Trade Alert – Equity Model Only
Earlier this week, we added 1% to our position in the Vanguard Megacap Growth ETF (MGK) in the ETF Model. We didn’t do anything in the Equity model at the time as we were waiting for Nvidia (NVDA) to break above its recent consolidation/correction channel. That breakout occurred yesterday. Therefore, after taking profits out of the position previously, we are underweight NVDA in our portfolio, adding 0.5% to the position to balance it across our model. Technically, the stock is a little overbought short-term, so this addition may not provide an immediate benefit. However, the recent report from Micron (MU) suggests the demand for AI chips remains alive and well.
Equity Model
- Add 0.5% to the existing position in Nvidia (NVDA)
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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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