We have rebalanced the Stockpointer® US and ADR model portfolios which are effective now. Here are the details for the US portfolio :
Ins:
- American Express (AXP)– Market Trend. Increase in the Financial sector as seen in the Top 100 index, therefore, increasing our position in the portfolio.
- LyondellBasell (LYB)– Market Trend. Increase in the Material sector
- Starbucks (SBUX)– Intra-sectoral transaction. In the top of its sector.
- Home Depot (HD) – Intra-sectoral transaction. In the top of its sector.
- Cabot Oil & Gas (COG) – Intra-sectoral transaction. In the top of its sector.
6. Centerstate Bank Corp (CSFL) – Intra-sectoral transaction. In the top of its sector.
7. TransDigm Group (TDG) – Intra-sectoral transaction. In the top of its sector.
8. Newmont Mining (NEM) – Intra-sectoral transaction. In the top of its sector.
Outs:
- Bristol-Myers Squibb Co. (BMY)– Market Trend. Decrease in the Healthcare sector as seen in the Top 100 index, therefore, decreasing our position in the portfolio.
- DTE Energy (DTE)– Market Trend. Decrease in the Utilities sector
- Six Flags (SIX)– Intra-sectoral transaction. The company was in potential financial distress.
- H&R Block (HRB) – Intra-sectoral transaction. No longer in the top of its sector.
- GeoPark Ltd. (GPRK) – Intra-sectoral transaction. No longer in the top of its sector.
- Medical Properties Trust Inc. (MPW) – Intra-sectoral transaction. No longer in the top of its sector.
- Alaska Air Group Inc. (ALK) – Intra-sectoral transaction. No longer in the top of its sector.
- Westlake Chemical Corporation (WLK) – Intra-sectoral transaction. No longer in the top of its sector.
Here are the details for the ADR portfolio :
Ins:
- Anhui Conch Cement(AHCHF)– Market Trend. Increase in the Materials sector as seen in the Top 100 index, therefore, increasing our position in the portfolio.
- DBS Group Holdings (DBSDF)– Market Trend. Increase in the Financial sector
- Telenet Group Holding (TLGHY)– Intra-sectoral transaction. In the top of its sector.
- Husqvarna AB (HUSQF) – Intra-sectoral transaction. In the top of its sector.
- Neste OYJ (NTOIF) – Intra-sectoral transaction. In the top of its sector.
- Ping An Insurance (Group) Co. Of China (PIAIF) – Intra-sectoral transaction. In the top of its sector.
- Ashtead Group (ASHTF) – Intra-sectoral transaction. In the top of its sector.
- Shionogi & Co (SGIOF) – Intra-sectoral transaction. In the top of its sector.
- Nexon (NEXOF) – Intra-sectoral transaction. In the top of its sector.
Outs:
- Brookfield Infrastructure Partners L.P. (BIP)– Market Trend. Decrease in the Utilities sector as seen in the Top 100 index, therefore, decreasing our position in the portfolio.
- Brookfield Infrastructure Corporation (BIPC)– Market Trend. Decrease in the Utilities sector. This company was in our portfolio following a unit split equivalence from Brookfield Infrastructure Partners L.P (BIP).
- Enersis (Enel Américas) (ENIA)– Market Trend. Decrease in the Utilities sector
- Arcos Dorados Holdings (ARCO) – Intra-sectoral transaction. No longer in the top of its sector.
- Michael Kors (Capri Holdings) (CPRI) – Intra-sectoral transaction. No longer in the top of its sector.
- Transportadora (TGS) – Intra-sectoral transaction. No longer in the top of its sector.
- Bank of N.T Butterfield & Son Limited (NTB) – Intra-sectoral transaction. No longer in the top of its sector.
- Banco Santander Brasil (BSBR) – Intra-sectoral transaction. No longer in the top of its sector.
- Taro Pharmaceuticals (TARO) – Intra-sectoral transaction. No longer in the top of its sector.
- NXPI Semicondutors N.V (NXPI) – Intra-sectoral transaction. No longer in the top of its sector.