This week, we engaged in 2 new trades, with 2 buys and 0 sells.
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 50.
This Week’s Trading Activity: A Momentum-Driven Update
This week, our trading strategy continues to ride the waves of momentum, taking cues from the indicators outlined by Andreas Clenow in ‘Stocks On The Move’. The S&P 500 has remained positive, being above its 200-day moving average for 278 days. This allowed us to execute new trades, strengthening our portfolio with two promising additions.
Buys and Sells: Portfolio Adjustments
We welcomed Carnival Corporation (CCL) and Upwork Inc. (UPWK) into our portfolio. Carnival, a leading cruise line operator, is set to benefit from the travel industry recovery. Upwork, a giant in the freelancing sector, continues to grow as remote work becomes the new norm.
This week, we also fine-tuned our holdings. We reduced positions in some winning stocks including AGX, APP, AXON, NCLH, PLTR, and TPL. This rebalancing helps us manage risks and maintain our strategic allocation. Speaking of adjustments, our portfolio remains well-grounded in the Industrials sector, with notable holdings in United Airlines (UAL), Payoneer Global (PAYO), and Upwork (UPWK).
Summary and Outlook
The portfolio’s overall momentum was highlighted by Palantir Technologies (PLTR), which saw a gain of 8%, showing its resilience. On the flip side, IES Holdings (IESC) was our worst performer, with an 18.6% decline, reminding us of the inherent market volatility.
As we navigate through these trades, we continue to focus on data-driven decision-making strategies. Our biggest share is currently held in cash, allowing us the flexibility for future opportunities. This week’s activity showcases our commitment to staying aligned with our momentum strategy, adapting when necessary, and seizing market opportunities.
We encourage you to share your thoughts or questions in the comments below. Your insights help foster a vibrant community of like-minded investors.
This week’s transactions:
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Rebalanced / added:
- No positions were added to in this week!
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Rebalanced / reduced:
Index Distribution:
Most of our holdings are from the Barrons 400 index right now.
Current portfolio allocation:
At the moment, the largest slice of our portfolio is coming from the Industrials sector.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| UAL | United Airlines Holdings Inc | S&P 500 | Industrials | 31.53B | -8.77% | 0.067 |
| PAYO | Payoneer Global Inc | Barrons 400 | Technology | 3.58B | -11.06% | 0.062 |
| UPWK | Upwork Inc | Barrons 400 | Communication Services | 2.29B | -3.63% | 0.059 |
| DUOL | Duolingo Inc | S&P 400 | Technology | 15.86B | -4.73% | 0.054 |
| CORT | Corcept Therapeutics Inc | Barrons 400 | Healthcare | 6.14B | -5.86% | 0.051 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 5.95B | -9.74% | 0.051 |
| ALTM | Arcadium Lithium PLC | S&P 400 | Basic Materials | 5.54B | -29.09% | 0.051 |
| GEV | GE Vernova Inc | S&P 500 | Utilities | 89.08B | -9.50% | 0.051 |
| CCL | Carnival Corp | S&P 500 | Consumer Cyclical | 32.50B | -4.71% | 0.049 |
| AXON | Axon Enterprise Inc | S&P 500 | Industrials | 48.53B | -8.91% | 0.049 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 9.82B | -14.86% | 0.048 |
| USLM | United States Lime & Minerals Inc | Barrons 400 | Basic Materials | 4.14B | -9.31% | 0.047 |
| CMPO | CompoSecure Inc | Barrons 400 | Industrials | 1.56B | -3.52% | 0.045 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 5.65B | -9.63% | 0.045 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 45.32B | -17.11% | 0.041 |
| NCLH | Norwegian Cruise Line Holdings Ltd | S&P 500 | Consumer Cyclical | 11.65B | -7.49% | 0.04 |
| cash | Cash | Cash | Cash | – | 1787 | 0.034 |
| VST | Vistra Corp | S&P 500 | Utilities | 47.49B | -17.24% | 0.034 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 162.31B | -11.94% | 0.03 |
| TPL | Texas Pacific Land Corporation | S&P 500 | Energy | 29.91B | -26.40% | 0.025 |
| AGX | Argan, Inc | Barrons 400 | Industrials | 1.96B | -12.82% | 0.025 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 5.08B | -20.49% | 0.024 |
| APP | Applovin Corp | Barrons 400 | Technology | 108.32B | -22.72% | 0.019 |
As always, more trades next week!