During the past week, we made 5 new trades - 3 buy(s) and 2 sell(s).
Looking for reliable stock performance data? Check out our weekly Momentum Ranking (based on Andreas Clenow’s book Stocks on the Move), updated every week with the latest figures! Click here to see the report for week 41.
Navigating the Markets: Weekly Portfolio Update
This week in the market has been a mixed bag, but we’re navigating it well thanks to a key tool from Andreas Clenow’s book, Stocks on the Move. Our regime filter—a crucial aspect of our strategy—indicates the S&P 500 has been above its 200-day moving average for 103 days, which means we can still make new investments. With our cash share at a low 1.19%, we’re almost fully invested and strategically engaged.
Trades of the Week
We have a few strategic shifts in our portfolio this week. New Buys include HL, MP, and STOK. HL (Hecla Mining Company) joins our ranks from the mining sector, offering a solid addition with its momentum in precious metals. MP (MP Materials), also in the mining sector, is here for its unique connection to rare earth elements. STOK (Stoke Therapeutics), from the healthcare sector, brings cutting-edge innovation to our portfolio. On the flip side, we’ve exited CCL (Carnival Corporation) and GEV (Global Environment Energy) to realign our momentum strategy. As part of our rebalancing, we’ve reduced their positions in AMD and WDC to stay dynamically poised.
Portfolio Highlights
The Technology sector continues to lead, often playing a crucial role as a growth engine in portfolios due to its innovative potential. Our top holdings are MEDP, FLEX, and NVDA, showcasing diversity across various industries. This week, AMD was our best performer, with an impressive increase of 27.75%, whereas PSIX was our laggard, dropping by 18.45%. Notably, in September, the Trade Tuesday Momentum Portfolio gained 8.8% and is now up 19.2% for the year. We’re very excited to see what the 4th quarter will bring.
We’re eager to hear your thoughts and insights—drop a comment below and keep the conversation going!
This week’s transactions:
Index Distribution:
The majority of our portfolio is currently made up of stocks from the S&P 400 sector.
Current portfolio allocation:
The Technology sector is currently our top dog in terms of portfolio allocation.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| MEDP | Medpace Holdings Inc | S&P 400 | Healthcare | 14.85B | -3.42% | 0.08 |
| FLEX | Flex Ltd | S&P 400 | Technology | 21.40B | -4.58% | 0.073 |
| NVDA | NVIDIA Corp | S&P 500 | Technology | 4508.62B | -2.88% | 0.072 |
| FIX | Comfort Systems USA, Inc | S&P 400 | Industrials | 28.85B | -4.08% | 0.056 |
| AVGO | Broadcom Inc | S&P 500 | Technology | 1586.08B | -10.25% | 0.051 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 434.60B | -3.58% | 0.045 |
| AMD | Advanced Micro Devices Inc | S&P 500 | Technology | 342.66B | -6.86% | 0.045 |
| FN | Fabrinet | S&P 400 | Technology | 13.15B | -7.38% | 0.044 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 10.57B | -7.73% | 0.042 |
| KTOS | Kratos Defense & Security Solutions Inc | S&P 400 | Industrials | 17.47B | 0.50% | 0.041 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 7.78B | -3.09% | 0.04 |
| CDE | Coeur Mining Inc | Barrons 400 | Basic Materials | 12.09B | -4.47% | 0.04 |
| ORCL | Oracle Corp | S&P 500 | Technology | 809.32B | -17.62% | 0.039 |
| WDC | Western Digital Corp | S&P 500 | Technology | 41.68B | -12.57% | 0.038 |
| HL | Hecla Mining Co | Barrons 400 | Basic Materials | 8.10B | -4.99% | 0.038 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 11.04B | -11.55% | 0.035 |
| STOK | Stoke Therapeutics Inc | Barrons 400 | Healthcare | 1.46B | -4.59% | 0.034 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 21.64B | -11.90% | 0.031 |
| PSKY | Paramount Skydance Corp | S&P 500 | Communication Services | 19.78B | -10.93% | 0.028 |
| RDDT | Reddit Inc | Barrons 400 | Communication Services | 38.83B | -26.67% | 0.027 |
| WLDN | Willdan Group Inc | Barrons 400 | Industrials | 1.34B | -24.30% | 0.026 |
| MP | MP Materials Corporation | S&P 400 | Basic Materials | 13.12B | -10.17% | 0.024 |
| ALAB | Astera Labs Inc | Barrons 400 | Technology | 35.65B | -18.41% | 0.022 |
| PSIX | Power Solutions International Inc | Barrons 400 | Industrials | 1.94B | -30.69% | 0.017 |
| cash | Cash | Cash | Cash | – | - | 0.012 |
As always, more trades next week!