Three Club holdings — Salesforce (CRM), Linde (LIN) and Nvidia (NVDA) — just reached their highest levels of the past 12 months, which Wall Street generally views as encouraging. At the same time, however, some investors may be wondering whether hitting a new 52-week high might signal that it’s time to take some profits. Here’s how the Club is thinking about our positions in these three stocks that reached this juncture during Tuesday’s session. Salesforce (CRM) 52-week high: $200.12 per share on Tuesday Upside to average Wall Street analysts’ price targets: 12% Year-to-date gain: 49.7% 52-week low: $126.34 back on Dec. 22 CRM 1Y mountain Salesforce’s stock performance over the past 12 months. Salesforce CEO Marc Benioff has proven he’s the right person to lead the enterprise software giant, accelerating its profitability goals by two years and getting well-respected activist hedge fund Elliott Management to retreat on its battle for board seats . Against the backdrop of slowing enterprise spending, Salesforce has found a way to deliver results. The company’s current-quarter guidance, issued back on March 1, also came in above expectations. Salesforce has ample room to grow its business in the years ahead, but we believe Wednesday that investors can be patient before adding. As for the Club’s portfolio in particular, we’re comfortable with our 2.6% weighting in CRM and don’t see a compelling reason to justify violating our cost basis of $188.70. Our last purchase of Salesforce stock was Dec. 21, scooping up 25 shares around $130 each on the belief that investors were way too negative on the company. We’re glad to see sentiment in a much better spot now. Linde (LIN) 52-week high : $365.84 per share on Tuesday Upside to average Wall Street analysts’ price targets: 3.75% Year-to-date gain: 11.9% 52-week low: $262.47 back on Sept. 27 LIN 1Y mountain Linde’s stock performance over the past 12 months. Linde’s advance Tuesday pushed its stock to an all-time high,…
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