We're paring this stock to refill our cash position after the market's latest rally

We are selling 50 shares of Emerson Electric at roughly $98.31. Following the trade, Jim Cramer's Charitable Trust will own 750 shares of EMR, decreasing its weighting in the portfolio to 2.57% from 2.73%. Following a big multiday rally in the stock market that brought the S & P Oscillator out of its oversold condition, we are making a small sale Wednesday to refill our cash position which we aggressively deployed over the past two weeks.

But we capitalized on this weakness and built up our position all the way down, betting that all the moving parts from its portfolio transformation would come together. Our patience has been rewarded since June as Emerson righted the ship from its disappointing first quarter and delivered two straight beats and raises, including a 19-cent beat in the quarter reported at the start of August .

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: Dow, Nasdaq Close Higher; 3M Stock RisesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

CrowdStrike Stock Gets a Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgraded the shares to Equal-Weight from Overweight, citing a difficult demand environment.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Twinkies maker Hostess Brands exploring sale amid interest from major companies: reportHostess stock rose sharply amid reports several food companies interested in buying Twinkies maker.
Herkunft: fox32news - 🏆 547. / 51 Weiterlesen »