We have rebalanced our Stockpointer® US model portfolio. These trades are effective as of Wednesday, May 15 after market close.
Here are the details of the trades:
Outs:
1. Expeditors International of Washngtn Inc (EXPD) – 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. Evercore Inc (EVR) – Sectorial transaction. The company is no longer in the top of its sector.
Ins:
1. Raymond James Financial Inc (RJF) – Market Trend. Increase in the Financial sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
2. Marsh & McLennan Companies Inc (MMC) – Sectorial transaction. The company is in the top of its sector.
