Portfolio Trade Alert – February 7, 2023

By Lance Roberts | February 7, 2023

Trade Alert For Equity Model Only

This morning we sold our stake in Goldman Sachs (GS) after a recovery rally following rather disappointing earnings results for the 4th-Quarter. While we like the investment bank longer-term, the near-term problems with its retail banking division may remain problematic for the rest of this year. We are taking our gains for now.

We are adding 1% of our portfolio to Nextera Energy (NEE) which has been under extreme selling pressure with the recent rise of interest rates. With the overall market overbought short-term, particularly technology, we expect a rotational trade back to risk-off soon. Such should benefit utilities which, like NEE, are extremely oversold.

Equity Model

  • Sell 100% of Goldman Sachs (GS)
  • Increase Nextera Energy (NEE) to 2% of the portfolio.

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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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