Valuation Rating Update & Model Portfolio Selections for November 2024

The stock market has been very volatile recently and we are seeing the valuation ratings for the stocks in our investable universe change almost daily.

There are 10 rating changes since last week, let’s break them all down and then take a look at the stock selections for each model portfolio. There is 1 rating downgrade and 9 rating upgrades.

1. Garmin (GRMN) has been downgraded from a BUY to a HOLD.

   

Following a very favorable earnings report earlier this week the stock surged 24% higher on Wednesday. Even with the updated FCF in our valuation model the price has pushed outside our comfortable BUY zone.