The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here.
There were three changes to the buy ratings, but no changes to the model portfolio, and last week’s covered call sales are addressed in the following discussion topic:
The executive summary is as follows:
In advance of another important monthly labor report this Friday, mixed economic data helped push U.S. stock indexes to new record highs, a development that was aided by a weaker U.S. dollar as the euro rose to its highest level of the year. Safe-haven demand for U.S. Treasuries, due in part to unrest in the Ukraine and possible Russian military action, resulted in bond prices moving higher as well.
The natural resource sector added to its recent gains as share prices rose with broad equity markets, but a plunge in natural gas prices unnerved investors as it reversed all of the recent cold-weather related surge. REITs rose, precious metals were mixed, and mining stocks fell, but all three maintain impressive year-to-date gains as the model portfolio fell 0.1 percent last week, now up 6.2 percent for the year.