Trade Alert – Equity Model
On Thursday, Costco (COST) will announce earnings. The stock has had a huge run and is pushing 2-standard deviations overbought. It is 4% in our model but over 4.5% in the portfolio. We are reducing the position back to the target model weight today. Even good earnings may not be enough to push the stock markedly higher from current levels. We will add back to the position when the stock corrects in price.
Equity Model
- Reduce Costco (COST) back to target portfolio weight of 4%.
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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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