Trade Call: Adding META on a Buy Signal

1 day ago

Michael Lebowitz

"We did all these trades Monday or Tuesday. We added a 2-3% to both our equity and sector models. We brought some positions up to where we wanted to. We added to Meta. We’ve been wanting to do that for a while and it sold off. It came on a nice buy signal so we added to it. We added to Kinder Morgan, that’s our pipeline. JP Morgan got beat up on earnings and we took advantage of that. And I believe we added a little bit to Amazon as well."

Michael Lebowitz describes a tactical rebalancing in which his team increased their exposure to stocks after a sell-off. He specifically mentions adding to Meta on the strength of a buy signal after the stock sold off, indicating a confident, trend-following approach in the near term.

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