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On
CNBC's Fast Money Halftime Report, Josh Brown spoke about the recent changes in the portfolio he created for the FMHR 2015 contest.
Brown decided that this year he is going to cut losses in stocks that are not performing well, because there is not enough time to wait for them to make a comeback.
On Monday, Brown closed a long position in
Deere & CompanyDE because it dropped below its 200-day moving average. His strategy this year is to own strength and he wants to replace weakening stocks with strong stocks.
Brown bought
CME Group IncCME, which is in a good position to profit on volatility in commodities.
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