Both 3D Systems (NYSE: DDD) and the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) have performed well for the Covestor Opportunistic and Adventurous portfolio recently. I see no reason to change anything.
I realize that a price-to-earnings ratio of 150 (as of November 5) for DDD is quite high. But in my opinion that’s mainly due to the fact that the company is throwing most of its profits back into R&D, as well as acquiring small companies with useful software and hardware innovations.
I believe that 3D Systems remains the preeminent company in an area that’s set to transform manufacturing. The company has been getting some good press recently, so that’s helped the stock price.
As for IBB, I’ve considered selling the fund and switching over to Illumina Inc. (NASDAQ: ILMN), which I personally consider a sound company.
However, this portfolio already has so much volatility in it, so I’ve decided to stick with IBB, since it’s a reasonable way of spreading my bets on an area of the economy that is most likely to catch fire.
I’m going to keep an eye on Robo-Stox Global Robotics & Automation Index ETF (ROBO). aOne downsides is that it charges a fairly high fee and some of its selections, like John Deere (NYSE: DE), are a little questionable from my point of view.
The investments discussed are held in client accounts as of October 31, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable. Past performance is no guarantee of future results.
The post Core holding 3D Systems continues to deliver appeared first on Smarter Investing
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV