ITS TIME TO LIGHTEN THE LOAD ON THESE 10 STOCKS $AAPL $AGN $GILD $ISIS $NVDA $PYPL $SBUX $NKE $SKX $TSLA
It is time to take partial profits on 10 popular stocks listed later in this column. These are great companies with great products, excellent market shares, good balance sheets, and good earnings growth prospects. In addition to good fundamentals, from a traditional technical analysis perspective, all of these companies remain a buy for the long-term investor. “If both fundamentals and technicals are good, why take partial profits,” is the question. The answer lies in a very important concept that most investors and analysts tend to ignore at their own peril. The concept can be best described by one word, “over-owned.”