We're booking big profits in an AI stock and trimming a credit-exposed bank

We making two trades Tuesday afternoon.

We're booking big profits in an AI stock and trimming a credit-exposed bank

TL;DR

  • Sold 40 shares of Broadcom (AVGO) at approximately $335 each, reducing its portfolio weighting to 1%.
  • Sold 75 shares of Capital One Financial (COF) at approximately $201 each, reducing its portfolio weighting to 3.1%.
  • The Broadcom sale aims to lock in significant profits (312% gain) and reduce AI exposure due to rising capital costs.
  • The Capital One sale is a reduction ahead of earnings, driven by disappointment with the pace of growth from recent acquisitions and a desire to limit sensitivity to high oil prices and inflation.
  • Increased exposure to Bank of New York as an alternative financial investment.
  • The article references prior successful exits from Arm Holdings and Corning based on similar risk-management strategies.

Continuer la lecture de l'article original