MGM Resorts & Darden: Adding More Cyclical Exposure

Secular growth uptrends intact but cyclicals are more timely for new capital - Technology’s ongoing surge has been nothing short of impressive and certainly exceeded my expectations for August, BUT it is the incremental improvement in cyclicals that has my interest for new capital. Why? While growth stocks remain in confirmed uptrends, many appear extended above their uptrends.

Such moves do not mean these stocks are necessarily due for big corrections, but I do view the risk reward more a...

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