Sold out of $XOM and looking at exiting energy - 12-13-23 Market update

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My year end portfolio positioning continues and I sold my $XOM for gains. I also took $PXD out of the core portfolio.

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NOTES

Here’s the quote - I've been trading for a while but have no set strategy. That's one of my biggest takeaways from you and what I'm working on. 

Create your own. Not every mlb pitcher can throw a fastball 107mph so they have to lean in to their own strengths. 

5 stocks to watch $PFE $ADBE $HTZ

Oil down below $70 

This was a crazy situation with $CAVA - the lockup had expired. It was identified as a catalyst on Monday - well nobody sold in large quantities which caused a huge rally of buying - up 20%

I sold $PXD - it only makes sense to pull it from the core portfolio too. 

Here's one other oil tweet

I sold out of $XOM too - I’m going to redeploy this in to some growth stocks. I still hold $OXY and $DVN - but I’m determining my attraction to those. $XOM is in the core portfolio because I still think it’s a solid stock that will return shareholder value - but it’s just run high and oil is just so manipulated - I want to move this money to something that will get more growth. 

The vix is just crazy low 

Pfz - crazy bad guidance and loss of covid vaccine revenue …. Down 8% - I said yesterday when I got out - it’s just not a well managed company 

$GOOG named Top pick 2024 by JP Morgan

$TSLA recall is being misrepresented in the media - it’s a software update for FSD

Social Request

I do have KHC in my Webull Portfolio. 

https://share.trendspider.com/chart/KHC/189462p8g1h

Great article

That article is all about the robust case going forward for the stock. It’s part of why I love Seeking Alpha. The takeaway is that KHC could be a rebound. The comment section alone was a fantastic debate. 

For me - it’s not my kind of stock. I buy store brand typically and even a 5% dividend isn’t enough to push me to hold long term. I’m trading in that range and if it breaks below - I’m out - if it breaks above - I’ll sell when it loses confirmation. 

$INTC for Bullish Bytes on Instagram

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