Marvell Technology Inc. (MRVL) had been a strong performer in the portfolio, and we recently put it in the Action Alerts PLUS Bullpen before the stock made a big drop. The stock has struggled for awhile, and since then, we moved on a bigger and better company, Qualcomm (QCOM) .
Marvell still has some good prospects, but at this time we prefer to look at a better name. We'll be dropping MRVL today from the Bullpen.
Unlike MRVL, Kimberly-Clark ( KMB
) is one of those stodgy, old names that really is quite boring. Their products are seen in all grocery outlets as they compete with the likes of Procter & Gamble ( PG
) , Unilever ( ULVR
) and Colgate-Palmolive Company ( CL
) . But the company has been lagging some in recent years.
It has, however, found some nice footing of late. The weekly chart here
is mostly sideways, but a move above $140 would have our interest. We'll keep an eye on this in the bullpen for now.