Our trades this week totaled 3, comprising 1 buy and 2 sells.
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 52.
Navigating the current market enviroment, our strategy continues to capitalize on momentum investing by diligently monitoring the S&P 500, which has remained above its 200-day moving average for an impressive 157 days. This positive outlook has supported our investment decisions, allowing us to stay nearly fully invested with only a modest 1.03% in cash reserves.
This week, we’ve made strategic adjustments to our portfolio. We’ve introduced Coherent Corp (COHR), a promising entity in the Technology sector, enhancing our alignment with market momentum. Unfortunately, we had to part ways with Broadcom (AVGO) and InterDigital (IDCC) as these stocks narrowly missed our ranking criteria. In keeping with our strategy which focuses on the adjusted slope as outlined by Andreas Clenow in ‘Stocks On The Move’, any position that drops below our top rankings is promptly sold. Additionally, we have increased our stake in Medpace Holdings (MEDP), a vital play in expanding our holdings within this sector.
As we wrap up the second-to-last update for the year, it’s evident that Technology reigns as the top sector in our portfolio. This sector typically provides robust growth opportunities and resilience amid various market conditions. Our current leading holdings include MEDP, EchoStar (SATS), and Roivant Sciences (ROIV), showcasing a diverse sectoral representation. This week, Lumentum Holdings (LITE) stood out as our best performer with a notable 20.2% increase, while IES Holdings (IESC) faced challenges, marking a 12.2% decline.
With the festive season upon us, we encourage you to reflect on your investment strategies and share your thoughts in the comments. Happy Festivus and here’s to a prosperous new year!
This week’s transactions:
-
Rebalanced / added:
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Rebalanced / reduced:
- No positions were reduced in this week!
Index Distribution:
The majority of our portfolio is currently made up of stocks from the S&P 400 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 |
|---|---|---|---|---|---|---|
| MEDP | Medpace Holdings Inc | S&P 400 | Healthcare | 16.10B | -8.73% | 0.068 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 30.77B | -4.03% | 0.064 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 15.70B | -3.81% | 0.064 |
| TER | Teradyne, Inc | S&P 500 | Technology | 31.01B | -3.42% | 0.058 |
| CIEN | CIENA Corp | S&P 400 | Technology | 33.90B | -2.96% | 0.053 |
| CYTK | Cytokinetics Inc | S&P 400 | Healthcare | 7.80B | -10.17% | 0.05 |
| FN | Fabrinet | S&P 400 | Technology | 17.39B | -8.63% | 0.05 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 17.34B | -2.28% | 0.047 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 72.14B | -2.98% | 0.046 |
| FIX | Comfort Systems USA, Inc | S&P 400 | Industrials | 33.58B | -8.17% | 0.042 |
| WDC | Western Digital Corp | S&P 500 | Technology | 60.31B | -6.55% | 0.039 |
| INTC | Intel Corp | S&P 500 | Technology | 172.86B | -17.67% | 0.037 |
| MU | Micron Technology Inc | S&P 500 | Technology | 308.81B | -2.01% | 0.037 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 8.12B | -15.22% | 0.036 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 27.11B | -2.25% | 0.035 |
| TTI | Tetra Technologies, Inc | Barrons 400 | Industrials | 1.23B | -3.57% | 0.035 |
| HL | Hecla Mining Co | Barrons 400 | Basic Materials | 13.45B | -4.22% | 0.034 |
| COHR | Coherent Corp | S&P 400 | Technology | 29.98B | -4.69% | 0.034 |
| APP | Applovin Corp | S&P 500 | Communication Services | 242.21B | -3.88% | 0.033 |
| POWL | Powell Industries, Inc | Barrons 400 | Industrials | 4.07B | -18.53% | 0.03 |
| STOK | Stoke Therapeutics Inc | Barrons 400 | Healthcare | 1.85B | -16.10% | 0.027 |
| AMD | Advanced Micro Devices Inc | S&P 500 | Technology | 348.94B | -19.75% | 0.025 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 59.80B | -9.36% | 0.025 |
| FLEX | Flex Ltd | S&P 400 | Technology | 23.45B | -12.18% | 0.021 |
| cash | Cash | Cash | Cash | – | - | 0.01 |
As always, more trades next week!