Weekly Wins! Playing Defense with Defensive Names and HROWing our Boat.
Our team takes profits on AXON, LMT, and HROW.
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Although this column is called Weekly Wins, we frequently feature longer-term picks. Today, both Chris Versace and Bret Jensen ring the cash register on strong companies whose stocks had become overvalued.
Chris Versace
Chris Versace and TheStreet Pro Portfolio: Long AAXN and LMT
Chris took profits on two longer-term holdings. We still own both names, but this is a great example of how investors should manage their winners to prevent any single one from becoming too overweight.
Results: an 86% gain on AXON and a 42% gain on LMT, with more to come!
Read the article here.
Bret Jensen
Bret Jensen: Long HROW
Harrow has been a favorite of Bret’s throughout 2024. He’s mentioned it several times on the Daily Diary as well as in an August 9th article. Shares continue to set new highs and even Cramer mentioned it on Mad Money. While Bret remains optimistic, he recommends profit taking on some of your shares.
Result: A 15% gain since the most recent article, but much more if you've followed Bret in the Daily Diary.
Read the article here.