The Global Opportunities model portfolio has recently been updated. Changes to the model include as follows:

Buy Cash

     10.5% Total Allocation 

Sell Walgreen Co. WAG

     Entire Position

Sell Potlatch Corp PCH

     Entire Position

Sell St. Joe Co. JOE

      Entire Position

Sell McDonalds Corp MCD

      Entire Position

Sell Wells Fargo & Co. WFC

      Rebalance To Target Weight Of 2%

WAG, PCH and JOE were reduced because their stock prices had exceeded our targets. The fundamentals do not support their current stock prices. McDonald’s was reduced due to poor stock performance. While the company continues to execute, it appears that the stock price already reflects those improved fundamentals. The position in Wells Fargo, after a large rally, had become too large and needed trimming. WFC is still positioned well for the economic recovery, but the dilutionary effects of their recent stock offering limits further upside at this time.

For the complete list of holdings, or for the breakdown of the model portfolio’s asset allocation, as well as its track record, please refer to the Global Opportunities model page.