Take this opportunity to sell either half or all of your positions in these three stock picks from Byron and Nomi.
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With the recent jump in gold prices along with a decline in the Australian dollar, Newcrest’s share price has benefited greatly. We have already hit our target price that Byron King expected by the end of 2019, so let’s take 45% gains on this position now.
As gold prices continue to rise during this volatile market environment, our GOEX ETF has provided good returns over the past few months. So, now is a good time to take profits.
Jim’s view of the balance of risks in one of our investments has changed. It’s time to exit.
Edgewell reported fiscal third quarter results and organic sales growth, margins and earnings beat expectations. However, like most other consumer products companies, Edgewell is experiencing cost pressures in many areas of operations. Higher costs in commodities, supply chain, and transportation are margin headwinds. The risk-reward of EPC at today’s price is not as favorable as it was in late March. Let’s take profits.
Considering the recent gains we’ve seen in four of these five positions, we recommend selling them. The fifth one, SJB, is a loss. But, we see better upside in our other positions.
With gold’s recent rally, Kirkland continues to outperform the market with industry-leading operating costs and positive cash flow. Unless the Fed is as dovish as the market expects next month, a correction in gold is likely. So, let’s take 41% gains in this position.
