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Service Change: Apergy Added, Impax Laboratories Dropped
Impax Laboratories [IPXL] is no longer included in the analysis because it is merging with Amneal Pharmaceuticals. Apergy Corp. [APY] has been added to the service.
Bruce’s U.S. View
If one has a Rip van Winkle approach we have been in a bull market for the entire period. As it unfolded, however, it certainly did not seem like that. The longest charts begins with a decade of going nowhere but also containing what at the time was a severe crash. With the rate cuts in 1982 a PER multiple bull market began that only ended with the TMT dot com crash. Since then it has been a volatile sideways market until post financial crisis. The slope of the advance is similar to the 1982-2000 period.
U.S. AllCap Active Model Portfolio
Hess and Marathon Petroleum become Overvalued and Leave the Portfolio Model. Alliance Data Systems added. Investing in Information Technology was designed to reduce the existing 6.7% underweight to LargeCap technology. The buy of Alliance Data has successfully reduced the underweight to 5.2%
Stock Fair Value Report: U.S., Update
New stock ProPetro Holdings [PUMP] has a fair value of $18/share and Signature Bank drops $3/share to $131.
Stock Consideration Change Report: U.S.
Buy Watch considerations grow by 6 names. Bristol-Myers Squibb, Qualcomm and Molson Coors are starting to look attractive.