Last week, I added Nacco Industries Inc [NC] to the portfolio with an investment of $1,000. This means I will not make the usual $250+ purchase for this week and the following two weeks. This maintains the $250+ per week average.
But I know what you’re asking. Which stock would have been the chosen one?
The filtering and rankings were done as usual and four of the portfolio holdings appeared in the Top Ten: MMM, QCOM, TDS, and NC. The first three tickers became the three most heavily weighted stocks in the portfolio. Adding to any one of them would have introduced a breach of the weight constraints and so NC first became eligible for the portfolio last week. Likewise, it would have been the purchase for this week.
Here are the stock and sector weight checks as of Friday’s close:
