This is an update to our latest model portfolio report, 26 Stocks for July 2017.
A short sale position in Symantec Corporation (SYMC) hit a stop loss target in the theoretical model portfolios yesterday July 12, and the position was assumed closed at the end of trading today.
For the month to date, the theoretical Core Long Model is up +2.44% versus the S&P 500 up 1.01% and the SPDR S&P 500 ETF (SPY) up +1.09%. Stocks in the theoretical Core Short Model are up +0.85% for the assumed inverse short sale loss of -0.85%. The theoretical Core Long/Short Model is up +1.60%.
The theoretical Opportunistic Long Model, at 70% stocks 30% cash, is up +1.71% MTD. The theoretical Opportunistic Short Model, at a 100% stock allocation, is down -0.85%. The Opportunistic Long/Short theoretical model is up +0.86% MTD.
The Opportunistic Model uses the same basket of stocks as the Core Model, but additionally uses a cash allocation strategy. The Opportunistic Long Model assumed a 100% stock allocation just prior to the close today.
Updated stock price targets and returns are provided below.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: As a simple quantitative model based on fundamental rankings, the portfolio models do not take into account rumors or pending M&A transactions. Theoretical return data reflect simple cumulative returns (not compound returns) and do not assume the impact of costs such as execution fees, margin fees, slippage, the availability of stocks for short selling, or any other kind of cost. 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.