Trade Alert – Equity And ETF Models
The Staples sector is getting grossly oversold versus the market. Over the past few weeks, we have seen other sectors, like materials, industrials, and transportation, get deeply oversold and then outperform. Staples is likely next in line. We added KO as it is slightly oversold versus the staples sector, near good support, and turning up on multiple buy signals.
Equity Model
- Initiate of 2% position of the portfolio into Coca-Cola Co. (KO)
ETF Model
- Add 2% of the portfolio to the existing position in the iShares Staples ETF (XLP)
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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