This is an update to our latest model portfolio report, 23 Stocks for February 2016.
Sunoco Logistics Partners LP (NYSE:SXL) has reached a short sale target in our theoretical Core Short Model portfolio and will be assumed closed at the end of trading February 12, 2016. SXL is down -23.3% MTD for the equivalent short sale gain.
For the MTD, the theoretical Core Long/Short Model portfolio is up +6.89%, with a loss of -7.40% on the long side being more than offset by a gain of +14.29% on the short side.
Our theoretical Opportunistic Long/Short Model portfolio is up +4.46% MTD.
The S&P 500 is down -5.85% MTD.
For tables of updated price targets and returns, 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.
Additional disclosure: There are limitations inherent in our theoretical model results, particularly with the fact that such results do not represent actual trading and they may not reflect the impact material economic and market factors might have had on our decision making if we were actually managing client money.