Archive Category: Green Zone Fortunes (Alerts)

I don’t even know where to begin… Our position in Sterling Infrastructure Inc. (Nasdaq: STRL) is absolutely killing it! The company reported earnings on Monday, and the numbers were so good … the stock is up 26% in just two days. I originally recommended buying shares of STRL in October 2020 when it was trading for just $16.45 a share. Now it’s up to nearly $78 … and we have an open profit of more than 370%! We’ve, of course, taken profits along the way…

Today, I’m recommending you lock in profits on a portion of your positions in Sterling Infrastructure Inc. (Nasdaq: STRL) and Quanta Services (NYSE: PWR). Please read closely for my detailed instructions …

Today, we’ll say “Goodbye” (for now) … to two stocks. I’ll emphasize from the get-go that my team and I still believe wholeheartedly in these companies and their ability to drive the energy-transition mega trend we expect to dominate for years to come. It’s only the price action of STEM’s stock, and the newly-introduced political risk in SQM’s home country of Chile, that we’re concerned about. I’m recommending you exit your positions today, even as I fully expect we’ll have another opportunity to buy back into these stocks in the near future — whether that ends up being a month from now, or in the back half of 2023.

It’s tough — both economically and psychologically — to hold a “long-only” portfolio of stocks through a bear market.

The market is reeling today from the fallout of recent bank runs on SVB Financial Group (Nasdaq: SIVB) and Silvergate Capital Corp. (NYSE: SI). Our portfolio is not directly exposed to those stocks, though considerable “contagion” selling could still hit regional banks and, even more broadly, many cutting-edge technology companies, since SIVB was the go-to bank for a lot of them. We have long established stop-loss levels on each of our positions and today I’m recommending you close out two positions that could face further selling pressure ahead.