Basic Materials Returns

Description

Basic materials above $200M, covering miners, chemicals and metals. Names are ranked on the positive-head score minus the negative-head score, together with price against analyst target. Analyst rating is not a ranking key in this sleeve. Holds up to 6 names for 6 to 8 days, with a 20% stop-loss on every position.

Strategy

Equal capital is invested in every stock recommendation. Recommendations are published a few hours before the open, and each one is placed as a market order with a 20% stop-loss attached, so buys and sells fill at the opening price. If the price touches the stop during the day, the position is sold there, at 80% of its entry price. Positions are held for 6 to 8 days. Analyst rating is not used as a ranking key in this sleeve. Reported returns are measured from those opening prices and include every stop-loss exit.