We are taking profit on APA Group (APA) in the Active Growth Portfolio only (retaining the position in the Income Portfolio). APA has enjoyed a strong rally, and we remain positive from a yield perspective (~5.6%), though we see limited growth from here. We are taking a ~50% profit, and will be addressing this from a capital gains perspective with some further tweaks to the portfolio in the coming days.
MM is selling APA in the Active Growth Portfolio (only), taking a profit around $10.40
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We are buying South32 (S32) to increase our exposure to Aluminum, Copper & Manganese, with a small Silver kicker. We are bullish on the outlook for commodities, and see S32 as well placed to capture this momentum.
MM is buying S32 in the Active Growth Portfolio, targeting a 4% weighting around $4.20
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