Sumichrast Stock Picks
need some recalibration.
The group has beaten the S&P 500. But as I reported in my April 16
, the old-fashioned "buy and hold" strategy no longer works. That said, here's what I would do with the current Sumichrast Stock Picks:
(PHM - Get Report)
: It's up over 11% since I first recommended it at $10.20 in February. Home building is still in the cellar and a revival is far off, but Pulte probably will be one of the first to rebound. Hold it if you own it or watch it if you don't, and if it dips below $10, buy.
(EQR - Get Report)
: After I first recommended it in February at $20.85, it's risen over 15%. Despite the dividend cut and lower second-quarter profit, I would hold this apartment owner, but if it moves higher, I would sell at a limit of $26.
: It's up a healthy 9% since I recommended it at $21.71 in February. It's had good results for second quarter, and I would hold for now.
(GE - Get Report)
: I recommended it at $11.62 in February, and it's over $13.75 now. It looks like GE Capital may be stabilized, which is a big sigh of relief. And, with the return of the overall economy, expect GE to recover nicely. I would buy more if it dips under $13.
Yingli Green Energy
: It's up over 239% since I first recommended it in March, so sell enough to get your money out and hold the balance.