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ANALYSIS: HII and the market

Brutal few days in the market for me, I can't lie. #NVDA was a great sale, but frankly, I should have taken some profits in #SPOT and gotten out of #NFLX when I had a scratch (no gain or loss). Those are the two positions I regret not selling. Otherwise, I'm sitting tight. Today is a good day to not look at your screen.


NFLX is still a great company, but I have too many high-flying tech stocks. My relative lack of diversification cost me the past few days.


Huntington Ingalls (#HII) is the one stock I would start buying right here if I didn't already have a position. The news regarding the Chinese resasserting their centuries-long claim to the South China Seas is bullish for HII. Washington D.C. is not going to give up that power lightly, so look for more ships to be built. HII is the best shipbuilder.

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TRADE: Exiting Alphabet

Closing out the end out of my #GOOGL position for now, as Amazon and Facebook are taking share from them. Management painted a less-than-positive picture on the earnings call. Price: $1,186.64

TRADE: Trimming Raytheon

Let's trim some #RTN for a profit; I've had a big defense position for a long time, so let's book some gains to be safe. Price: $182.70, sold about 20% of the position.

© 2018 by John Miller, Everybody Trades. 

 

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