The S&P 500 is up 18% year to date through April. It’s been a great ride this year, but a lot of top stocks I follow have already surpassed my 2019 Fair Values.
Most of the retail stocks I cover have surged so much so fast that I can imaging these stocks around these prices 6 months or a year from now.
The bad thing about that is: what if the stock market goes into a correction? These stocks would likely decline. So there’s risk but no reward?
My recommendation is to take profits in these select retailers, but hold some of the position for the long-term, as these stock have a history of growing over time. I really like these companies and feel they could continue higher.
My biggest mistakes in my career have been not buying a stock that goes on a fabulous 10 -year run, or selling too soon and watching as it goes higher.
Here are 6 top retail stocks I am taking profits in.
