|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||2.80 / 7.58|
We used market volatility to add a new position this week and add take profits in another holding.
The Contract Has a Total Potential Value of Over $33 Million If All Options Exercised
We used market volatility this week to close one position and add to two others.
Good news may be a positive for the market once again.
It was a busy time of earnings reports for the model portfolio, as the market rose for the sixth straight week.
The market action is solid today as my hunt for individual stock picks continues.
The stock is up 15% after management delivered better-than-expected results.
Ballantyne Strong, Builders FirstSource, Kratos Defense & Security and Therapeutics MD are on tap for after-hours releases.
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.
The Contract Has a Total Potential Value of $44 Million if All Options Exercised
With the market appearing overbought on a number of metrics, the model portfolio may favor booking profits.
Company has already announced $54 million in new contracts in July, after a similar amount last month.
Base Cost-Share Contract Award of $40.8 Million, with Potential Additional Government Funded Technology Spirals of Approximately $100 Million
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.
Kratos should continue to benefit from rising demand for unmanned vehicles and cybersecurity.
Establishes One of the First High Baseline Authorizations for Cloud Environments for Federal Agencies
Financials were among the hardest hit after the Brexit vote, prompting our model portfolio to add to our banking stocks.
Bank has no direct exposure to the U.K. or Europe and should continue to deliver above-average growth.