Sell: Ecolab (ECL)
Update from Investment Digest 750, October 28, 2013
Ecolab (ECL) has been on the Buy List just shy of ten months now, and during that time we have benefited from the company’s solid profit potential and its steady dividend. However, in recent weeks we’ve seen institutional buying pressure drop and risk increase to the point where I no longer feel comfortable holding ECL. With the stock trading right around a 52-week high, now is a good time to exit with our 12.5% gains.
Louis Navellier, Blue Chip Growth, www.bluechipgrowth.com, 800-718-8289, August 2014