In today’s Daily Alert we’re passing on some sell recommendations from Top Stock
Insights Editor Ian Wyatt, who is doing some house-cleaning to take advantage of
the market’s highs. First, here’s his update on AVGO, which was recommended at
$31.05 in Investment Digest issue 719, dated May 16, 2012.
“Though we like Avago Technologies Ltd. (AVGO, Nasdaq) because it makes
semiconductors for handheld electronics, the stock has been stuck between $30 and
$36 for too long. Simply put, this isn’t the best place to park your money. The shares
offer a nice yield, but price appreciation has eluded shareholders. We’ll be able to
sell AVGO for about a 1% gain.”
His second sell alert concerns HL, which was recommended at $6.45 in Investment
Digest issue 728, dated October 10, 2012.
“Hecla Mining Company (HL, NYSE) has been one of our few disasters. The
shares lost nearly half their value following a large decline in silver prices. Though
we continue to like precious metals as a long-term theme, gold and silver may
experience another large decline this year because inflation expectations and global
economic fear have calmed down.”
Ian Wyatt, Top Stock Insights, www.topstockinsights.com, 866-447-8625, 5/22/13