This is an update to our latest model portfolio report, 33 Stocks for June 2017.
H&R Block, Inc. (NYSE:HRB) reached its price target in the theoretical long model portfolio strategies. The position will be assumed closed at the end of trading tomorrow.
Mattel Inc. (NASDAQ:MAT) reached its price target in the theoretical short sale model portfolio strategies and will be assumed closed at the end of trading tomorrow.
John Bean Technologies Corp. (NYSE:JBT) hit a stop loss in the theoretical short sale model portfolio strategies and will be assumed closed at the end of trading tomorrow.
For the month to date, the theoretical Core Long Model portfolio is up +2.18%. The S&P 500 is up +1.72% and the SPDR S&P 500 ETF (NYSEARCA:SPY) is up 1.34%.
MTD the theoretical Opportunistic Long Model portfolio is up +0.96%.
The theoretical Core Long/Short Model portfolio is up +2.78%, and the theoretical Opportunistic Long/Short Model portfolio is up +1.57%.
(The Core and Opportunistic models use the same basket of stocks, but the Opportunistic model uses an additional cash allocation strategy. The Opportunistic Long model is expected to assume a 30% cash 70% stock position through at least July 13, 2017.)
Updated price targets and returns are provided below. (Portfolio return data is recorded on a simple cumulative return basis and does not include any assumptions for execution costs, slippage, margin, short sale availability, or any other kind of cost.)
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. We do our best to provide accurate information in this report, but do not guarantee its accuracy.