Stock Fair Value Report: U.S.
Overvaluation pressures have moved valuations back to mid-teens / low-twenties while market returns have been lackluster. U.S. AllCap return, year-to-date, is flat at (0.57)% giving credibility to the point that investor expectations are still positive, but not as euphoric as earlier in the year when valuations were in the high twenties. LargeCap has moved up the most, 5.0 percentage points, followed by MidCap advancement of 2.2 points followed by SmallCap with an increase of 1.7 points. It is interesting that SmallCap is the leader in gains so far this year at 1.76%
U.S. LargeCap Active Sector Portfolio
Information Technology remains the largest sector at 24.5% weighting, but drops to 15.1% if Stability is sought.
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 Consideration Change Report: U.S.: Update
Hold consideration drops another point to 57% as Sell moves to 25% and 7 new names join Sell Watch consideration.
Stock Fair Value Report: U.S.: Update
Align Tech, Amphenol, Boeing, CONMED all earn higher fair values. Chipotle Mexican Grill, Echo Global Logistics, Evercore, Ultra Clean move lower.