Over the course of the week, we made 4 new trades - 0 buy(s) and 4 sell(s).
Get ahead of the game with our weekly Momentum Ranking report! Click here to see the top stocks for week 29.
Weekly Portfolio Update: Navigating Market Momentum with Clarity
This week, we’re seeing the S&P 500 continue its climb above the crucial 200-day moving average for 44 days. This sustained momentum keeps our trading strategy greenlit for maintaining and adjusting our portfolio. Fortunately, with a cash allocation of only 3.77%, we’re nearly at full investment, optimizing our stake in the current market climate.
Trades and Rebalancing Insights
Our strategy, drawn from Andreas Clenow’s Stocks On The Move, helps guide our decisions. Although there are no new buys this week, our focus shifted toward liquidating and rebalancing existing positions for optimal alignment with our momentum criteria. New Sells include COR, FCFS, MNST, and WRB. These stocks were sold, partly because they no longer featured in the top 20% of our momentum ranking.
As for rebalancing, we added to our existing positions in ATI, GEV, NEU, PM, and ULS, aiming for a stronger positioning in our top holdings. Notably, a 10% drop from EHC led us to trim our position in this stock.
Summary of Key Sector Performances
Industrials stand out as our top sector this week, typically acting as a robust backbone in portfolios, offering stability and steady growth. Our leading holdings currently include PM, NEU, and ATI, each presenting unique strengths across different sectors.
Remarkably, our portfolio’s best performer was PLTR, with an impressive gain of +11.01%, while OSIS was the worst performer, facing a dip of -8.69%. We remain nearly fully invested due to the low cash share, positioning us well for the market’s ongoing momentum.
We’d love to hear your thoughts on these portfolio movements. Feel free to share in the comments section below.
This week’s transactions:
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Sold:
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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 present, we’re mostly invested in stocks from the S&P 500 sector.
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 |
|---|---|---|---|---|---|---|
| PM | Philip Morris International Inc | S&P 500 | Consumer Defensive | 280.84B | -3.36% | 0.112 |
| NEU | NewMarket Corp | S&P 400 | Basic Materials | 6.85B | -2.29% | 0.11 |
| ATI | ATI Inc | S&P 400 | Industrials | 12.72B | -1.68% | 0.085 |
| GEV | GE Vernova Inc | S&P 500 | Industrials | 152.24B | 0.35% | 0.084 |
| ULS | UL Solutions Inc | Barrons 400 | Industrials | 14.28B | -3.72% | 0.078 |
| MOS | Mosaic Company | S&P 500 | Basic Materials | 11.35B | -6.42% | 0.077 |
| DG | Dollar General Corp | S&P 500 | Consumer Defensive | 24.98B | -14.33% | 0.075 |
| EHC | Encompass Health Corp | S&P 400 | Healthcare | 10.78B | -13.12% | 0.054 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 7.28B | -2.06% | 0.05 |
| VRSN | Verisign Inc | S&P 500 | Technology | 26.47B | -3.33% | 0.048 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 6.09B | -4.22% | 0.046 |
| HII | Huntington Ingalls Industries Inc | S&P 500 | Industrials | 10.01B | -10.73% | 0.039 |
| cash | Cash | Cash | Cash | – | - | 0.038 |
| NEM | Newmont Corp | S&P 500 | Basic Materials | 63.54B | -6.68% | 0.037 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 349.62B | -0.95% | 0.028 |
| OSIS | OSI Systems, Inc | Barrons 400 | Technology | 3.50B | -13.78% | 0.024 |
| AGX | Argan, Inc | Barrons 400 | Industrials | 3.09B | -8.20% | 0.017 |
As always, more trades next week!