Sell: Nic Inc. (EGOV) and Drew Industries, Inc. (DW)
From Validea Hot List Newsletter
Updated from WSBI 783, July 20, 2016 and WSBI 787, November 16, 2016
After a lackluster 2015, the stock market bounced back strongly in 2016. But more importantly, there was a major change in market leadership, with small-caps and value stocks overtaking the large growth companies that dominated the two years before. As we rebalance the Validea Hot List, these two stocks leave our portfolio: Nic Inc. (EGOV; recommended in WSBI 783, July 20, 2016), and Drew Industries, Inc. (DW, recommended in WSBI 787, November 16, 2016)
John Reese, Validea Hot List Newsletter, www.validea.com, 877-439-0506, December 16, 2016