Updates 845

PARTIAL SELL Eli Lilly and Company (LLY) | Daily Alert September 1
Updated from WSBD 832, August 27, 2020

Eli Lilly and Company is a phenomenal big pharma player with a fantastic pipeline and a well-run business. Those things are big winners longer term. In the near term, LLY has blown away it peers. The stock is up 57% YTD and 144% over the last two years. LLY tends to pull back and consolidate after a big run as well. For those reasons, we’ll take some money off the table for now. SELL 1/3.
Tom Hutchinson, Cabot Dividend Investor, cabotwealth.com, 978-745-5532, August 25, 2021

*BUY MDU Resources Group, Inc. (MDU)
Updated from WSBD 838, February 18, 2021

MDU’s Quadrix® Overall score has slid to 67 from 84 just one month ago, largely due to slowing operating momentum. Analyst estimates still look solid, with the consensus calling for 9% higher earnings per share in 2021 and 7% growth in 2022. The shares look attractively valued at 15 times the 2021 profit estimate, versus a median of 20 for the S&P 1500 Index utility’s sector. Although MDU no longer ranks among our very top picks, the stock remains a Buy and a Long-Term Buy.
Richard Moroney, CFA, Dow Theory Forecasts, dowtheory.com, 800-233-5922, August 30, 2021

*SELL Williams-Sonoma, Inc. (WSM)
Updated from WSBD 833, September 17, 2020

Despite posting strong quarterly results in May, the shares of Williams-Sonoma have struggled in recent months, reflecting concerns that spending growth on home decor may be peaking. Additionally, consensus profit estimates for both the current year and next year have slipped over the past 30 days. The stock has soared 75% since we first recommended Williams-Sonoma in August 2020. We are dropping Williams-Sonoma from coverage. The stock should be sold.
Richard Moroney, CFA, Dow Theory Forecasts, dowtheory.com, 800-233-5922, August 9, 2021

*SELL The Progressive Corporation (PGR)
Updated from WSBD 829, May 21, 2020

The shares of Progressive have recovered some of the ground lost since its disappointing June-quarter report. But its Quadrix Overall score continues to slip, falling to 55 from 94 in April due to slowing operating momentum and falling profit estimates. The auto insurer suffered narrower profit margins last quarter due to rising costs and lower prices, a trend that may continue in the second half of 2021.

Progressive is now rated B (average) and should be sold.
Richard Moroney, CFA, Dow Theory Forecasts, dowtheory.com, 800-233-5922, August 9, 2021

*SELL Half: Lithium Americas Corp. (LAC)
Updated from WSBD 844, August 12, 2021

Sell half of Lithium Americas to protect win. LAC traded at $14.08 when we recommended it. It’s now up to $18.62. Let’s exit half.
Ian Cooper, The Cheap Investor, support@thecheapinvestor.com, September 2021

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