Cyclicals slipped out-of-favor after Caterpillar’s recently released downbeat outlook. Big-cap companies tied to worldwide sales have suffered, giving us a chance to buy more shares of Deere (DE) at prices lower than our first entry.
We already own 40 shares in the Virtual Value Portfolio. Today, we added 30 more shares at $82.56, bringing Market Shadows to a full-sized position (approximately 5% of the total portfolio).
The $2,477 investment will come from our cash reserves which were bolstered recently by sales of Heidrick & Struggles (HSII), Life Time Fitness (LTM) and Air Products (APD). All three of those investments were closed with a profit.
See details of current holdings as well as previously closed-out transactions: http://marketshadows.com/virtual-portfolios/virtual-portfolio/.