This post is in reference to our latest model portfolio update, The Best 24 Stocks for 2016.
For the month to date, seven stocks in our theoretical short models have reached price targets.
The four stocks that reached their targets on Friday, January 8, 2016 are:
Platform Specialty Products Corporation (NYSE:PAH), Yandex N. V. (NASDAQ:YNDX), Colfax Corporation (NYSE:CFX), and Albemarle Corp. (NYSE:ALB), which have declined -26.5%, -14.6%, -13.1%, and -12.5% for the month to date, respectively, for the equivalent short sale gains.
These stocks will likely be assumed closed at the end of trading on Monday, January 11.
For the month to date, our Core Long Model portfolio and Opportunistic Long Model portfolio are down -7.89% versus a decline of -6.09% in the S&P 500.
MTD the Core Short Model portfolio has theoretical short sale gains of +12.11%.
MTD the Opportunistic Short Model portfolio, which moved to a 100% cash position at the January 7 close, has posted a theoretical short sale gain of +9.96%.
The Core Long/Short Model portfolio is up +4.23% and the Opportunistic Long/Short Model portfolio is up +2.08%.
For tables of updated returns and stock price targets, please visit us at jstephencastellano.tumblr.com.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.