Archive Category: Green Zone Fortunes (Alerts)

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.

Hopes of shaking off Monday’s slide were dashed on Tuesday as stocks sank for a second straight day. Investors have shifted focus from third-quarter earnings to gross domestic product and other economic data coming later in the week. Federal Reserve Chair Jerome Powell is expected to give remarks at the Hutchins Center on Fiscal and Monetary Policy today. Investors will look for clues on future interest rate hikes in Powell’s words. As a result of the market turmoil, another of our genomics holdings has reached its stop price. So we’ll follow our discipline and sell today.

The market tumbled Monday as investors expressed worry over recent protests in China due to the country’s COVID lockdown policy.