Trade Alert – Equity Model Only
The drubbing in stocks this past week has opened up an opportunity to add to beaten-up holdings. Today, we are using the earnings-driven sell-off in Abbvie (ABBV) and Google (GOOG), both of which had strong earnings and revenue growth, to add to those stakes.
Technically, both are pretty washed out and should turn to buy signals shortly. With the additions, GOOG is now 3.5%, and ABBV is at our maximum holding of 5%.
Equity Model
- Increase Abbvie (ABBV) to 5% of the portfolio.
- Increase Google (GOOG) to 3.5% 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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