After you receive this Alert, we will sell 50 shares of EOG
Resources (EOG:NYSE) at around $85.26. Following the trade,
EOG will represent roughly 2.92% of the portfolio.
EOG is significantly outperforming the market in today’s
session as the oil trade gets a boost from growing
geopolitical tensions across the globe. While we still
believe EOG is best-in-class, we want to take advantage of
the rally in the shares and build up additional cash to
give us the chance to add to some of our other positions
should the right opportunities present themselves.
Jim Cramer, Portfolio Manager & Jack Mohr, Director of
Research - Action Alerts PLUS
DISCLOSURE: At the time of publication, Action Alerts
was long EOG.
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