This is an update to our latest model portfolio report, 26 Stocks for July 2017.
A short sale position in Agrium Inc. (AGU) reached a stop loss in the theoretical short sale model portfolios today. This position, up +8.13% MTD for the assumed MTD inverse short sale loss of -8.13%, will be assumed closed at the end of trading tomorrow.
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.