Our Buy List is looking great today, with stocks soaring due to news of excellent trial results for Pfizer’s (PFE) COVID-19 vaccine.

However, now may be a good time to take some risk off the table. MSC Industrial Direct (MSM) has been a huge performer for us, advancing sharply over a period where many small-cap industrial stocks have struggled. The shares are well above my target price and are fully valued at 18X this year’s earnings per share estimates. Sell MSM.

If you are an Inner Circle subscriber who is following the Model Portfolio, sell MSM.