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Good Appetizer for Thanksgiving Week

Jim Giaquinto

This holiday-shortened week kicked off on Monday with a solid session. Each of the major indices finished the day in the green and provided a nice reversal from a weak Friday session. 

The Dow performed best with a gain of 0.31% to 23,430.3, while the S&P was up 0.13% to 2582.1 and the NASDAQ increased 0.12% to 6790.7. Investors would be very thankful if stocks could finish this three-and-a-half session week with positive results, after having slipped in the past two weeks. This was a good start. 

You can expect a rather quiet week for the market…and maybe for the portfolios as well. For example, only a few editors made moves today. Counterstrike was the busiest with two sells (one of them a double-digit winner) and a buy. Furthermore, Black Box Trader only had one swap this week. The highlights section below has more on these moves and a look at this week’s Zacks Confidential.

Today's Portfolio Highlights:

Counterstrike: Chinese stocks have been hot lately, so Jeremy climbed on the bandwagon today with a position in Yirendai (YRD). It's a Chinese online consumer finance company that just reported solid quarterly numbers. Shares dropped after the report but have since recovered. Now, the editor expects YRD to continue its long-term trend higher. He added it with a 9% allocation.

Meanwhile, Garmin (GRMN) has been idling since running past the portfolio’s initial targets. Jeremy thought this was a good time to sell half the position and secure a nice 17.5% return. He also sold half of Wynn Resorts (WYNN), which is finally reaching his first targeted area after a long stay in the portfolio. The sell brings an 8.5% profit. The editor would sell the other half once it breaks past $165. Learn about all of today’s moves in the full write-up.

Black Box Trader: There was only one swap in this week’s adjustment. The portfolio got out of Mastec (MTZ) and added Wal-Mart Stores (WMT). Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing.

Zacks Confidential: The demise of retail has been greatly exaggerated. In fact, the industry may be all set for a dramatic upside breakout! In this week’s Zacks Confidential, Kevin handed over the reins to Tracey Ryniec, who goes over some of the myths about this “dying” space. She also highlights three of the best retailers and explains why Amazon WON’T be the only retailer left standing. Read her detailed article by clicking here: Now’s the Time to Buy Retail Stocks.

All the Best,
Jim Giaquinto

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