This post is in reference to our latest model portfolio update, The Best 24 Stocks for 2016.
Woodward, Inc. (NASDAQ:WWD) reached its price target and will be assumed closed at the end of trading on January 19, 2016. The stock is down -9.50% MTD for the equivalent theoretical short sale gain.
For the MTD the theoretical long models are down -11.13%, and stocks in the theoretical Core Short Model portfolio are down -15.41% for the equivalent short sale gain. The Core Long/Short model is up 4.28% MTD.
The Opportunistic Short Model portfolio has assumed a 100% cash position since just prior to the January 7 close with a theoretical gain of 9.96%. The Opportunistic Long/Short model is down -1.17% MTD.
MTD the S&P 500 is down -8.22%.
For detailed tables with the latest model portfolio 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.