Our portfolio experienced a flurry of adjustments in a week dominated by Nvidia’s (NVDA) quarterly results Wednesday evening and Federal Reserve Chairman Jerome Powell’s Jackson Hole address Friday. Here’s a day-by-day look at the trades and price-target changes, and what motivated each decision. Monday Monday proved to be a harbinger for the rest of the week, beginning with purchases of GE Healthcare (GEHC) and Stanley Black & Decker (SWK). With the S & P Short Range Oscillator indicating an oversold market, we looked for places to put our large cash position to work. GE Healthcare and Stanley Black & Decker appeared especially attractive, leading us to buy 100 shares and 150 shares, respectively. For GEHC, we wanted to take advantage of what we believe was an unwarranted decline in the medical technology company’s stock price. By Monday, Stanley Black & Decker shares had given up all of their post-earnings pop Aug. 1 and then some, opening a window for us to build a larger position in the relatively new Club stock . Monday’s SWK buy followed an earlier 150-share purchase on Aug. 8 . Later in the trading day, we seized on Microsoft ‘s (MSFT) post-earnings weakness, buying 30 more shares . Although this trade violated our low cost-basis in Microsoft — a decision we never take lightly — the technology giant’s leadership in the artificial intelligence race is as apparent as ever. And, the recent slide in the stock didn’t reflect that. Our price target on Palo Alto Networks (PANW) got a bump Monday, in response to the cybersecurity firm’s fiscal 2023 fourth-quarter results and investor day Friday night. Despite the release’s unusual timing, the Nikesh Arora-led company once again demonstrated its excellence. We took our PANW price target to $280 per share from $245. That represents more than 20% upside. Tuesday As Jim Cramer likes to say, discipline always wins out over conviction. As stocks moved deeper into oversold territory Tuesday, our discipline had us on…
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