We have rebalanced our Stockpointer® US model portfolio. These trades are effective as of Thursday, February 15 after market close.
Here are the details of the trades:
Outs:
1. Landstar System, Inc. (LSTR) – Market Trend. Decrease in the Industrial sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company has one of the lowest SP score in its sector.
2. Malibu Boats Inc (MBUU) – Sectorial transaction. The company is no longer in the top of its sector.
Ins:
1. Amgen Inc (AMGN) – Market Trend. Increase in the Health care sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
2. Jack in the box (JACK) – Sectorial transaction. The company is in the top of its sector.
Acquired company
Discovery Financial (DFS), which was in the portfolio, was acquired by Capital One Financial Corp. (COF) on February 20. Consequently, the company was sold on February 29 at market close and was replaced by SLM Corp (SLM) due to its high SP score.
