Trade Alert – Equity & ETF Models
This morning, we added 1% to XOM, bringing it back up to 3%. We also added 1% to XLE in the sector model. We had sold both a few weeks ago as they were significantly overbought. Both have fallen decently since then, along with oil prices. The purchase of Pioneer pushed Exxon down almost 5% yesterday. The deal is dilutive to Exxon shareholders but is expected to provide significant synergies and provide Exxon with dominance in the Permian Basin. The Permian Basin has some of America’s cheapest oil to drill.
- Increase Exxon Mobil (XOM) to 3% of the Portfolio.
- Increase the iShares Energy ETF (XLE) to 3% of the Portfolio.
Want These Alerts Via TEXT?
To receive trade information via text, click on your user name in the upper right corner of the website. Then click My Account and the title SMS Notification Preferences.
NOTE: You must add your country code in front of your number. The U.S. code is 1.
Please let us know if you have any problems.
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
Customer Relationship Summary (Form CRS)