While we take pride in identifying and bringing #1 ranked Long Ideas to clients, it can be just as important to a portfolios success to know when to take gains and cut losses. This week, we’re doing just that.
As we explain below, these stocks no longer provide the same risk/reward as when we first made them Long Ideas. In some cases, the stocks simply have gotten too expensive, while the business remains strong. In others, the business has deteriorated, which makes the stock look even more expensive. As the market trades at record levels, and upside looks limited in the near-term, we’re closing the below Long Ideas.
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