|Day Low/High||10.33 / 10.63|
|52 Wk Low/High||5.60 / 11.12|
We made several moves in the portfolio during a volatile week, and a slew of economic reports next week could keep the market on edge.
Cramer is avoiding Chicago Bridge & Iron and Consol Energy.
Deutsche Bank's problems have investors worried about another Lehman failure, Cramer says.
We continue to screen new names amid a week of volatility in the broader market.
We added one new name to the Bullpen during a holiday-shortened week that ended with the worst daily decline since late June.
We added to two portfolio positions this week and also used market strength to book some profits.
In a largely quiet week for the market, we exited one position and trimmed 2 others, booking profits in each case.
We used market volatility to add a new position this week and add take profits in another holding.
We used market volatility this week to close one position and add to two others.
The stock is trading 55% above our cost basis, and we are locking in some gains.
CECE has beaten consensus profit estimates 4 of the past 5 quarters.
It was a busy time of earnings reports for the model portfolio, as the market rose for the sixth straight week.
U.S. stocks reached a 5-week winning streak, but our model portfolio did not engage in any trades this week.
Stocks have gained for 4 consecutive weeks and remain overbought, as evidenced by our model portfolio’s 30% cash position.
At current levels, the name is trading 53% higher than where we last bought it back in March.
With the market appearing overbought on a number of metrics, the model portfolio may favor booking profits.
Stocks rose for the week and June posted a better-than-expected jobs report, however, the model portfolio did not conduct any trades.
Although stocks rebounded during the week post-Brexit selling, we increased our positions in 3 of our model portfolio holdings.
Financials were among the hardest hit after the Brexit vote, prompting our model portfolio to add to our banking stocks.
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of CECO Environmental Corp. were yielding above the 3% mark based on its quarterly dividend (annualized to $0.264), with the stock changing hands as low as $8.21 on the day.
With market weakness expected to continue to linger, our model portfolio considers it a potentially good time to buy.
Looking at the universe of stocks we cover at Dividend Channel, on 6/15/16, CECO Environmental Corp. will trade ex-dividend, for its quarterly dividend of $0.066, payable on 6/30/16.
We trimmed two positions in the model portfolio this week amid overall market strength.