The U.S. technology sector has done “just OK” so far this year. As measured by the Technology Select Sector SPDR Fund (NYSE: XLK), the sector’s series of higher highs and higher lows show us that it’s in a classic uptrend. But it trails a number of other sectors in year-to-date returns.
I recommend we make a new trade today. NetApp Inc. (Nasdaq: NTAP) is a top-rated technology company in the cloud and big data space. Readers of my Green Zone Fortunes newsletter should know I’m long-term bullish on cloud computing, the so-called “big data” revolution and the companies helping businesses from every industry group up their technology game.
After being in position for only a month, we have the opportunity today to lock in a profit of 50% on Catalyst Pharma Inc. (Nasdaq: CPRX). Congratulations! I recommend you sell one-third of your position today.
Our experts do the work to make investing safe and profitable for you. Sign up for FREE access to our Money & Markets Daily daily emails and take control of the Markets!