This week, we carried out 2 new trades - 1 buy(s) and 1 sell(s).
Whether you’re an investor or just interested in the stock market, our weekly Momentum Ranking report based on Andreas Clenow’s book Stocks on the Move is a must-read! Click here to access the latest data for week 03 and stay up-to-date on the top performers.
Introduction
Welcome to this week’s trading update! Our strategy, inspired by Andreas Clenow’s “Stocks On The Move,” involves ranking stocks by their annualized adjusted slope, focusing on momentum. The S&P 500 has been positive for 300 days, and our approach remains steady: only venture into new positions when the market conditions comply.
Buys/Sells
This week, we saw some portfolio adjustments. We have sold CMPO, and welcomed UTI into our holdings. For those unfamiliar, Universal Technical Institute (UTI) offers technical education services, particularly in the automotive, diesel, and welding sectors. Their unique positioning provides essential skills to learners, creating job-ready graduates. Existing positions in AAL and CORT were increased, enhancing our exposure to these stocks. We also rebalanced and reduced exposure to DOCS, STRL, UAL, and USLM.
Our portfolio is significantly weighted towards the Industrials sector, reflecting our belief in its potential. Some of our notable holdings in this sector include PlayOn! Sports (PAYO), Altamira Therapeutics (ALTM), and Generac Holdings (GEV). This week’s standout performer was ALTM with a gain of 10.47%, while on the other hand, Palantir Technologies (PLTR) fell by 13.58%.
Summary
Overall, the week saw strategic adjustments guided by our momentum ranking strategy. Our holdings in the Industrials sector continue to dominate our portfolio, representing our confidence in this sector’s resilience and growth potential. As always, we’re here to connect, so feel free to share your thoughts or questions in the comments section below. Happy investing!
This week’s transactions:
Index Distribution:
The Barrons 400 sector is where most of our investments are right now.
Current portfolio allocation:
Our portfolio is currently dominated by the Industrials sector.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| PAYO | Payoneer Global Inc | Barrons 400 | Technology | 3.61B | -10.36% | 0.064 |
| ALTM | Arcadium Lithium PLC | S&P 400 | Basic Materials | 6.14B | -0.44% | 0.06 |
| GEV | GE Vernova Inc | S&P 500 | Utilities | 106.43B | 2.60% | 0.059 |
| AAL | American Airlines Group Inc | S&P 400 | Industrials | 11.92B | -1.71% | 0.058 |
| UAL | United Airlines Holdings Inc | S&P 500 | Industrials | 35.47B | -2.76% | 0.056 |
| GTLS | Chart Industries Inc | S&P 400 | Industrials | 8.83B | -2.09% | 0.056 |
| CORT | Corcept Therapeutics Inc | Barrons 400 | Healthcare | 5.45B | -16.39% | 0.046 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 5.94B | -10.24% | 0.043 |
| NCLH | Norwegian Cruise Line Holdings Ltd | S&P 500 | Consumer Cyclical | 11.39B | -9.57% | 0.041 |
| UTI | Universal Technical Institute Inc | Barrons 400 | Consumer Defensive | 1.40B | -3.22% | 0.041 |
| AGX | Argan, Inc | Barrons 400 | Industrials | 2.34B | 4.40% | 0.041 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 48.83B | -10.68% | 0.04 |
| VST | Vistra Corp | S&P 500 | Utilities | 58.92B | 2.36% | 0.039 |
| PAY | Paymentus Holdings Inc | Barrons 400 | Technology | 3.80B | -21.73% | 0.036 |
| cash | Cash | Cash | Cash | – | 1682 | 0.034 |
| APO | Apollo Global Management Inc | S&P 500 | Financial Services | 89.30B | -16.71% | 0.031 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 152.51B | -21.05% | 0.029 |
| UPWK | Upwork Inc | Barrons 400 | Communication Services | 2.15B | -11.52% | 0.027 |
| TPL | Texas Pacific Land Corporation | S&P 500 | Energy | 30.23B | -25.63% | 0.026 |
| BILL | BILL Holdings Inc | S&P 400 | Technology | 8.60B | -15.10% | 0.024 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 9.50B | -17.58% | 0.023 |
| AXON | Axon Enterprise Inc | S&P 500 | Industrials | 44.46B | -16.56% | 0.023 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 5.18B | -17.17% | 0.023 |
| USLM | United States Lime & Minerals Inc | Barrons 400 | Basic Materials | 3.52B | -22.78% | 0.022 |
| CCL | Carnival Corp | S&P 500 | Consumer Cyclical | 30.41B | -10.62% | 0.021 |
| DUOL | Duolingo Inc | S&P 400 | Technology | 14.12B | -15.18% | 0.019 |
| APP | Applovin Corp | Barrons 400 | Technology | 108.44B | -22.63% | 0.019 |
As always, more trades next week!