Hold 'Em Or Fold 'Em
With so many stocks hitting 52–week highs, when should you cash out and when should you let your bet ride?
Those are the questions vexing many investors as they sift through the list of widely held stocks that have recently reached this noteworthy milestone.
So, how should you trade these stocks going forward.
If it were down by 30% Amazon would still have a lofty valuation, chuckles Karen Finerman. I just can’t get on board with this one.
I like it for a trade, counters Steve Grasso. It seems the large cap funds are underweight Amazon and will likely be buyers into year’s end. Money mangers like to show high fliers on the books into year's end.
At 16 times forward earnings, the stock sort of scares me, but I think it’s a fantastic story. Going forward I think you can own it, says Guy Adami.
I love this stock, says Joe Terranova. I’d be long against $561 as my stop.
I like valuations and would stay long, says Guy Adami.