|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||24.60 / 39.28|
Though we maintain our cautious outlook on the market, we made several adjustments to the model portfolio this week.
We closed one model portfolio holding, trimmed one and boosted another this week, undeterred by the sour market mood.
Resolute Energy (NYSE:REN) hit a new 52-week low Wednesday as it is currently trading at $8.57, below its previous 52-week low of $8.62 with 344,846 shares traded as of 1:30 p.m. ET. Average volume has been 730,500 shares over the past 30 days.
Amid the lackluster action this week, we slightly increased one model portfolio position and lowered our rating on another.
This name announced mostly in-line results, but we are concerned about management's execution. Also, a market update.
Resolute Energy (NYSE:REN) hit a new 52-week low Tuesday as it is currently trading at $9.56, below its previous 52-week low of $9.70 with 453,655 shares traded as of 11:15 a.m. ET. Average volume has been 665,900 shares over the past 30 days.
This week, we booked gains in seven model portfolio names, added shares to two and lowered our rating on four others.
We're giving this movie theater chain a haircut into its report. Plus, earnings previews for this and two other holdings.
The market may be skittish, but that didn't stop us from taking gains in one model portfolio position to fund another.
Earnings season has been kind to the model portfolio, as we've taken gains in two names and seen some strong earnings.
This week, we trimmed two positions in the model portfolio to raise some cash and give ourselves some flexibility.
With earnings season nigh and a queasy tape, we added to one name this week, as we are cautious but open to opportunity.
As the markets ended a fantastic quarter this week, the model portfolio posted a great quarterly gain.
As fear and doubt returned to the market this week on mixed domestic data, we added two new positions to the model portfolio.
Knowledge is power. Few companies know this better than Reed Elsevier.
As financials soared this week, pulling the broader exchanges higher, we locked in a very good gain in a model portfolio name.
We are buying additional shares of this energy name, which we no longer consider to be a growth play.
This week brought an improving employment picture, but we are maintaining caution regarding the model portfolio.
This company announced its 2012 production guidance last night and will hold its fourth-quarter earnings call on Monday.
Uncertainty and doubt entered the market this week, but we built up three model portfolio names that have done well in a difficult tape.
Resolute Energy (NYSE:REN) hit a new 52-week low Friday as it is currently trading at $10.39, below its previous 52-week low of $10.44 with 757,935 shares traded as of 2:30 p.m. ET. Average volume has been 639,400 shares over the past 30 days.
As continued positive reports on the U.S. economy posted this week, we locked in strong gains from three trades in the model portfolio.
Better-than-expected economic data came in this week, and we sold some shares of two model portfolio names, locking in good gains.
We added a new name to the model portfolio this week, as we continued to see an improving domestic economy.
As the market improved this week, we made a few trades to the model portfolio, including trimming a name for a very good gain.
We made many trades in the model portfolio this week as the market tape is begining to feel a bit heavy.
The market continued to press higher this week, and we made no trades in the model portfolio.
The market was able to look past European headlines this week, and we added a new name to the model portfolio.
This week, the market reacted favorably to strong domestic economic news, and we made no trades in the model portfolio.
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