Trade Alert – Dividend Equity Model
In recent months, Philip Morris International (PM) has had a huge run and is up 27% in the portfolio. With the stock extremely overbought and deviating from long-term means, we will take the gains and look for a suitable replacement. With most dividend stocks very overbought, we will likely need a correction or general market rotation to provide a better entry point. We will be patient here in the short term.
Equity Model
- Sell 100% of PM
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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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