We have rebalanced our Stockpointer® US model portfolio. These trades are effective as of Friday, August 15 after market close.
Here are the details of the trades:
Outs:
- Henry Jack & Associates Inc (JKHY)– Market Trend. Decrease in the Information Technology sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company has the one of the lowest SP score among our IT holdings and has shown a decreasing return on capital over the last 5 years.
- AbbVie Inc (ABBV)– Market trend. Decrease in the Healthcare sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company is no longer top of its sector.
Ins:
- Group 1 Automotive Inc (GPI)– 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 a high SP score.
- OTIS Worldwide Corp (OTIS)– Market Trend. Increase in the industrials sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. The company has the best SP score in its sector.
