 3.9% | 1100 |
We’ll take profits in Facebook FB, selling 100 shares at about $78.07 and also Lear (LEA) , selling 200 shares at about $94.89.
We continue to like both positions, but both have seen nice recoveries off the lows, we’ll better our cost bases and have room to buy them back on any material pullback.
FB is part of our Internet/social basket, which also includes Google GOOGL and Twitter (TWTR) , and we believe it is positioned well for the long term to capitalize on the growing trends in advertising to this medium and away from the traditional efforts. Near-term and long-term catalysts remain in monetizing mobile, integrating and expanding its business from WhatsApp, Occulus and Instagram and operating leverage as its heavy investments work through the system.
LEA is a play on the continued strong trends in auto sales in the U.S., a recovery in Europe, efficiencies within its business (in both seating and electronics) and cash flow outlays (via M&A and buybacks). Both stocks should perform well in 2015 and, again, we’ll trim them to take profits and watch for opportunities into any volatility.
Regards,
Jim Cramer, Stephanie Link, and TheStreet Research Team
DISCLOSURE: At the time of publication, Action Alerts PLUSwas long FB and LEA.