During the past week, we made 5 new trades - 3 buy(s) and 2 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 46.
Navigating the Ups and Downs: This Week’s Portfolio Update
As we approach the end of the week, the momentum-driven strategy shaped by Andreas Clenow in ‘Stocks On The Move’ continues to guide our portfolio decisions. For 128 days, the S&P 500 has remained above its 200-day moving average—a strong bullish indicator and a green light for opening new positions. With our cash share at a modest -0.46%, it’s safe to say that we’re almost fully invested.
Trades of the Week
Our strategy led to new buys in three stocks: Intel (INTC), a leading name in the semiconductor industry, Seagate Technology (STX), a major supplier of data storage solutions, and Warner Bros. Discovery (WBD), a powerhouse in the media and entertainment sector. These additions align with our momentum-based approach and technical conditions.
Unfortunately, we had to say goodbye to PSKY and Ubiquiti Inc. (UI). Notably, UI faced a sharp downturn last Friday, November 7, following disappointing news and failed to rebound, triggering a sale due to a drop greater than 15%.
In terms of rebalancing, we strategically trimmed our positions in Comfort Systems USA (FIX), Lumentum Holdings (LITE), and Sally Beauty Holdings (SBH) as part of maintaining a balanced portfolio.
Portfolio Summary
Our top sector, Technology, plays a pivotal role in offering both growth potential and defensive characteristics during volatile times. MEDP, FLEX, and WBD currently lead our top holdings, each bringing distinct strengths to the table. Meanwhile, Lumentum Holdings (LITE) shined as this week’s best performer with an impressive gain of nearly 29%, while Stoke Therapeutics (STOK) was our worst performer, dropping over 25%.
Feel free to share your thoughts or questions in the comments section. Your engagement helps us create content that resonates with our community of fellow investors.
This week’s transactions:
Index Distribution:
The S&P 500 sector is where most of our investments are right now.
Current portfolio allocation:
At the moment, the largest slice of our portfolio is coming from the Technology sector.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| MEDP | Medpace Holdings Inc | S&P 400 | Healthcare | 16.74B | -4.90% | 0.067 |
| FLEX | Flex Ltd | S&P 400 | Technology | 22.86B | -7.75% | 0.065 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 56.81B | -0.58% | 0.059 |
| FN | Fabrinet | S&P 400 | Technology | 15.85B | -11.14% | 0.052 |
| AVGO | Broadcom Inc | S&P 500 | Technology | 1652.09B | -9.48% | 0.052 |
| CIEN | CIENA Corp | S&P 400 | Technology | 28.53B | -5.56% | 0.05 |
| FIX | Comfort Systems USA, Inc | S&P 400 | Industrials | 33.48B | -6.97% | 0.047 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 450.05B | -9.01% | 0.046 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 11.50B | -10.68% | 0.043 |
| INTC | Intel Corp | S&P 500 | Technology | 180.36B | -10.99% | 0.042 |
| WDC | Western Digital Corp | S&P 500 | Technology | 59.54B | -1.18% | 0.042 |
| IDCC | Interdigital Inc | Barrons 400 | Technology | 9.27B | -12.74% | 0.041 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 7.97B | -9.34% | 0.039 |
| MU | Micron Technology Inc | S&P 500 | Technology | 270.24B | -6.34% | 0.036 |
| POWL | Powell Industries, Inc | Barrons 400 | Industrials | 4.35B | -12.74% | 0.036 |
| TTI | Tetra Technologies, Inc | Barrons 400 | Industrials | 1.07B | -2.14% | 0.032 |
| APP | Applovin Corp | S&P 500 | Communication Services | 202.54B | -19.62% | 0.031 |
| AMD | Advanced Micro Devices Inc | S&P 500 | Technology | 387.93B | -10.78% | 0.031 |
| KTOS | Kratos Defense & Security Solutions Inc | S&P 400 | Industrials | 12.97B | -31.75% | 0.03 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 20.73B | -15.59% | 0.028 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 61.61B | -2.54% | 0.028 |
| HL | Hecla Mining Co | Barrons 400 | Basic Materials | 9.83B | -5.03% | 0.027 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 17.75B | -8.58% | 0.025 |
| STOK | Stoke Therapeutics Inc | Barrons 400 | Healthcare | 1.28B | -42.28% | 0.019 |
| SSRM | SSR Mining Inc | Barrons 400 | Basic Materials | 4.23B | -19.80% | 0.018 |
| SBH | Sally Beauty Holdings Inc | Barrons 400 | Consumer Cyclical | 1.43B | -13.85% | 0.018 |
| cash | Cash | Cash | Cash | – | - | -0.005 |
As always, more trades next week!