The Carlyle Group (CG: $20.40)
The stock took off yesterday on no discernible news. It closed up $1.08 or 6% hitting $20.50 before settling at $20.45. We added the stock on June 14th at $18.75 so we are up 8% in three weeks. Our Target Price is $22, and we are approaching this level now. Again, we see no news that could send the stock up so much like this. We just believe investors are seeing the light and we continue to believe this company is undervalued by Wall Street. Stay tuned.