I have made some decisions to adjust the holdings within my general equity portfolios for my clients at LakeView Asset Management. First I have decided to sell some disappointing positions which may take longer to rebound than I would like. Those holdings are Freeport McMoRan (FCX) and Fedex (FDX).
Then as I outlined this morning, I had planned to add more technology to my portfolio. I wanted to go the way of the semiconductor space where I currently have no exposure. I could have taken the lazy approach and bought the Semicinductor HOLDRs ETF (SMH), but did not. I was taking a serious look at Intel (INTC) and I like the company’s 3.8% dividend. However, I wanted a little more in terms of growth potential. I decided to start a position in Nividia (NVDA). I am looking for at least 20% price appreciation on the position.
I welcome the All-Stars thoughts on this purchase.
Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView Asset Management, LLC was long NVDA stock — although positions can change at any time.
Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant and agricultural stocks. You can subscribe at www.restaurantstox.com
Editor’s note: Scott Rothbort’s Daily “Gut Feeling” Commentary is currently part of Wall Street All-Stars free content. In a few weeks this “Gut Feeling” will become premium content for exclusive Platinum Member access.
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