This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trifecta Stocks

Fine-Tuning Our Holdings

By Chris Versace and Bob Lang | 2017-07-20 10:14:35.0
Actions Taken:
Symbol Action # Shares Traded Recent Price % of Portfolio* Shares Owned*
AMZN Sell 1 $1031.0 0.05 17
FB Sell 7 $164.0 0.05 107
GOOGL Sell 1 $996.0 0.048 18
MGM Buy 92 $33.5 0.045 472
MKC Buy 17 $92.0 0.047 180
OLED Sell 14 $124.3 0.049 140

* Indicates results after trade.

After you receive this Alert, we will make the following trades for the Trifecta Portfolio:

-- Sell 1 share of Amazon (AMZN:Nasdaq) at or near $1,031. Following the trade, the portfolio will still hold 17 AMZN shares, roughly 5.0% of its overall assets.

-- Sell 1 share of Alphabet (GOOGL:Nasdaq) at or near $996 Following the trade, the portfolio will still hold 18 GOOGL shares, roughly 4.8% of its overall assets.

-- Sell 7 shares of Facebook (FB:Nasdaq) at or near $164. Following the trade, the portfolio will still hold 107 FB shares, roughly 5.0% of its overall assets.

-- Sell 14 shares of Universal Display (OLED:Nasdaq) at or near $124.30. Following the trade, the portfolio will still hold 140 OLED shares, roughly 4.9% of its overall assets.

-- Buy 17 shares of McCormick & Co. (MKC:Nasdaq) at or near $92. Following the trade, the portfolio will own 180 MKC shares, roughly 4.7% of its overall assets.

-- Buy 92 shares of MGM Resorts (MGM:NYSE) at or near $33.50. Following the trade, the portfolio will own 472 MGM shares, roughly 4.5% of its overall assets.

From time to time, we fine-tune our holdings using positive moves in the shares to take some chips off the proverbial table and use those profits to scale into other positions or add a new one. With the market hitting new highs as the velocity of second-quarter earnings reports picks up, it seems like a prudent time to do some trimming. In this case, we are trimming back on Amazon, Alphabet, Facebook and Universal Display, all of which have generated significant returns year to date, and adding to our McCormick position, which as expected came under some pressure yesterday on the news of its latest acquisition.

We’re also scaling into MGM shares on the news that it will replace Reynolds American (RAI:NYSE) in the S&P 500 on July 26. When these substitutions occur, mutual funds and exchange-traded funds (ETFs) based on the S&P 500 as well as those that utilize it as a benchmark will rebalance as well, driving additional demand for the shares.

As we make these trades, we remind subscribers that we remain bullish on AMZN, GOOGL, FB and OLED, and we continue to review our price targets on the latter two with an upside bias. That said, much like with our MasterCard (MA:NYSE, $128.04, 2.08%) position, odds are we will not see significant upside in FB and OLED to warrant an upgrade to Ones from the current Two ratings.

Regards,

Chris Versace & Bob Lang
Co-Portfolio Managers, Trifecta Stocks

Chart of the Day: Palo Alto Networks
Stocks in Focus: PANW

This name has been consolidating, but steadily moving higher on decent turnover.

07/20/17 - 08:15 AM EDT
Sideways Consolidation Sets Up Disney For a Move Higher Post Earnings
Stocks in Focus: DIS

It appears this time we may have guarded optimism, which would be good after earnings.

07/20/17 - 07:45 AM EDT
Trifecta Stocks Weekly Roundup
Stocks in Focus: AMZN, AMAT, T, DY, MKC, MGM, SH, DOG, RWM, OLED, GOOGL, CSX, DIS, FB, IFF, MA

Fed comments help lift market as GDP expectations slip.

07/14/17 - 05:13 PM EDT

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and the AAP Team reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

The SU10 team uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Top Stocks

With Top Stocks, Helene Meisler uses short and long-term indicators to pinpoint imminent breakouts in stocks.

Product Features:
  • Daily trading ideas and technical analysis
  • Daily market commentary and analysis
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
14-Days Free
14-Days Free
14-Days Free

Special Subscription Bundles

Want more than one service?
Sign up to one of our packaged services and take advantage of amazing savings!

Portfolio
Plus
Real Money Pro
Portfolio
Chairman's Club
Action Alerts PLUS checkmark | Portfolio Plus checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Stocks Under $10 checkmark | Portfolio Plus checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
TheStreet
Quant Ratings
checkmark | Portfolio Plus checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Real Money checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Real Money Pro checkmark | Real Money Pro Portfolio checkmark | Chairman's Club
Trifecta Stocks checkmark | Chairman's Club
Action Alerts
OPTIONS
checkmark | Chairman's Club
Daily Swing Trade checkmark | Chairman's Club
Top Stocks checkmark | Chairman's Club
Started Now Started Now Started Now

Markets

Chart of I:DJI
DOW 21,611.78 -28.97 -0.13%
S&P 500 2,473.45 -0.38 -0.02%
NASDAQ 6,390.0021 +4.9602 0.08%

Trifecta Tweets

Latest Stock Upgrades/Downgrades

TheStreet Ratings Breakdown

  • A+
  • A
  • A-
  • B+
  • B
  • B-
  • C+
  • C
  • C-
  • D+
  • D
  • D-
  • E+
  • E
  • E-
  • F

  • Buy
  • Hold
  • Sell