Adjust Positions in Rivian (RIVN) and Xponential Fitness (XPOF)
We’re making two modest changes today.
First, Xponential Fitness (XPOF) slipped after the recent earnings report and hasn’t regained its footing just yet. The stock has moved below its 50-day moving average line and today has slipped another step, driving a couple percentage points between the 28ish price level that held last week. I’m not saying the stock is broken. And in fact, it could easily bounce right back. But we have a decent gain, and I don’t want to see too much of it slip away. So, let’s go ahead and sell another third of our position so we can protect our gains while also participating in upside should XPOF rally. SELL A THIRD, HOLD A THIRD
Second, Rivian (RIVN) has been one of our worst-performing positions. But the stock seems to have found a bottom, and while I don’t think it’s going back to 100 any time soon, the worst may easily be behind us here. Especially as investors seem willing to put some risk back in their portfolios. We’ve been holding on to the first half of our position. Today, let’s fill out the other half. Rivian’s brightest days should be ahead as more of the company’s revolutionary EVs hit the road. BUY SECOND HALF
