New month, same goal: make a ton of money in the stock market.
Here's is what TheStreet top strategist Stephen Guilfoyle is trading to kick off August.
I still love, love, love Apache Corp. (APA - Get Report) among energy names. The company has turned itself into a well-managed machine that can make money at ridiculously low price points for both crude and natural gas. I'll buy more of this one on any pull-back.
- Ford's 2018 Mustang Will Have Tear Your Face Off Horsepower and Be Totally Silent
- Ford, General Motors and Chrysler Just Got Smoked in July on Weak Sedan Sales
Both are up so much that a pullback has to be expected, but I don't think you should buy more here. (I hate "averaging up.") However, I think we could get another chance to load up down the road if flash-drive demand wanes at all.
I'm still long Walt Disney Co. (DIS - Get Report) in this sector. I bought more lower, then sold some on the way up to cut my risk. I want to stay diversified, and that position had just gotten too large.
Meanwhile, I went long on Hasbro (HAS - Get Report) -- a name I had long coveted -- on the stock's post-earnings beat-down. I finally got my preferred entry price for that one after stalking the name for three months.
Elsewhere, I'm long SiriusXM (SIRI - Get Report) -- and guess what? They're ripping the cover off of the ball, even without auto sales (a key factor for car-radio usage) kicking tail like they used to. SIRI beat on revenues and raised guidance. Oh, and this one is in the Stocks Under $10 portfolio that I co-manage with my pal Chris Versace.
- Costco's Strength Could Make Valuation Too High, Guggenheim Says
- Apple Still Hasn't Found That Breakout Video Hit
I cut my overall exposure to this sector by 40%, and I took profits on Delta Air Lines (DAL - Get Report) . In fact, Southwest Airlines (LUV - Get Report) is the only name in the space that I'm looking to increase my holdings of.
Citigroup, Keycorp, Wells Fargo, Apache, Schlumberger, Southwest and Nucor are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer and the AAP team buy or sell C, KEY, WFC, APA, SLB, LUV, NUE? Learn more now.
More of What's Trending on TheStreet: