For the second time in 2022, the S&P 500 traded below the 200 day moving average on a Trade Tuesday. Hence no new purchases were allowed in this week.
Click here for the Momentum Ranking of week 08.
This week’s transactions:
- Sold:
- FLR
- MLI (no longer in top 20%)
Index Distribution:
The S&P 500 still has the highest weight in the portfolio:
Current portfolio allocation:
The Tech sector now has the largest share in the portfolio:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| CERN | Cerner Corporation | S&P 500 | Technology | 26.87B | -0.021 | 0.126 |
| cash | Cash | Cash | Cash | – | 0.0 | 0.066 |
| ABBV | AbbVie Inc. | S&P 500 | Healthcare | 256.38B | -0.022 | 0.055 |
| MKC | McCormick & Company, Incorporated | S&P 500 | Consumer Defensive | 25.95B | -0.058 | 0.049 |
| CCMP | CMC Materials, Inc. | S&P 400 | Technology | 5.27B | -0.068 | 0.047 |
| MCK | McKesson Corporation | S&P 500 | Healthcare | 40.23B | -0.042 | 0.044 |
| VRTX | Vertex Pharmaceuticals Incorporated | S&P 500 | Healthcare | 58.78B | -0.099 | 0.041 |
| CVX | Chevron Corporation | S&P 500 | Energy | 254.2B | -0.043 | 0.041 |
| BPMP | BP Midstream Partners LP | Barrons 400 | Energy | 1.87B | -0.059 | 0.039 |
| DLTR | Dollar Tree, Inc. | S&P 500 | Consumer Defensive | 31.56B | -0.044 | 0.037 |
| CIEN | Ciena Corporation | S&P 400 | Technology | 10.41B | -0.122 | 0.035 |
| HMST | HomeStreet, Inc. | Barrons 400 | Financial Services | 1.03B | -0.102 | 0.031 |
| SFM | Sprouts Farmers Market, Inc. | S&P 400 | Communication Services | 3.24B | -0.07 | 0.03 |
| NUS | Nu Skin Enterprises, Inc. | S&P 400 | Consumer Defensive | 2.6B | -0.145 | 0.029 |
| DY | Dycom Industries, Inc. | S&P 400 | Industrials | 2.71B | -0.128 | 0.027 |
| EOG | EOG Resources, Inc. | S&P 500 | Energy | 64.36B | -0.046 | 0.027 |
| BCC | Boise Cascade Company | Barrons 400 | Basic Materials | 3.17B | -0.029 | 0.025 |
| CVS | CVS Health Corporation | S&P 500 | Healthcare | 133.71B | -0.082 | 0.025 |
| CHD | Church & Dwight Co., Inc. | S&P 500 | Consumer Defensive | 23.56B | -0.058 | 0.024 |
| CF | CF Industries Holdings, Inc. | S&P 500 | Basic Materials | 16.03B | -0.052 | 0.024 |
| ANET | Arista Networks, Inc. | S&P 500 | Technology | 37.42B | -0.152 | 0.019 |
| FANG | Diamondback Energy, Inc. | S&P 500 | Energy | 23.22B | -0.037 | 0.019 |
| MRO | Marathon Oil Corporation | S&P 500 | Energy | 16.78B | -0.057 | 0.019 |
| HPQ | HP Inc. | S&P 500 | Technology | 37.85B | -0.087 | 0.018 |
| MCB | Metropolitan Bank Holding Corp. | Barrons 400 | Financial Services | 1.13B | -0.121 | 0.017 |
| DVN | Devon Energy Corporation | S&P 500 | Energy | 34.32B | -0.056 | 0.016 |
| AA | Alcoa Corporation | S&P 400 | Basic Materials | 13.78B | -0.023 | 0.016 |
| BLDR | Builders FirstSource, Inc. | S&P 400 | Industrials | 12.31B | -0.171 | 0.016 |
| APA | APA Corporation | S&P 500 | Energy | 11.32B | -0.118 | 0.015 |
| QCOM | QUALCOMM Incorporated | S&P 500 | Technology | 186.34B | -0.134 | 0.011 |
| CUBI | Customers Bancorp, Inc. | Barrons 400 | Financial Services | 1.99B | -0.201 | 0.01 |
As always, more trades next week!