Portfolio Trade Alert – October 3, 2023

By Lance Roberts | October 3, 2023

Trade Alert – Equity Model

We sold Stryker Medical Devices (SYK) in the equity model and added 1% to Duke Energy (DUK.) SYK was an AI play that is not working at present and broke out stop loss. In the ETF model, we still own the Medical Device Makers ETF (IHI), which is currently well into 3-standard deviation oversold territory, so we are looking for a bounce to sell that position in the sector model.

DUK and the utility sector are extremely oversold. DUK sits on a very dependable support line for over ten years. Its yield is now just under 5%. XLU is already at 4% in the sector model, so we are leaving it as is for now.

Equity Model

  • Sell 100% of Stryker Medical (SYK)
  • Add 1% to Duke Energy (DUK)

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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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