Q: The new additions to the growth portfolio appear very conservative. Especially after past picks such as xbc, qst, and mrs. Has the methodology of the growth portfolio changed? Big bounce potential? STN is near ath.
5i Research Answer:
New highs do not worry us, and we typically see them as a confirmation. STN has been in our portfolios before and we like the industrial segment. We have some more changes coming in our next update, and do think there will be a small cap January bounce. Certainly these are larger companies, but in an uncertain environment we are OK with that.