We have rebalanced our Stockpointer® US model portfolio. These trades are effective as of Wednesday, August 15 after market close.
Here are the details of the trades:
Outs:
1. Celanese Corporation (CE) – Market Trend. Decrease in the Materials sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company is the only Material company in the portfolio.
2. The Cigna Group (CI) – Sectorial transaction. The company was no longer in the top of its sector.
Ins:
1. Philip Morris International Inc (PM) – Market Trend. Increase in the Consumer Staple sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. The company is in the top of its sector
2. Berkley (W.R.) Corp (WRB) – Sectorial transaction. The company is in the top of its sector.
