Category: Models
Portfolio: U.S. Stock Only
Noble, Occidental Petroleum, NetApp out of portfolio. Gilead Sciences added to current position. Allergan and Scana new to portfolio. Sectors weights improved as a result of today’s changes. Financials were reduced by 0.6 percentage points thereby reducing the overweight condition. The same is true for Information Technology. The earlier underweight condition in Health Care was also improved by adding 2.1 points to the overall allocation. The sector is now within 0.2 points of the target allocation. Utilities also improved by reducing the earlier underweight position by 0.8 points and now the allocation is within 0.1 points.
Portfolio: Global Index
Financials reduced by 0.7 percentage points, Consumer Staples increased by 0.5 points, Telecomm increased by 0.3 points and Utilities reduced by 0.2 points.
Portfolio: U.S. Sector Only: LargeCap
The portfolio described in this report is designed to provide a market exposure according to the relative fair valuation of each sector within the LargeCap market. Sectors that are currently the most overvalued are reduced in allocation in proportion to the degree of overvaluation while sectors that are the most undervalued will see an increase in allocation in proportion to the degree of undervaluation. This is done to place investments in the area of highest probability in improving the portfolio.
Portfolio: U.S. Stock Only
The U.S. Stock Only portfolio has a single stock that has reached overvaluation, ArcBest. The company is a SmallCap aspirational stock that is probably best known by the transportation company by the name ABF Transport. ArcBest is considered an Industrial stock in the Transportation industry. The stock was added to the portfolio in 2017 and has grown considerably generating a return on 49.9%.
U.S. Stock Portfolio – Update
The U.S. stock only portfolio had one stock that reached an overvalued level and has been retired from the portfolio. The stocks is Diamond Offshore.