ZBRA

Selling Zebra Technologies out of Jubak Picks tomorrow

Selling Zebra Technologies out of Jubak Picks tomorrow

When I bought Zebra Technologies (ZBRA) back on June 28, 2021, I thought the stock was moderately over-valued. But that, like many over-valued stocks with momentum, it would move higher. I set a target price then of $596 a share. Well, moderately over-valued has become more seriously over-valued. Morningstar calculates that the stock traded at a 37% premium before the 2.79% gain today, November 29.

More on why I added Zebra Technologies, my second Post-Pandemic picks for a New Normal, to my Jubak Picks Portfolio on June 28

More on why I added Zebra Technologies, my second Post-Pandemic picks for a New Normal, to my Jubak Picks Portfolio on June 28

On June 28 I added Zebra Technologies (ZBRA), my second pick in my Special Report: 5 Post-Pandemic Picks and 5 Post-Pandemic Pans for a New Normal, to my Jubak Picks Portfolio. In that day’s update on this Special Report set a target price of $596. (The shares closed at $510.65 on June 25 and at $539.94 on July 2.) Today let me give you some more of my logic behind this pick as well as an update on why the stock climbed 1.49% on July 2.