The Weekend Update is Now Available

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 model portfolio or the buy ratings this week, but last week’s covered call sales are covered in the following discussion topic:

• Last Week’s Covered Call Sales

The executive summary is as follows:

Ongoing violence in both Ukraine and Gaza combined with some disappointing earnings results for some major corporations and U.S. stocks gave back a small portion of their recent gains as prices were bid higher for safe haven investments such as U.S. Treasuries. Ahead of another Federal Reserve meeting and a big week of economic data, last week’s reports indicated the U.S. economy may have trouble meeting even the recently lowered growth forecasts, though the outlook has turned more positive in China.

After six straight weeks of gains, precious metals ended lower for the second week in a row and the rest of the natural resource sector continues to struggle. Energy stocks rose once again (though oil prices were little changed) and REITs fell as the model portfolio rose 0.2 percent, now up 9.7 percent for the year.

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