Today I will sell Nu Skin (NUS) to purchase more shares of Apple (AAPL). I need the cash and Nu Skin is at the bottom of my Growth Portfolio Power Rankings.
Although I like NUS, I want to get more AAPL while I can. AAPL is the top stock I own and the stock looks to have just finished a correction. Currently, AAPL is up $23 to $554 (+4.4%) and NUS is lagging, up $1 to $43 (2.5%).
NUS has a few slow quarters on the horizon and without strong profit growth the stock might not be a big market leader. Also, NUS has an estimated Long Term Growth Rate of only 12%.
