Trade Alert – Equity & Divided Growth Model
This morning, we added 1% of Genuine Auto Parts (GPC) to the equity model. This purchase will bring our discretionary exposure in line with the sector model. If personal consumption continues to weaken, GPC should benefit as consumers keep their cars for longer periods, thus require more repairs. On a technical basis, the stock has already corrected decently this year and is turning higher. It is a value stock with a Forward P/E of 15 and P/S of .93, and pays a 2.5% dividend.
We also sold the shares of SOLV received in the spinoff from our 3M (MMM) holdings in the dividend equity model. This was a dividend, so we moved it to cash and will reallocate those funds elsewhere in the model.
Equity Model
- Initiate a 1% portfolio position in Genuine Auto Parts (GPC)
Dividend Equity Model
- Sell 100% of the shares of SOLV.
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Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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