We have rebalanced our Stockpointer® US model portfolio. The trades are effective as of Friday, May 13 after market close.
Here are the details of the trades:
Ins:
- Nexstar Media Group Inc (NXST)– Market Trend. Increase in the Consumer Discretionary sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
- Best Buy Co Inc (BBY) – Market Trend. Increase in the Consumer Discretionary sector
- Meta Platforms Inc (FB) – Market Trend. Increase in the Information Technology sector
Outs:
- Philip Morris International Inc. (PM) – Market Trend. Decrease in the Consumer Staple sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio.
- Verizon Communications Inc. (VZ) – Market Trend. Decrease in the Telecommunication sector.
- Exxon Mobil Corp (XOM) – Market Trend. Decrease in the Energy sector.
