Recently the Barron’s 400 index was rebalanced and MYRG was removed. It’s also not included in the S&P 500 or S&P 400, so it had to be sold. Click here for the Momentum Ranking of week 38 and all transactions for this week.
This week’s transactions:
-
Sold:
- MYRG (removed from S&P 500)
- LLY
- POOL (price below SMA100)
- TGT (no longer in top 20%)
-
Bought:
- GXO (Gxo Logistics Inc (S&P 400))
- PAYC (Paycom Software Inc (S&P 500))
- DKS (Dick’s Sporting Goods Inc (S&P 400))
- SYNA (Synaptics Inc (S&P 400))
Index Distribution:
The S&P 500 continues to have the highest weight in the portfolio:
Current portfolio allocation: Tech and Healthcare make up almost 2/3 of the portfolio:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| CMG | Chipotle Mexican Grill, Inc. | S&P 500 | Consumer Cyclical | 54.28B | -0.022 | 0.062 |
| INTU | Intuit Inc. | S&P 500 | Technology | 153.79B | -0.048 | 0.059 |
| RMD | ResMed Inc. | S&P 500 | Healthcare | 42.08B | -0.044 | 0.056 |
| NSA | National Storage Affiliates Trust | S&P 400 | Real Estate | 5.01B | -0.046 | 0.056 |
| IT | Gartner, Inc. | S&P 500 | Technology | 26.65B | -0.037 | 0.053 |
| MSCI | MSCI Inc. | S&P 500 | Financial Services | 53.13B | -0.04 | 0.052 |
| WST | West Pharmaceutical Services, Inc. | S&P 500 | Healthcare | 33.17B | -0.057 | 0.048 |
| RGEN | Repligen Corporation | S&P 400 | Healthcare | 17.32B | -0.012 | 0.046 |
| EPAM | EPAM Systems, Inc. | Barrons 400 | Technology | 35.12B | -0.054 | 0.045 |
| MPWR | Monolithic Power Systems, Inc. | S&P 500 | Technology | 23.24B | -0.028 | 0.044 |
| PAYC | Paycom Software, Inc. | S&P 500 | Technology | 30.09B | -0.021 | 0.044 |
| IDXX | IDEXX Laboratories, Inc. | S&P 500 | Healthcare | 57.01B | -0.057 | 0.044 |
| PCTY | Paylocity Holding Corporation | S&P 400 | Technology | 15.81B | -0.02 | 0.042 |
| NAVI | Navient Corporation | S&P 400 | Financial Services | 3.76B | -0.061 | 0.041 |
| DXCM | DexCom, Inc. | S&P 500 | Healthcare | 55.54B | -0.039 | 0.036 |
| SYNA | Synaptics Incorporated | S&P 400 | Technology | 7.3B | -0.061 | 0.035 |
| FTNT | Fortinet, Inc. | S&P 500 | Technology | 49.27B | -0.07 | 0.034 |
| CROX | Crocs, Inc. | S&P 400 | Consumer Cyclical | 9.74B | -0.055 | 0.03 |
| DKS | DICK’S Sporting Goods, Inc. | S&P 400 | Consumer Cyclical | 11.97B | -0.1 | 0.029 |
| LSI | Life Storage, Inc. | S&P 400 | Real Estate | 9.85B | -0.062 | 0.029 |
| EFX | Equifax Inc. | S&P 500 | Industrials | 32.19B | -0.072 | 0.025 |
| WAT | Waters Corporation | S&P 500 | Healthcare | 24.22B | -0.084 | 0.022 |
| cash | Cash | Cash | Cash | – | 0.0 | 0.019 |
| GXO | GXO Logistics, Inc. | S&P 400 | Industrials | 9.67B | -0.066 | 0.018 |
| NVDA | NVIDIA Corporation | S&P 500 | Technology | 545.7B | -0.078 | 0.017 |
| ALB | Albemarle Corporation | S&P 500 | Basic Materials | 26.32B | -0.145 | 0.011 |
As always, more trades next week!