Archive Category: Green Zone Fortunes (Alerts)

In November 2021, we recommended buying into shipping and logistics company Matson Inc. (NYSE: MATX) to take advantage of disruptions in the global supply chain. The company connects China with Hawaii and the West Coast of the U.S. with expedited shipping and cargo loading. But now we’re in a bear market, and investors are nervous waiting for word from the Federal Reserve on its next interest rate hike. As a result, rates are surging, and the S&P 500 dropped more than 1% in Tuesday trading. We recommended a stop-loss on MATX of $68, which the stock closed below yesterday.

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We hit our stop-loss in Fulgent Genetics Inc. (Nasdaq: FLGT) at the close Tuesday, so we’ll follow our risk management and exit the position. Action to take: Sell your shares of Fulgent Genetics Inc. (Nasdaq: FLGT) at the market. Last month, I recommended changing our stop-loss on 12 of our “core” positions, including FLGT. As a result, we’ll preserve capital by being disciplined and following our stop-loss guidance. While we strongly believe in the biotech and DNA sequencing industries and the role they will play in our future, we won’t ignore our stop-loss guidance.

We hit our stop-loss in Insteel Industries (NYSE: IIIN) at the close Friday, so we’ll follow our risk management and exit the position. Action to take: Sell your shares of Insteel Industries (NYSE: IIIN) at the market. Last week, I recommended changing our stop-loss on 12 of our “core” positions, including IIIN … as a result, we’ll lock in a 44% gain by being disciplined and following our stop-loss guidance. Congratulations on those gains!