This class evaluated the Sector Selector tool to discover a brand new sector on top (for the first time in over 3 months). Some industries that assisted the market's bounce last week included Insurance and Semiconductors. We then reviewed our portfolio for stocks to kick out and we landed upon an oil stock for that designation. We then bought a Communications stock at the end of class to replace it with.
This options class reviewed the nine open trades remaining; several of them are expected to roll off our books this Friday, with the November option expiration. We'll likely be inviting a new stock to our long term portfolio during that period. We then looked at a water utility stock versus a food company in our head-to-head matchup.
© 2023 · Market Scholars.