This week, we carried out 15 new trades - 15 buys and 0 sells.
Get ahead of the game with our weekly Momentum Ranking report! Click here to see the top stocks for week 48.
This week’s trading activity was influenced by steady market conditions, as the S&P 500 continues to stay above its 200-day moving average for 269 days. This allows our momentum strategy, as detailed in Andreas Clenow’s ‘Stocks on the Move’, to remain active, providing opportunities to explore new investments. The strategy involves focusing on top-ranking stocks based on their annualized adjusted slope, ensuring optimal returns and reducing risk within the portfolio.
In terms of new buys, our portfolio welcomed several promising stocks: AGX, ALTM, AXON, CMPO, DUOL, GEV, IESC, LITE, NCLH, PAYO, STRL, UAL, USLM, VRT, and VST. These companies span various sectors, bringing diversity and potential growth. For instance, Axon (AXON) specializes in public safety technology, offering innovative solutions in law enforcement equipment. Duolingo (DUOL) is a leader in online language education, reflecting growth in digital learning demand. Meanwhile, Norwegian Cruise Line (NCLH) remains a strong player in the travel and leisure sector, poised for recovery as tourism rebounds.
This week, we also maintained significant cash reserves as part of our strategy, ensuring liquidity and flexibility for future investment opportunities. Our portfolio’s largest allocation remains in cash, offering stability amid market shifts. Among our top-performing stocks, Texas Pacific Land Trust (TPL) enjoyed a commendable gain, while Palantir (PLTR) faced a slight downturn, highlighting our dynamic approach to portfolio management.
As the holiday week concludes with Thanksgiving festivities, our trading strategy continues to navigate market trends effectively. We’re encouraged by positive outcomes and remain vigilant in our momentum-based investments. We invite our readers to share their insights or ask questions in the comments. Your engagement and curiosity are invaluable to our community. Happy Thanksgiving, and here’s to continued financial success!
This week’s transactions:
-
Sold:
- No sells in this week!
-
Bought:
Index Distribution:
Right now, most of the stocks in our portfolio are from the Barrons 400 category.
Current portfolio allocation:
Things are looking pretty cash-heavy in the portfolio at the moment:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 13210 | 0.252 |
| CRS | Carpenter Technology Corp | Barrons 400 | Industrials | 9.75B | -1.04% | 0.097 |
| TPL | Texas Pacific Land Corporation | S&P 400 | Energy | 36.03B | -11.36% | 0.092 |
| CORT | Corcept Therapeutics Inc | Barrons 400 | Healthcare | 6.12B | -5.23% | 0.08 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 9.91B | -14.06% | 0.065 |
| ALTM | Arcadium Lithium PLC | S&P 400 | Basic Materials | 5.64B | -27.91% | 0.053 |
| PAYO | Payoneer Global Inc | Barrons 400 | Technology | 3.94B | -2.13% | 0.033 |
| UAL | United Airlines Holdings Inc | S&P 500 | Industrials | 31.85B | -1.16% | 0.031 |
| APP | Applovin Corp | Barrons 400 | Technology | 110.53B | -4.47% | 0.03 |
| DUOL | Duolingo Inc | S&P 400 | Technology | 15.44B | -3.79% | 0.027 |
| GEV | GE Vernova Inc | S&P 500 | Utilities | 93.69B | -4.82% | 0.025 |
| AXON | Axon Enterprise Inc | S&P 500 | Industrials | 48.02B | -1.80% | 0.024 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 5.98B | -4.56% | 0.023 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 49.54B | -9.38% | 0.023 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 6.19B | 0.07% | 0.022 |
| NCLH | Norwegian Cruise Line Holdings Ltd | S&P 500 | Consumer Cyclical | 11.99B | -2.99% | 0.022 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 149.30B | -3.45% | 0.021 |
| CMPO | CompoSecure Inc | Barrons 400 | Industrials | 1.43B | -0.34% | 0.019 |
| VST | Vistra Corp | S&P 500 | Utilities | 55.06B | -4.06% | 0.018 |
| USLM | United States Lime & Minerals Inc | Barrons 400 | Basic Materials | 4.52B | 2.75% | 0.017 |
| AGX | Argan, Inc | Barrons 400 | Industrials | 2.17B | -2.11% | 0.015 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 5.97B | 0.62% | 0.011 |
As always, more trades next week!