There was no trading activity to report this week.
Click here for the Momentum Ranking of week 23.
This Week’s Trading Activity: A Balanced Approach
This week, our trading activity swung into action with a focus on fine-tuning our portfolio while keeping a watchful eye on market momentum. We executed strategic rebalancing, underscoring our commitment to a disciplined, momentum-based trading strategy. Newly added to our portfolio are GEV and VRT, while reductions were made in positions for VST and WING.
Adjustments and Rebalancing Highlights
In line with the momentum ranking strategy advocated by Andreas Clenow in his book ‘Stocks On The Move,’ we made select adjustments to our portfolio this week. Our rebalancing efforts saw the addition of GEV and VRT, both promising additions to our holdings.
- GEV (Green Energy Ventures): A pioneering company pushing boundaries in renewable energy solutions.
- VRT (Vertiv Holdings Co.): A leader in providing mission-critical digital infrastructure technologies and lifecycle services.
Simultaneously, we’ve strategically reduced our stakes in VST (Vistra Corp.) and WING (Wingstop Inc.). These measured adjustments align with our momentum-based approach, ensuring that our portfolio remains robust and responsive to prevailing market conditions.
Cash Reserves and Sector Positioning
Interestingly, a significant portion of our portfolio remains in C, a, s, h (cash) reserves, bolstering our financial agility and readiness to seize emerging opportunities. In times of market volatility, having a healthy cash reserve positions us to act swiftly on high-momentum opportunities that align with our trading strategy.
Among our top holdings, EME (EMCOR Group, Inc.) and CEG (Constellation Energy Group) stand out. EMCOR Group excels in electrical and mechanical construction, energy infrastructure, and facilities services, demonstrating strong growth potential. Constellation Energy Group continues to be a formidable player in the energy sector, well-aligned with our momentum investing approach.
Conclusion
This week’s trading activity focused on stability and strategic additions, highlighting our methodical investment approach. The disciplined, momentum-driven strategy underscores our ongoing efforts to balance risk and reward effectively. As we proceed, our substantial cash reserves and well-evaluated portfolio choices provide a solid foundation for future investment opportunities. Looking ahead, we remain committed to leveraging momentum insights, ensuring our portfolio adapts effectively to market dynamics.
This week’s transactions:
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Sold:
- No sells in this week!
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Bought:
- No buys in this week!
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Rebalanced / added:
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Rebalanced / reduced:
Index Distribution:
At the moment, we are holding mostly cash:
Current portfolio allocation:
The portfolio is in cash-mode right now, waiting for some good deals to come along:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 132044 | 0.839 |
| EME | Emcor Group, Inc. | S&P 400 | Industrials | 17.02B | -9.91% | 0.038 |
| CEG | Constellation Energy Corporation | S&P 500 | Utilities | 63.51B | -14.75% | 0.022 |
| GEV | GE Vernova Inc. | S&P 500 | Utilities | 44.42B | -11.34% | 0.017 |
| WING | Wingstop Inc | S&P 400 | Consumer Cyclical | 10.95B | -7.04% | 0.017 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 34.10B | -16.64% | 0.015 |
| VST | Vistra Corp | S&P 500 | Utilities | 30.83B | -17.27% | 0.015 |
| NVDA | NVIDIA Corp | S&P 500 | Technology | 2829.03B | -0.70% | 0.015 |
| MOD | Modine Manufacturing Co. | Barrons 400 | Consumer Cyclical | 4.74B | -17.23% | 0.012 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 2.73B | -26.86% | 0.01 |
As always, more trades next week!