The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here.
There will be no changes to the buy ratings, but one change to the model portfolio this week, the latter subject covered in the first discussion topic below along with some thoughts on the current covered call sales:
- Adding to a Position in the Natural Resource & REITs Category
- Checking In On the Recent Covered Call Sales
The executive summary is as follows:
More disappointing economic data from the U.S., China, and other parts of the world sent most asset prices sharply lower early in the week, but markets staged an impressive rebound just days later as investors appear to have become emboldened by the idea that the recent weakness in share prices was simply a much needed correction. U.S. stocks saw their first winning week in 2014, emerging market shares recovered some of their recent losses, and safe have assets were bid higher as well.
The natural resource sector saw its biggest gains of the year as the U.S. oil price is again testing the key level of $100 a barrel and prices for agricultural goods rose, in part due to the worsening drought in the Western U.S. REITs continued to rebound but precious metals and related shares remain this year’s top performers as the model portfolio rose 1.6 percent, now up 3.0 percent for the year.