Stock Pick Update: Jan. 13 – Jan. 19

Which stocks could magnify S&P 500’s gains in case it rallies?

In the last five trading days (January 6 – January 12) the broad stock market has extended its record-breaking run-up. The S&P 500 index has reached new record high of 3,826.69 on Friday following new stimulus package hopes.

The S&P 500 has gained 2.40% between January 6 open and January 12 close. In the same period of time our five long and five short stock picks have gained 1.59%. Stock picks were relatively weaker than the broad stock market’s performance last week. However, our long stock picks have gained 3.35% outperforming the index . Short stock picks have resulted in a loss of 0.17%.

There are risks that couldn’t be avoided in trading. Hence the need for proper money management and a relatively diversified stock portfolio. This is especially important if trading on a time basis – without using stop-loss/ profit target levels. We are just buying or selling stocks at open on Wednesday and selling or buying them back at close on the next Tuesday.

If stocks were in a prolonged downtrend, being able to profit anyway, would be extremely valuable. Of course, it’s not the point of our Stock Pick Updates to forecast where the general stock market is likely to move, but rather to provide you with stocks that are likely to generate profits regardless of what the S&P does.

Our last week’s portfolio result:
Long Picks (January 6 open – January 12 close % change):  Ecolab (ECL) (+1.65%),  Celanese (CE) (+3.80%), Kinder Morgan (KMI) (+7.87%), Valero Energy (VLO) (+1.45%), Nvidia (NVDA) (+1.98%)
Short Picks (January 6 open – January 12 close % change): Prologis (PLD) (-1.43%), Simon Property (SPG ) (+1.70%), Duke Energy (DUK) (-1.13%), Public Service Enterprise Group (PEG ) (+1.97%), Honeywell (HON) (-0.27%)

Average long result: +3.35%, average short result: -0.17%
Total profit (average): +1.59%

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Disclaimer: All essays, research, and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a ...

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