This is an update to our model portfolio report, 28 Stocks for December 2016.
Under Armour, Inc. (NYSE:UA) achieved its short sale price target today and the position will be assumed closed and replaced with cash in the theoretical short sale model at the end of trading tomorrow. The stock is down -12.24% MTD for the equivalent short sale gain.
Three other stocks in the theoretical Short Model portfolios hit stop losses today - these include Sensata Technologies Holding NV (NYSE:ST), Autodesk, Inc. (NASDAQ:ADSK), and Credit Suisse Group (NYSE:CS). MTD these stocks are up +6.93%, +10.65%, and +16.42%, respectively, for the equivalent short sale losses.
MTD stocks in the long models are up +3.43% and stocks in the short model are up +1.58%. The corresponding long/short model portfolio is up +1.85% (3.43% -1.58% = 1.85%).
The S&P 500 is up +1.93% MTD.
Updated price targets and return data is available at jstephencastellano.tumblr.com.
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in OR SHORT POSITION over 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.