Selling Ericsson out of my Jubak Picks Portfolio tomorrow

Selling Ericsson out of my Jubak Picks Portfolio tomorrow

I bought Ericsson (ERIC) back on August 5, 2020 because of the growth it would see, I thought, from the roll out of the next generation –5G–of wireless systems. The problem for the company–and the stock–is that it has been hit hard the global battle between China (which has championed its own equipment vendors) and Sweden and other Western governments that worry that Chinese equipment suppliers such as Huawei with their close ties to the Chinese government and its military pose a security threat to their telecom networks.

Buying Marvell Technology Group in my Jubak Picks Portfolio

Buying Marvell Technology Group in my Jubak Picks Portfolio

While the NASDAQ Composite and Standard & Poor’s 500 were flirting with a correction on March 4, Marvell Technology Group (MRVL) has moved into its own better than 10% drop in just the last week. The stock is down 13.89% in the last week as of the close yesterday March 4 at $40.10. The stock is now down 15.66% for 2021 to date. I’m going to use this correction to add the shares to my Jubak Picks Portfolio on March 5 with a target price of $48 a share. The stock pays a tiny 0.60% dividend.