Author: Bob Freedland
Covestor model: Sustained Momentum
Disclosures: AAPL, AMZN, DIS, JWN, MORN, MSFT, PETM, VIVO, VRX, HOLX, CL
The strongest stock in the model remained PetSmart (PETM) with HOLX sitting at the #10 position – most vulnerable for replacement. The other stocks include Amazon (AMZN), Nordstrom (JWN), Disney (DIS), Valean (VRX), Apple (AAPL), Morningstar (MORN), Microsoft (MSFT) and Meridian Bioscience (VIVO).
I continue to monitor the other 40 stocks that aren’t part of this model yet compete for inclusion based on their own performance.
I am hopeful that this model may over time show increased performance as long-term winners take positions in this group of ten stocks.
The model has done well for the most part, keeping up with the S&P and trailing by 3% as of August 13th. However, it will take a longer period of time to evaluate this performance in a meaningful fashion. I do know that the mechanical nature of inclusion and sale of holdings keeps me from selling stocks on market downturns or chasing winners as they climb in price.