We have rebalanced our Stockpointer® US model portfolio. These trades are effective as of Friday, May 15 after market close.
Here are the details of the trades:
Outs:
- Merck & Co Inc (MRK) – Market Trend. Decrease in the Healthcare sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company had lowest SP score in its sector and declining NOPAT.
Ins:
- Dominos Pizza Inc (DPZ)– Market Trend. Increase in the consumer discretionary sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. The company has the highest SP score in its sector.
Trim Downs:
- Muller Industries (MLI) – Portfolio Weight limit. The stock maintained over and above our 10% weight limit in our portfolio. We trimmed the stock weight to 9% and reallocated the capital to Marsh & McLennan Companies Inc. (MRSH) increase weights by about 1% , SLM Corp (SLM) by about 0.5% and OTIS Worldwide Corp (OTIS) by about 0.5% because of their stronger SP scores, EPI and lower existing weight in the portfolio.