CAR fell 1.7% on Monday, continuing to rotate in the $35 area. We are fans of CAR, they’ve done a better growing overseas than SEK, and we added it to portfolio into weakness in April; if we see a period of weakness across growth stocks, we will consider adding to this holding back around $32, or ~8% lower.
- We are still targeting the $40 area for CAR, or ~15% higher – MM is long CAR in our Active Growth Portfolio.
MM is long and bullish CAR
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