The Market Matters International Equities Portfolio is a high conviction direct international equities portfolio that targets well known global brands – Click here to view
MM’s International portfolio fell -2.12% in tough / volatile week for stocks, not surprisingly Exxon Mobil (XOM US) was the standout performer while Zoom (ZM US) again frustrated us. We are still holding 9% in cash with 2 moves on our mind at present as we continue to look at ways to take advantage of the current market jitters, unfortunately Glencore (GLEN LN) has remained resilient hence we’re currently considering the following two moves:
- Wells Fargo (WFC) – we are looking to increase our holding from 5% to 7% into the current pullback looking for fresh 2021 highs.
- JP Morgan (JPM US) – similarly to WFC we are looking at JPM although its been strong over recent weeks making good risk / reward entry a touch harder.
MM is looking to increase our US banking exposure via one of the above
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