By The Market Monitor, 15 July 2024
Buckle up folks, because the stock market just took a wild turn and your retirement savings could be on the line. Louis Navellier, the legendary growth investor and analyst behind Growth Investor, just released a bombshell report that has Wall Street quaking in its custom Italian leather shoes.
In his latest article on InvestorPlace, Navellier revised his Portfolio Grader recommendations for a whopping 67 big blue chip stocks. And let me tell you, the results aren’t pretty. As Navellier himself puts it:
You heard the man. It’s time to take a long, hard look at your holdings and see if any of these 67 stocks are lurking in your portfolio, waiting to torpedo your hard-earned gains.
But don’t panic just yet. Navellier’s not all doom and gloom. In fact, he’s identified 11 stocks that he’s upgrading from a Hold to a Buy rating. If you move fast, you might just be able to ride these rockets to the moon.
On the flip side, a staggering 22 stocks have been downgraded from a Buy to a Hold. If you’re holding any of these former high-flyers, it might be time to consider hitting the eject button before they drag your portfolio down with them.
And brace yourself, because it gets worse. Navellier has slapped a Sell rating on 22 stocks that were previously considered Holds. These stocks are officially radioactive, and you don’t want to get caught holding the bag when they implode.
But it’s not all bad news. Navellier has also thrown a lifeline to 15 stocks, upgrading them from a Sell to a Hold. It’s not exactly a ringing endorsement, but it’s a heck of a lot better than watching your investments go up in flames.
So what’s an investor to do in these turbulent times? As Navellier advises:
Don’t get caught flat-footed while the market churns. Arm yourself with Navellier’s cutting-edge research and position your portfolio to weather any storm.
Because let’s face it, with 67 blue chip stocks getting tossed around like rag dolls, the only thing certain in this market is uncertainty. But with Louis Navellier as your guide, you just might come out on top.
Click here to read Louis Navellier’s full article and see which stocks made the cut. Your retirement account will thank you.
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