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Wedbush updates top picks list following poor October returns

Investing.com · ·by G4L

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  1. 1Wedbush updated its top picks list after its portfolio recorded a return of -11.6% in October.
  2. 2Wedbush removed Reddit and Akero BioSciences from the list to maintain investment price discipline.
  3. 3Wedbush uses an automatic sell rule if a stock price falls 25% relative to the average movement of the S&P 500 and Russell 2000.

So what's the key point?

Wedbush reorganized its investment list after recording a negative 11.6 percent return in October. Reddit and Akero BioSciences were removed from the list because their stock prices were judged to be too high.

Source Investing.com · View original ↗

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