In the past week, we made 13 new trades: 12 buy(s) and 1 sell(s).
Want to stay on top of the market trends? Our Momentum Ranking report highlights the top stocks of the week, so you don’t have to! Click here to access the latest data for week 22.
Weekly Trading Overview
This week started off with some notable changes in our portfolio. The S&P 500 continues to be above its 200-day moving average. We’re leveraging momentum and ranking strategies from Andreas Clenow’s ‘Stocks On The Move’. When stocks align with our game plan, we act. As such, we welcomed several new additions to our portfolio.
Buys and Sells
We made several new buys as the green signal allowed us to make additions. ADMA Biologics entered our portfolio; it’s a player in the health sector focused on immune globulins. CME Group, a well-known name in the financial services sector, offers diverse trading venues across major asset classes. Then there’s CenterPoint Energy (CNP), providing essential public utilities to millions. We also acquired Cousins Properties (COR), a real estate investment trust with strong growth potential.
Encompass Health Corporation (EHC) is another new entrant, thriving in the healthcare sector with its rehabilitation services. FirstCash Holdings (FCFS), which operates pawn stores, was added for its consistent performance. Huntington Ingalls Industries (HII), a key player in defense, adds further diversity. Newmont Corporation (NEM), engaged in gold production, bolsters our exposure in mining.
National Fuel Gas (NFG) joins the ranks for its natural gas utility services. Royal Gold (RGLD), a unique company dealing with royalties on gold mines, was also purchased. Lastly, Rollins Inc. (ROL), specializing in pest control services, adds to our diversified approach, and United Lithographers of Skidmore (ULS), another niche player, made it to our buys list.
Among the trades, we sold PEN as it dipped below the 100-day moving average, sticking to our disciplined exit strategy.
We’ve also rebalanced/reduced holdings in companies like DG, Dollar General, which was the top performer this week with a 9.03% gain, and PLTR, our worst performer, down -3.75% over the last 7 trading days.
The financial services sector is the largest in our portfolio this week, highlighting its importance. This sector provides foundational support to our overall strategy with various components such as trading platforms, financial transactions, and analytics.
Summary
This was indeed a busy week. Despite the current market environment, we’ve been able to keep pace with strategic buys. Notably, CenterPoint Energy (CNP) and CME Group, have been standout performers in their respective sectors. ‘Monster Beverage Corporation (MNST)’ also makes the list of top holdings, showing its resilience.
As we tap into the potential of momentum-driven strategy and rebalance as needed, it’s all about aligning with the market rhythm. We are keeping cash reserves on hand to stay flexible, especially in these uncertain market conditions.
What are your thoughts on our strategy or the stocks we’ve discussed? Feel free to join the conversation in the comments below. Your insights are always welcome!
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:
Right now, most of the stocks in our portfolio are from the S&P 500 category.
Current portfolio allocation:
We’re heavily invested in the Financial Services sector at the moment.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| CNP | Centerpoint Energy Inc | S&P 500 | Utilities | 24.51B | -4.45% | 0.054 |
| CME | CME Group Inc | S&P 500 | Financial Services | 101.62B | -1.56% | 0.054 |
| MNST | Monster Beverage Corp | S&P 500 | Consumer Defensive | 62.18B | 0.43% | 0.053 |
| ROL | Rollins, Inc | S&P 500 | Consumer Cyclical | 27.70B | -0.81% | 0.053 |
| PM | Philip Morris International Inc | S&P 500 | Consumer Defensive | 278.02B | -0.05% | 0.051 |
| NFG | National Fuel Gas Co | S&P 400 | Energy | 7.52B | -0.17% | 0.05 |
| NEU | NewMarket Corp | S&P 400 | Basic Materials | 6.07B | -1.63% | 0.048 |
| UGI | UGI Corp | S&P 400 | Utilities | 7.74B | -0.76% | 0.048 |
| WRB | W.R. Berkley Corp | S&P 500 | Financial Services | 27.94B | -3.56% | 0.048 |
| VRSN | Verisign Inc | S&P 500 | Technology | 25.62B | -5.57% | 0.048 |
| EHC | Encompass Health Corp | S&P 400 | Healthcare | 12.18B | -0.93% | 0.047 |
| COR | Cencora Inc | S&P 500 | Healthcare | 56.78B | -5.30% | 0.044 |
| MCK | Mckesson Corporation | S&P 500 | Healthcare | 89.72B | -1.90% | 0.041 |
| FCFS | FirstCash Holdings Inc | S&P 400 | Financial Services | 5.67B | -5.65% | 0.036 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 296.28B | -5.95% | 0.035 |
| DG | Dollar General Corp | S&P 500 | Consumer Defensive | 22.21B | -30.82% | 0.035 |
| RGLD | Royal Gold, Inc | S&P 400 | Basic Materials | 11.76B | -6.81% | 0.034 |
| HII | Huntington Ingalls Industries Inc | S&P 500 | Industrials | 8.85B | -21.06% | 0.034 |
| ULS | UL Solutions Inc | Barrons 400 | Industrials | 14.54B | -0.40% | 0.034 |
| NEM | Newmont Corp | S&P 500 | Basic Materials | 58.63B | -10.29% | 0.032 |
| LRN | Stride Inc | Barrons 400 | Consumer Defensive | 6.68B | -5.47% | 0.029 |
| PLMR | Palomar Holdings Inc | Barrons 400 | Financial Services | 4.32B | -2.03% | 0.028 |
| OSIS | OSI Systems, Inc | Barrons 400 | Technology | 3.88B | -1.09% | 0.026 |
| HCI | HCI Group Inc | Barrons 400 | Financial Services | 1.90B | -6.56% | 0.019 |
| ADMA | Adma Biologics Inc | Barrons 400 | Healthcare | 4.87B | -20.61% | 0.017 |
| cash | Cash | Cash | Cash | – | 117 | 0.002 |
As always, more trades next week!