Why we like financials and technology stocks

By Matthew Pierce

The Island Light Sector Rotation portfolio was updated for November as part of our regular monthly rebalancing.

The strategy, which employs an advanced algorithm for capturing market momentum in an optimized portfolio of US sectors, is the latest in a series of innovative dynamic portfolio models offered by Island Light.

For the month, we increased our exposure to the US financials and technology sectors.

 

New York-financial-capital

 

At the same time, we reduced or eliminated exposure to consumer staples, consumer discretionary, healthcare, industrials, materials and utilities sectors.

Relative to the S&P 500 sector weights, we are overweight to financials and technology.

The following table reflects the performance of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through October 31, 2014:
Island-Sector-Series

Click to Enlarge

 










Like what you read?

Subscribe to our once-weekly email newsletter and get the best posts delivered to you in one convenient place, to browse at your leisure:

 

Photo Credit: M M via Flickr Creative Commons

DISCLAIMER: The investments discussed are held in client accounts as of October 31, 2014. 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.
Matthew Pierce

Matthew Pierce

Island Light Capital Corporation is an investment advisory and consulting firm that specializes in the development of optimally diversified investment

More from Stocks

Never Buy Stocks Based on Unusual Call Activity: Doug Kass Insider

Never Buy Stocks Based on Unusual Call Activity: Doug Kass Insider

Will Tesla Stock Tumble 33% to $195?

Will Tesla Stock Tumble 33% to $195?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump