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Jim Cramer's Action Alerts PLUS

Action Alerts PLUS

Freeing Up Some Cash

BY Jim Cramer and Stephanie Link | 08/28/14 - 11:01 AM EDT
Actions Taken:
Symbol Action # Shares Traded Recent Price Shares Owned After Trade % of Portfolio After Trade
BA Sell 300 $127.52 600 2.80%
XLNX Sell 500 $41.85 1350 2.10%

With the recent additions of Royal Dutch (RDS.A), Walgreen (WAG), Kinder Morgan (KMI) and 3M (MMM) to the portfolio, we are low on our cash. In light of this, we’ll raise some funds by trimming back two positions.

First, after you receive this Alert we’ll pare back the Boeing (BA:NYSE) position by selling 300 shares at $127.52, given the 7.5% gain the stock has recently enjoyed off the lows. We continue to like this story, the larger aerospace cycle and Boeing’s dominance in the industry. But the bounce from the lows has been fairly quick, so we’ll right-size the position -- and we have ample aerospace exposure via United Technologies (UTX:NYSE). On that subject, we were pleased to hear that United Tech had increased its share-buyback program Wednesday to $1.35 billion from the prior $1.25 billion and that it reiterated its 2014 guidance.

Both Boeing and United Tech remain core holdings -- but, again, it’s prudent to trim back the Boeing position given the move it has had.

Second, we’ll sell 500 shares of Xilinx (XLNX) at $41.85. We’ve been waiting for a bounce in the shares, and we still haven’t seen one. Since the company missed estimates on second-quarter revenue and lowered guidance yet again, we have been saying that this is a show-me story. China LTE demand should eventually come back, but it’s more likely a 2015 event. That is why we continue to rate Xilinx a Three, and we see other stocks as having more near-term upside potential: Facebook (FB), Google (GOOGL), and even Twitter (TWTR). As we indicated Wednesday, the latter is one name we are interested in initiating on a pullback.

Regards,

Jim Cramer, Stephanie Link, and TheStreet Research Team

DISCLOSURE: At the time of publication, Action Alerts PLUS was long BA, XLNX, RDS.A, WAG, KMI, MMM, UTX, FB and GOOGL.

Continuity for AIG Management
Stocks in Focus: AIG

We believe new CEO Peter Hancock will be consistent in running the company.

08/28/14 - 10:50 AM EDT
Excellent News for Lear
Stocks in Focus: LEA

The company's Eagle Ottawa buyout is even more positive than what we had initially thought.

08/28/14 - 09:28 AM EDT
Weekly Roundup

We are keeping our strategy focused on industrials, financials and technology.

08/22/14 - 07:00 PM EDT

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DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Action Alerts PLUS Holdings

Stocks we would buy right now

Symbol % Portfolio
Weighting
Current
Price
Avg.Cost
Basis
% Gain/
Loss
AIG 1.80% $55.73 $55.71 0.03%
AXP 3.83% $89.02 $87.20 2.09%
BA 2.74% $127.11 $129.70 -2.00%
BWP 3.21% $19.85 $19.25 3.09%
CI 2.71% $94.53 $88.52 6.79%
DOW 4.33% $53.64 $52.60 1.98%
ESV 3.39% $49.75 $51.53 -3.45%
ETN 3.99% $69.57 $75.42 -7.76%
FB 3.71% $73.86 $64.23 14.99%
FCX 3.18% $36.16 $38.36 -5.73%
GOOGL 4.69% $580.32 $574.35 1.04%
KMI 1.00% $39.77 $41.22 -3.51%
LEA 3.46% $101.57 $96.39 5.38%
MMM 1.81% $143.98 $141.54 1.72%
MSFT 1.45% $44.88 $43.53 3.10%
ORCL 3.11% $41.27 $41.77 -1.21%
PVH 2.11% $117.46 $112.61 4.30%
RDS.A 2.04% $81.19 $80.45 0.92%
SBUX 2.93% $77.81 $78.50 -0.88%
STI 4.22% $37.91 $38.79 -2.26%
UPS 1.75% $97.44 $96.89 0.57%
VALE 1.65% $13.11 $14.60 -10.23%
WAG 1.52% $60.47 $61.97 -2.42%

Stocks we would buy on a pullback

Symbol % Portfolio
Weighting
Current
Price
Avg.Cost
Basis
% Gain/
Loss
AAPL 3.01% $102.25 $79.05 29.34%
BAC 3.73% $16.01 $15.61 2.57%
GM 4.23% $34.68 $37.69 -7.99%
GS 3.51% $177.65 $164.68 7.88%
JNJ 2.29% $102.95 $91.83 12.11%
OXY 2.05% $104.01 $92.47 12.47%
SWK 2.77% $90.78 $84.55 7.37%
UTX 4.01% $109.11 $116.08 -6.01%

Stocks we would sell on strength

Symbol % Portfolio
Weighting
Current
Price
Avg.Cost
Basis
% Gain/
Loss
GE 3.07% $26.01 $26.54 -2.01%
XLNX 2.02% $41.76 $48.03 -13.05%

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