We held steady this week with no new trades.
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 48.
As we wrap up this trading week, we’re observing a stable market envirnment, with the S&P 500 maintaining its position above the 200-day moving average for 138 days. This positive signal aligns with our momentum-based strategy as outlined by Andreas Clenow in ‘Stocks On The Move’, suggesting that market conditions are favorable for new opportunities. Our current cash share of approximately 3.53% indicates that we are nearly fully invested, which reflects the current market confidence.
This week, we saw no new buys or sells. Our portfolio adjustments were quiet as there were no rebalances either. This lack of activity resonates with our strategy to be cautious when the portfolio holdings are performing within acceptable parameters. As detailed in Clenow’s approach, new investments are only considered when broad market conditions meet our specific criteria.
In summary, the Technology sector continues to dominate as our top performer, often contributing resilience and growth to portfolios. Our leading holdings include WBD, AVGO, and TER, each offering unique strengths across diverse sectors. Notably, LITE shone brightly with a remarkable performance increase of over 20%, while AMD experienced a dip, down by approximately 14%. As we remain almost fully vested, we’ll continue to monitor and adjust as the markets evolve.
We wish everyone a Happy Thanksgiving! Your insights are invaluable to us, so please feel free to share your thoughts in the comments below.
This week’s transactions:
-
Sold:
- No sells in this week!
-
Bought:
- No buys in this week!
-
Rebalanced / added:
- No positions were added to in this week!
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Rebalanced / reduced:
- No positions were reduced in this week!
Index Distribution:
We’re mainly invested in stocks from the S&P 500 group at the moment.
Current portfolio allocation:
The biggest share of our portfolio is currently allocated to the Technology sector.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 56.82B | -5.21% | 0.061 |
| AVGO | Broadcom Inc | S&P 500 | Technology | 1818.25B | -0.38% | 0.058 |
| TER | Teradyne, Inc | S&P 500 | Technology | 26.26B | -12.47% | 0.056 |
| FN | Fabrinet | S&P 400 | Technology | 15.39B | -13.72% | 0.05 |
| CIEN | CIENA Corp | S&P 400 | Technology | 27.68B | -8.37% | 0.049 |
| FIX | Comfort Systems USA, Inc | S&P 400 | Industrials | 33.76B | -6.20% | 0.048 |
| IDCC | Interdigital Inc | Barrons 400 | Technology | 9.21B | -13.34% | 0.042 |
| INTC | Intel Corp | S&P 500 | Technology | 170.91B | -15.65% | 0.041 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 8.09B | -8.00% | 0.041 |
| WDC | Western Digital Corp | S&P 500 | Technology | 53.13B | -12.91% | 0.039 |
| STRL | Sterling Infrastructure Inc | S&P 400 | Industrials | 10.23B | -20.56% | 0.039 |
| cash | Cash | Cash | Cash | – | - | 0.035 |
| MU | Micron Technology Inc | S&P 500 | Technology | 252.03B | -13.83% | 0.034 |
| POWL | Powell Industries, Inc | Barrons 400 | Industrials | 3.78B | -24.32% | 0.031 |
| TTI | Tetra Technologies, Inc | Barrons 400 | Industrials | 1.00B | -10.18% | 0.031 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 14.51B | -2.29% | 0.031 |
| MEDP | Medpace Holdings Inc | S&P 400 | Healthcare | 17.23B | -2.11% | 0.031 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 20.65B | -2.91% | 0.029 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 20.44B | -16.83% | 0.028 |
| HL | Hecla Mining Co | Barrons 400 | Basic Materials | 10.04B | -6.93% | 0.028 |
| APP | Applovin Corp | S&P 500 | Communication Services | 187.91B | -25.43% | 0.028 |
| AMD | Advanced Micro Devices Inc | S&P 500 | Technology | 335.60B | -22.82% | 0.028 |
| STOK | Stoke Therapeutics Inc | Barrons 400 | Healthcare | 1.70B | -22.93% | 0.027 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 55.93B | -12.08% | 0.026 |
| CYTK | Cytokinetics Inc | S&P 400 | Healthcare | 8.26B | -0.63% | 0.025 |
| FLEX | Flex Ltd | S&P 400 | Technology | 21.21B | -14.40% | 0.021 |
| SBH | Sally Beauty Holdings Inc | Barrons 400 | Consumer Cyclical | 1.56B | -8.10% | 0.021 |
| SSRM | SSR Mining Inc | Barrons 400 | Basic Materials | 4.39B | -16.82% | 0.019 |
As always, more trades next week!