Trade Alert – Equity & ETF Model
We added to our energy exposure a couple of months ago, expecting a counter-trend rally in energy stocks from a move higher in oil prices. Shortly afterward, the conflict between Israel and Gaza escalated and spilled over into Iran. With the situation stabilizing, oil prices have peaked short-term, so we will rebalance our energy holdings back to target to capture some of the recent gains.
Equity Model
- Reduce Exxon Mobil (XOM) to 1.25% of the portfolio
- Sell down Diamondback Energy (FANG) to 1% of the portfolio.
- Reduce OneOk (OKE) to 1.75% of the portfolio.
ETF Model
- Reduce iShares Energy ETF (XLE) to 4% 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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