During the past week, we made 2 new trades - 1 buy(s) and 1 sell(s).
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 44.
In this week’s portfolio update, we’re still seeing positive market momentum as the S&P 500 has stayed above its 200-day moving average for the past 118 days. This essential indicator, acting as our regime filter, has allowed us to actively manage and invest our portfolio. With our cash share at just 1.40%, we’re almost fully invested, reflecting a bullish outlook and our confidence in the current market conditions.
This week, we welcomed AppLovin Corp. (APP) into our portfolio. As a tech-focused entity, APP aligns perfectly with our strategy of investing in high-momentum sectors. On the selling side, we had to let go of PSIX Power Solutions as it fell out of the top part of our momentum ranking, thus triggering a need to divest based on our strategy from ‘Stocks On The Move’ by Andreas Clenow. In terms of rebalancing, we’ve added to our existing position in Sally Beauty Holdings (SBH), while we reduced our positions in both Advanced Micro Devices (AMD) and SSR Mining (SSRM) to maintain optimal portfolio balance.
Taking a broader view of our portfolio, the Technology sector holds the spotlight as our top performer, typically known for its growth potential and innovative edge. Our current top holdings include MEDP, FLEX, and FIX, each playing a distinct role in our diversified strategy. Notably, FIX has been our best performer with an impressive gain of over 17%, while MP Materials lagged as the worst performer, down by nearly 19%.
We always look forward to your thoughts and insights. Feel free to share your views on our strategy and recent trades in the comments below.
This week’s transactions:
Index Distribution:
At present, we’re mostly invested in stocks from the S&P 400 sector.
Current portfolio allocation:
Right now, the Technology sector is where most of our money is at.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| MEDP | Medpace Holdings Inc | S&P 400 | Healthcare | 16.68B | -5.25% | 0.067 |
| FLEX | Flex Ltd | S&P 400 | Technology | 23.92B | -3.26% | 0.066 |
| FIX | Comfort Systems USA, Inc | S&P 400 | Industrials | 34.57B | -2.73% | 0.062 |
| AVGO | Broadcom Inc | S&P 500 | Technology | 1723.52B | -2.47% | 0.052 |
| UI | Ubiquiti Inc | Barrons 400 | Technology | 45.08B | -3.72% | 0.048 |
| FN | Fabrinet | S&P 400 | Technology | 15.07B | -2.87% | 0.047 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 447.46B | -2.19% | 0.045 |
| CIEN | CIENA Corp | S&P 400 | Technology | 25.68B | -2.29% | 0.044 |
| SBH | Sally Beauty Holdings Inc | Barrons 400 | Consumer Cyclical | 1.51B | -9.27% | 0.043 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 11.45B | -3.92% | 0.042 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 13.72B | -6.47% | 0.04 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 8.10B | -7.87% | 0.04 |
| ORCL | Oracle Corp | S&P 500 | Technology | 806.43B | -18.18% | 0.036 |
| KTOS | Kratos Defense & Security Solutions Inc | S&P 400 | Industrials | 15.37B | -19.13% | 0.035 |
| AMD | Advanced Micro Devices Inc | S&P 500 | Technology | 422.00B | -0.15% | 0.033 |
| APP | Applovin Corp | S&P 500 | Communication Services | 213.13B | -15.49% | 0.031 |
| TTI | Tetra Technologies, Inc | Barrons 400 | Industrials | 1.04B | -4.45% | 0.03 |
| WDC | Western Digital Corp | S&P 500 | Technology | 42.45B | -9.87% | 0.03 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 21.58B | -12.14% | 0.029 |
| STOK | Stoke Therapeutics Inc | Barrons 400 | Healthcare | 1.80B | -14.90% | 0.028 |
| RDDT | Reddit Inc | Barrons 400 | Communication Services | 40.12B | -24.24% | 0.028 |
| WLDN | Willdan Group Inc | Barrons 400 | Industrials | 1.37B | -22.60% | 0.026 |
| PSKY | Paramount Skydance Corp | S&P 500 | Communication Services | 17.31B | -22.05% | 0.023 |
| HL | Hecla Mining Co | Barrons 400 | Basic Materials | 8.36B | -19.17% | 0.022 |
| MP | MP Materials Corporation | S&P 400 | Basic Materials | 11.81B | -33.46% | 0.02 |
| SSRM | SSR Mining Inc | Barrons 400 | Basic Materials | 4.58B | -13.05% | 0.019 |
| cash | Cash | Cash | Cash | – | - | 0.014 |
As always, more trades next week!