Archive Category: Green Zone Fortunes (Alerts)

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.

Today, I recommend you lock in profits on half of your position in Sterling Infrastructure Inc. (Nasdaq: STRL). When we bought the stock on October 16, 2020, I set an initial price target of $30 per share, which would equate to a roughly 100% gain. And I said I expected it to take three years to get there. Now, we’ve been in the stock for two years and three months, and it’s trading above $33.

My friend and research analyst Matt Clark shared an interesting article with me this morning. Researchers used the popular AI chatbot ChatGPT to take the three-part U.S. Medical Licensing Examination — the series of tests taken by medical school students to become doctors. ChatGPT passed all three parts … just barely … without being trained on the exams.

Investors holding out for a potential “Santa Claus rally” in the market were sharply disappointed on Monday. The week started down five days after the Federal Reserve delivered a 50-basis-point short-term hike to interest rates. All three major indexes are poised to close out December on negative notes. As a result of the market turmoil, one of our renewable energy holdings reached its stop price, so we’ll follow our discipline and sell today.