As we progress through earnings season, now is an excellent time to trim your portfolio of all dead weight.
I’m talking about all of the companies that have announced mixed earnings results or have sloppy guidance looking forward.
Of course, it can be tedious reviewing the latest earnings results for each of your companies, so I’ve broken down the top 75 big blue chips that you should take profits on immediately.
If you still own at least one of these stocks, now would be the time to reconsider whether you want to continue holding it, or lock in profits and use that money towards better opportunities.
In my professional opinion, the best thing you can do to prepare for the year-end rally is invest solely in companies with the best earnings prospects. While I expect third-quarter earnings season to boost many stocks, the smart money will flow into those companies that are growing sales, growing earnings and beating analysts’ expectations.
To ensure that you’re investing with the cream of the crop, I recommend that you run your portfolio through my Portfolio Grader screening tool. It doesn’t take much to see that sticking to A- and B-rated stocks pays off big in the long run.