Exciting times! There is a new President Elect and we had good news about the Covid-vaccine. Tech and all stay-at-home stocks suffered recently. A sector rotation seems to take place as the market looks beyond Covid.
Does that affect our trading in the Trendfollowing portfolio? Not at all, we stick to the plan and follow the rules! There were 3 buys and 3 sells in this week.
Disclaimer This week’s ranking / Preview.
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Sold:
- HBI
- ROCK
- DHI (no longer in top 20%)
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Bought:
- OLN (Olin Corp (S&P 400))
- GPS (Gap Inc (S&P 500))
- EVR (Evercore Partners Inc (S&P 400))
Current portfolio (finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| DE | Deere & Company | S&P 500 | Industrials | 79.43B | -6.4% | 4.0% |
| IAA | IAA, Inc. | S&P 400 | Industrials | 8.33B | -4.9% | 3.9% |
| CARR | Carrier Global Corporation | S&P 500 | Industrials | 32.68B | -6.1% | 3.9% |
| UPS | United Parcel Service, Inc. | S&P 500 | Industrials | 141.28B | -8.3% | 3.8% |
| TGT | Target Corporation | S&P 500 | Consumer Defensive | 78.77B | -7.5% | 3.8% |
| APAM | Artisan Partners Asset Management Inc. | Barrons 400 | Financial Services | 3.7B | -5.6% | 3.7% |
| WHR | Whirlpool Corporation | S&P 500 | Consumer Cyclical | 11.45B | -12.8% | 3.4% |
| GNRC | Generac Holdings Inc. | S&P 400 | Industrials | 13.38B | -6.0% | 3.3% |
| OMF | OneMain Holdings, Inc. | Barrons 400 | Financial Services | 5.36B | -21.9% | 3.2% |
| PWR | Quanta Services, Inc. | S&P 500 | Industrials | 9.24B | -6.9% | 3.1% |
| AN | AutoNation, Inc. | S&P 400 | Consumer Cyclical | 5.49B | -11.9% | 3.0% |
| DAR | Darling Ingredients Inc. | S&P 400 | Consumer Defensive | 7.83B | -5.2% | 2.9% |
| EVR | Evercore Inc. | S&P 400 | Financial Services | 3.56B | -2.4% | 2.9% |
| FCX | Freeport-McMoRan Inc. | S&P 500 | Basic Materials | 28.55B | -7.0% | 2.8% |
| FDX | FedEx Corporation | S&P 500 | Industrials | 69.36B | -10.0% | 2.8% |
| WRK | WestRock Company | S&P 500 | Consumer Cyclical | 10.7B | -9.1% | 2.7% |
| WMS | Advanced Drainage Systems, Inc. | Barrons 400 | Industrials | 4.55B | -14.5% | 2.7% |
| LEN-B | Lennar Corporation | Barrons 400 | Consumer Cyclical | 22.71B | -19.7% | 2.6% |
| TPR | Tapestry, Inc. | S&P 500 | Consumer Cyclical | 7.13B | -18.0% | 2.6% |
| DY | Dycom Industries, Inc. | S&P 400 | Industrials | 2.39B | -8.4% | 2.6% |
| NVDA | NVIDIA Corporation | S&P 500 | Technology | 317.81B | -7.4% | 2.5% |
| AEO | American Eagle Outfitters, Inc. | S&P 400 | Consumer Cyclical | 2.65B | -2.6% | 2.5% |
| CC | The Chemours Company | S&P 400 | Basic Materials | 3.68B | -10.4% | 2.5% |
| CROX | Crocs, Inc. | Barrons 400 | Consumer Cyclical | 3.69B | -9.4% | 2.4% |
| BLD | TopBuild Corp. | S&P 400 | Industrials | 5.41B | -19.3% | 2.3% |
| IBP | Installed Building Products, Inc. | Barrons 400 | Industrials | 2.77B | -29.8% | 2.2% |
| TOL | Toll Brothers, Inc. | S&P 400 | Consumer Cyclical | 5.44B | -18.3% | 2.2% |
| GRBK | Green Brick Partners, Inc. | Barrons 400 | Consumer Cyclical | 1.09B | -12.2% | 2.2% |
| MITK | Mitek Systems, Inc. | Barrons 400 | Technology | 544.81M | -11.1% | 2.1% |
| GPS | The Gap, Inc. | S&P 500 | Consumer Cyclical | 8.56B | -9.2% | 2.1% |
| OLN | Olin Corporation | S&P 400 | Basic Materials | 3.51B | -9.4% | 2.1% |
| CZR | Caesars Entertainment, Inc. | S&P 400 | Consumer Cyclical | 12.74B | -15.8% | 2.1% |
| PFSI | PennyMac Financial Services, Inc. | Barrons 400 | Financial Services | 4B | -23.9% | 2.0% |
| MOS | The Mosaic Company | S&P 500 | Basic Materials | 6.64B | -23.4% | 1.9% |
| FSLR | First Solar, Inc. | S&P 400 | Technology | 8.49B | -12.1% | 1.8% |
| ENPH | Enphase Energy, Inc. | S&P 400 | Technology | 14.13B | -9.7% | 1.6% |
| HIBB | Hibbett Sports, Inc. | Barrons 400 | Consumer Cyclical | 626.01M | -32.7% | 1.3% |
| cash | Cash | Cash | Cash | – | 0.0% | 0.6% |
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The industrial sector continues to make up the biggest part of the portfolio at this time as Deere is now the top holding:
Current portfolio allocation:
pie title Sector Distribution
"Industrials":34.63
"Consumer Cyclical":28.93
"Financial Services":11.86
"Basic Materials":9.28
"Technology":8.05
"Consumer Defensive":6.64
"Cash":0.61
pie title Index Distribution
"S&P 500":39.28
"S&P 400":35.71
"Barrons 400":24.4
"Cash":0.61