As part of our investing round for the summer of 2019, we are looking at stocks to consider selling. The following stocks are on that list:
- Baidu (BIDU) – they recently had their first loss and are way down
- Baozun (BZUN) – stock performance far down, likely impacted by China / US trade disputes
- Electronic Arts (EA) – far down with recent low performing franchise entries and hit by rise of Fortnite and mobile gaming
- Gilead (GILD) – has not moved in years
- General Motors (GM) – at risk with China / US trade disputes, automotive is a cyclical industry
- Juniper (JNPR) – just kind of there, not growing, haven’t been taken over yet
- Nvidia (NVDA) – went from huge growth to little / no growth
- Smart Global Holdings (SGH) – missed earnings and hit hard
- Equinor (EQNR) – formerly Statoil. Not moving much in years
In general will look to consolidate down the total # of stocks in the portfolio and will want to re-buy from the 2019 purchase list (to come) which will also include some stocks already in the one of the 8 existing portfolios.