Click here for the Momentum Ranking of week 39.
This week’s transactions:
-
Sold:
- IDXX (price below MA100)
-
Bought:
- HRC (Hill-Rom Holdings Inc (S&P 400))
This week HRC, a medical equipment maker, was added to the portfolio and it is now the largest position. I am not very fond of this because on 9/2, it was announced that medtech firm Baxter is buying Hill-Rom for $156 a share. Since then, the price didn’t move much. I don’t like to trade these takeover situations, but as of now HRC is still part of the universe of shares and had to be ought according to the ranking.
Index Distribution:
The S&P 500 still has the highest weight in the portfolio:
Current portfolio allocation:
Tech and Healthcare are the largest sectors in the portfolio:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 0.0 | 0.174 |
| HRC | Hill-Rom Holdings, Inc. | S&P 400 | Healthcare | 9.84B | -0.02 | 0.077 |
| INTU | Intuit Inc. | S&P 500 | Technology | 150.25B | -0.027 | 0.052 |
| WST | West Pharmaceutical Services, Inc. | S&P 500 | Healthcare | 31.73B | -0.071 | 0.048 |
| CMG | Chipotle Mexican Grill, Inc. | S&P 500 | Consumer Cyclical | 51.78B | -0.03 | 0.047 |
| NSA | National Storage Affiliates Trust | S&P 400 | Real Estate | 4.79B | -0.092 | 0.044 |
| LSI | Life Storage, Inc. | S&P 400 | Real Estate | 9.44B | -0.121 | 0.043 |
| PAYC | Paycom Software, Inc. | S&P 500 | Technology | 29.7B | -0.016 | 0.042 |
| IT | Gartner, Inc. | S&P 500 | Technology | 25.64B | -0.037 | 0.042 |
| RMD | ResMed Inc. | S&P 500 | Healthcare | 38.68B | -0.102 | 0.04 |
| MPWR | Monolithic Power Systems, Inc. | S&P 500 | Technology | 22.77B | -0.024 | 0.038 |
| SYNA | Synaptics Incorporated | S&P 400 | Technology | 7.08B | -0.034 | 0.037 |
| PCTY | Paylocity Holding Corporation | S&P 400 | Technology | 15.43B | -0.02 | 0.036 |
| RGEN | Repligen Corporation | S&P 400 | Healthcare | 15.77B | -0.061 | 0.033 |
| DXCM | DexCom, Inc. | S&P 500 | Healthcare | 52.35B | -0.052 | 0.032 |
| DKS | DICK’S Sporting Goods, Inc. | S&P 400 | Consumer Cyclical | 11.52B | -0.112 | 0.029 |
| EFX | Equifax Inc. | S&P 500 | Industrials | 31.35B | -0.061 | 0.026 |
| CROX | Crocs, Inc. | S&P 400 | Consumer Cyclical | 9.46B | -0.059 | 0.023 |
| WAT | Waters Corporation | S&P 500 | Healthcare | 22.68B | -0.111 | 0.022 |
| MSCI | MSCI Inc. | S&P 500 | Financial Services | 49.74B | -0.043 | 0.021 |
| NAVI | Navient Corporation | S&P 400 | Financial Services | 3.8B | -0.027 | 0.019 |
| NVDA | NVIDIA Corporation | S&P 500 | Technology | 522.07B | -0.06 | 0.018 |
| GXO | GXO Logistics, Inc. | S&P 400 | Industrials | 8.91B | -0.12 | 0.018 |
| FTNT | Fortinet, Inc. | S&P 500 | Technology | 47.47B | -0.067 | 0.015 |
| EPAM | EPAM Systems, Inc. | Barrons 400 | Technology | 32.58B | -0.079 | 0.015 |
| ALB | Albemarle Corporation | S&P 500 | Basic Materials | 25.66B | -0.122 | 0.011 |
As always, more trades next week!