Our market activity this week included 6 new trades: 3 buy(s) and 3 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 39 and stay up-to-date on the top performers.
As we turn another page in our trading diary from sunny Sardinia, it’s time to delve into this week’s portfolio update. Over the past 93 days, the S&P 500 has hovered above its 200-day moving average, allowing us to keep our momentum-driven strategy, as guided by Andreas Clenow’s ‘Stocks On The Move,’ rolling. With a cash share of just 1.35%, we are currently almost fully invested, signaling our confidence in the ongoing market conditions.
This week, we’ve welcomed ALAB, PSIX, and RDDT to our portfolio. ALAB adds a fresh energy with its niche in biotechnology, PSIX impresses with its recent uptick in power solutions technology making it our best performer with a gain of +21.80%, while RDDT strengthens our tech presence, riding the digital content wave. On the other side, we’ve exited our positions in JBL, VRT, and VST�these stocks no longer align with our top momentum ranking criteria. We have also added to our existing positions in AMD, EL, and MEDP, showing particular strength in their respective fields. Conversely, our holding in WDC was trimmed to maintain optimal balance.
Our portfolio continues to be tech-heavy, underscoring the sector’s dynamic growth potential and resilience. Our top holdings�FLEX, MEDP, and NVDA�reflect a diverse range of industries, each bringing unique attributes to the table. However, not all stories were of success; AVGO stood out as our worst performer, dipping by -5.69%. Meanwhile, the Barron’s 400 Index overhaul has expanded our universe, supplementing our portfolio with 174 new opportunities from the S&P500 and S&P400.
We’re excited to hear what you think of our latest shift in strategy. Feel free to share your thoughts and questions in the comments below.
This week’s transactions:
Index Distribution:
At present, we’re mostly invested in stocks from the S&P 500 sector.
Current portfolio allocation:
We’re heavily invested in the Technology sector at the moment.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| FLEX | Flex Ltd | S&P 400 | Technology | 22.28B | 0.29% | 0.076 |
MEDP|Medpace Holdings Inc|S&P 400|Healthcare|13.92B|-2.16%|0.076
NVDA|NVIDIA Corp|S&P 500|Technology|4338.40B|-3.26%|0.071
CCL|Carnival Corp|S&P 500|Consumer Cyclical|39.90B|-6.42%|0.064
WDC|Western Digital Corp|S&P 500|Technology|38.31B|-2.13%|0.057
FIX|Comfort Systems USA, Inc|S&P 400|Industrials|28.38B|-2.42%|0.055
AMD|Advanced Micro Devices Inc|S&P 500|Technology|259.43B|-14.35%|0.054
AVGO|Broadcom Inc|S&P 500|Technology|1601.64B|-9.37%|0.051
EL|Estee Lauder Cos., Inc|S&P 500|Consumer Defensive|31.61B|-15.09%|0.049
FN|Fabrinet|S&P 400|Technology|13.61B|-2.64%|0.046
PLTR|Palantir Technologies Inc|S&P 500|Technology|432.67B|-4.01%|0.045
ORCL|Oracle Corp|S&P 500|Technology|886.33B|-9.78%|0.044
GEV|GE Vernova Inc|S&P 500|Industrials|171.45B|-7.01%|0.043
STRL|Sterling Infrastructure Inc|Barrons 400|Industrials|11.23B|0.23%|0.043
IESC|IES Holdings Inc|Barrons 400|Industrials|7.62B|-1.58%|0.039
LITE|Lumentum Holdings Inc|S&P 400|Technology|11.32B|-6.60%|0.036
RDDT|Reddit Inc|Barrons 400|unknown|44.36B|-16.23%|0.035
RCL|Royal Caribbean Group|S&P 500|Consumer Cyclical|89.68B|-9.91%|0.028
PSKY|Paramount Skydance Corp|S&P 500|Communication Services|21.15B|2.93%|0.027
ALAB|Astera Labs Inc|Barrons 400|unknown|38.01B|-13.03%|0.024
PSIX|Power Solutions International Inc|Barrons 400|unknown|2.66B|-5.00%|0.023
cash|Cash|Cash|Cash|–|-|0.014
As always, more trades next week!