Today’s news: Sell Delek U.S. Holdings (DK)
Delek US Holdings (DK – yield 1.6%) is now very close to 38, where it last traded in July 2015. This week in the January 2018 issue of Cabot Undervalued Stocks Advisor I wrote:
No doubt earnings growth and valuation look superb, but DK already ran up 40% since mid-October, and it will likely have a hard time pushing past 38 without first wasting a lot of time pulling back and consolidating. I’ll make that Hold vs. Sell decision when forced to do so.
The stock is up 30% since joining the Buy Low Opportunities Portfolio on November 7, and it has achieved my full price goal. Traders should sell in the coming days. Longer-term investors can continue to hold this fantastic growth stock. I will sell now to make room for new buy low opportunities. Sell.