Investing
Argus Changes Model Equity Income Portfolio Picks (RIG, AMAT, BMY, COP)
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Argus is truly considered to be independent research firm, so it is not full of the traditional possible conflicts on interest seen in other Wall Street broker sell-side drive research. The firm has made several key changes to its model portfolios and this first group deals with stocks with payouts of dividends.
In the Equity Income portfolio, the changes are to ADD shares of Transocean Ltd. (NYSE: RIG), for 3.8% of the portfolio, and Applied Materials Inc. (NASDAQ: AMAT), for 3.2% of the portfolio. The firm says to DROP all of its shares of ConocoPhillips (NYSE: COP) and to drop all of its position in Bristol-Myers Squibb Co. (NYSE: BMY). The comments are as follows:
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