Weekly Wins! Taking Profits in TheStreet Pro's Portfolio
Highlighting two winners from TheStreet Pro's Portfolio.
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I don't feature TheStreet Pro's Portfolio enough here.
If you're unfamiliar with Portfolio, it's a professionally managed, diversified portfolio and a great example of a portfolio that you can mimic in whole or in part. You might even follow it just to read Chris Versace's great market analysis while you make your own decisions.
More Pro Portfolio:
- We're Locking in Big Gains on These Two Holdings
- Monthly Roundup: After a Great September, We Await Opportunities in October
- Market’s P/E Is Stretched — And So Is Its Dividend Yield
Also, these holdings might stay in the portfolio for years, so they're definitely not a "weekly win."
In many cases, Chris sells a small percentage of the total shares we own when that investment has significantly appreciated, even if it's a stock he still believes in. This way, he can allocate funds from a highly appreciated investment to another holding with greater potential.
It's the foundation of diversification.
That was the case this week. On Monday, Chris took profits in two great stocks, Axon AXON and Lockheed Martin LMT.
In both cases, Portfolio will still hold around 3% of its assets in the remaining shares, but it was time to, as traders like to say, ring the register. Ca-ching!
Rather than share a chart this week, I'll post an excerpt from Portfolio's Close Trades tab. The green box highlights the incredible profits Chris generated in these two stocks, and each in around 2 years or less.
Have a nice weekend.