Sell Netflix (NFLX) and Celestica (CLS)
With the market rotation continuing, we’re going to let go of two positions today.
The first is Netflix (NFLX), which has dribbled a little lower after reporting last week. I think Netflix is a great stock for a long-term-oriented portfolio, but we’re a bit more nimble here and I’m fine with locking in a 10% gain today, especially given the stock’s declining trend. SELL
Second, we are letting go of newish addition Celestica (CLS) today. I just added the stock a month ago, and the quarterly report was “fine.” But CLS is one of several tech names (like Vertiv (VRT), which we fully exited a couple of weeks ago), that have failed to gain any momentum after reporting. SELL
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