How to Exit Platinum Positions

By Bonner & Partners on July 2, 2015

Since we’ll no longer be covering the Platinum portfolio, we recommend that you close your positions. (You can get step-by-step instructions in executing a sell order with your broker right here.)

First up is a position we’ve held since the very beginning. Health care giant Johnson & Johnson (NYSE:JNJ) is the eighth-largest publicly traded U.S. company by market cap. It’s been at the core of consumer health care for more than a century. The company is massive in both the consumer products business and the pharmaceutical business. If you’ve held the position since last March, you’ve managed to collect $2.84 in covered call income, as well as $3.55 in dividends.

Action to take: Sell shares of Johnson & Johnson (NYSE:JNJ) for a 12% gain.

 Next up is SCANA (NYSE:SCG), a regulated utility that distributes energy in both the Carolinas and Georgia. It’s not only a distributor, but it also cashes in on the production of that energy owning majority stakes in natural gas power plants, coal-fired power plants, and nuclear power plants.

This price is only slightly down right now from our entry price. Offset by our dividends, we will still lock in a gain of around 5% if we exit now.

Action to take: Sell shares of SCANA (NYSE:SCG) for a 5% gain.

Our next position is all-around giant General Electric (NYSE:GE). The company produces everything from light bulbs to state-of-the-art jet engines. Although shares are down slightly, we can still lock in a light gain.

Action to take: Sell shares of General Electric (NYSE:GE) for a 3% gain.

PepsiCo (PEP) is the second-largest food and beverage business in the world. It’s another recommendation that we’ve had since the beginning. We sold two rounds of calls for income of $2.02. We’ve also managed to collect $2.67 in dividends. We should be able to lock in a few dollars in capital gains as well, totaling our gains at around 7%.

Action to take: Sell shares of PepsiCo (NYSE:PEP) for a 7% gain. 

Last September, we recommended Douglas Dynamic (NYSE:PLOW). It’s still the only reason we like snow. We’ve locked in $0.88 in dividends, plus a few cents in capital gains for a 7% return in just under 10 months.

Action to take: Sell shares of Douglas Dynamic (NYSE:PLOW) for a 7% gain.

Hercules Tech Growth Capital (NYSE:HTGC) is a small technology-focused business that invests in privately owned companies. Companies like this give investors the opportunity to get into some of the best start-ups without having to put hundreds of dollars on the line. Unfortunately, since the end of February, we’ve just seen shares slide.

Action to take: Sell shares of Hercules Tech Growth Capital (NYSE:HTGC) for a 9% loss.

We also recommended another small-cap play. Wayside Technology Group (NYSE:WSTG) is a distributor, reseller, and service provider of software. And it’s partnered with some of the largest names in the business, including Intel, Microsoft, and Samsung. So far, we have collected $0.51 in dividends and we’re sitting on a large capital gain.

Action to take: Sell shares of Wayside Technology Group (NYSE:WSTG) for a 29% gain.

Emerson Electric (NYSE:EMR) is one of the leaders behind the Smart Grid (a more reliable, efficient electrical grid) and wind turbines. It also makes equipment you can find in restaurants, printers, and car-detailing garages. However, since recommendation, shares have decreased.

Action to take: Sell shares of Emerson Electric (NYSE:EMR) for an 11% loss.

In March, we recommended medical diagnostics supplier Meridian Bioscience (NASDAQ:VIVO). It looked as though its weak 2014 was behind it and the company was poised for better earnings. Its first-quarter earnings proved that might be the case… but it only improved our 10% loss to a 4% loss.

Action to take: Sell shares of Meridian Bioscience (NASDAQ:VIVO) for a 4% loss.

Our April recommendation of Entravision Communications (NYSE:EVC) shares are on fire. We noted that next year’s coming presidential election was sure to uncover spending and fundraising like the world has never seen. Entravision owns 58 TV stations and 49 radio stations that cater specifically to the Hispanic community, an important segment of the voting population. We’ve seen shares skyrocket.

Action to take: Shares of Entravision Communications (NYSE:EVC) are a sell for a 30% gain.

In May, we recommended Metabolix (NASDAQ:MBLX). Metabolix is at the forefront of a brand-new market, biopolymer-based microbeads for cosmetics – a replacement for the now-taboo plastic ones.  But the timing wasn’t right. So far, we’re down 11% on this bio start-up.

Action to take: Sell shares of Metabolix (NASDAQ:MBLX) for an 11% loss.

In our most recent issue, we recommended that you buy shares of Cloud Peak Energy (NYSE:CLD). Coal has been a hated industry as prices have steadily continued to fall since 2011. But in every crash, there’s the opportunity to find hidden gems for the recovery.

We noted that CLD is one of the few that is ideally positioned to withstand this dragging industry. But shares have fallen.

Action to take: Sell shares of Cloud Peak Energy (NYSE:CLD) for a 17% loss.

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