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Stephanie Link and Jim Cramer's 5 New Buys in Action Alerts PLUS

Stephanie Link says it was important to take some profits and losses into the year-end rally to raise some cash and look for fresh buys ahead of the earnings season.

Stephanie Link, Co-Portfolio Manager of Action Alerts PLUS, tells TheStreet's Jill Malandrino it was important to take some profits and losses into the year-end rally to raise some cash and look for fresh buys ahead of the earnings season. In Financials, Cramer and Link sold Bank of America and bought MasterCard and Morgan Stanley because of the consumer story. Google was trimmed to make some room for RedHat as they look to diversify more within the tech sector. Unilever was added for international exposure and the attractive yield. Finally, UPS was a new buy as 2014 spending will start to abate in 2015.

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