JP Morgan Chase (JPM): Profit-Taking

After JP Morgan Chase (JPM) reported a blowout quarter on Tuesday, it was time to take some profits as it once again approached its all-time high. I used a trailing-stop sell order which triggered at $119.14 and ended up filling at $119.10.

The sell order reduced my per-share cost by -2.77% from $100.77 to $97.98. At this point, I have no additional sell targets for JPM as it may actually break out from here. If it breaks down, however, my buy price target is $94.85, a 20% drop in price.

JPM closed the week at $120.56, up +1.23% from where I sold on Tuesday.

Kohl’s (KSS): Profit-Taking

As I mentioned last week, Kohl’s (KSS) is one of the most surprisingly volatile stocks I’ve ever owned, so when it started trading higher during a market-wide sell-off on Wednesday, I trimmed just 5% of my position using a trailing stop order which filled at $51.89, locking in just slightly more than 7% in profits on the shares I sold.

The sale only cut 0.41% off my per-share cost from $48.43 to $48.23, but I find that small profit-taking like this helps alleviate any regret or FOMO I might have later if the stock pulls back and I find myself thinking, “Dang! Why didn’t I take profits back when Kohl’s was over $50 again?!”

Given the unease the market is experiencing between slowing consumer spending and unpredictable trade negotiations, I intend to trim a bit more (roughly 11.5% of my position) if Kohl’s works its way to $54.00, a 10% profit.

KSS closed the week at $50.60, down -2.49% from where I sold on Wednesday.

Twilio (TWLO): Added to Position

The market has decided that growth stocks are out and reliable dividend-yielders are in, so the cloud stocks like Twilio (TWLO) got particularly slammed throughout the week. Patience once again paid off when, on Friday, TWLO’s price retreated through my $105.54 target, triggering a trailing-stop order which filled at $105.437.

The buy order lowered my per-share cost -3.17% from $120.78 to $116.95.

While I currently only hold 40% of my desired allocation of Twilio, this buy will be the last one at this level – it’s time to wait for Twilio to make its next move, whether that’s higher from here or a break from this level of support. If TWLO and the cloud space breaks down, my next buy target for TWLO is $85-86.

TWLO closed the week at $106.35, up +0.87% from where I added on Friday.