Our trades this week totaled 4, comprising 2 buys and 2 sells.
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 05.
Weekly Portfolio Update: January Market Moves
As we wrap up January, the market enviroment has been interesting with the S&P 500 fluctuating, but it’s still holding above its 200-day moving average for 179 days straight—showing some underlying resilience. With a cash reserve at just 0.3%, we’re almost fully invested, giving us little room for new positions but ample exposure to our current strategy.
This week, there were some notable trades. We added ATI to our portfolio, known for manufacturing specialty materials globally across various sectors. We also initiated a position in MTSI, a player in the semiconductor market. Meanwhile, we sold off CYTK, which fell out of our ranking list, and INTC, following a significant drop last week. We’ve made some adjustments to our existing portfolio, trimming our holding in HL.
Our current holdings put the Technology sector at the forefront, a typical driver in many portfolios due to its growth potential and innovation trend. Companies like WBD, AMAT, and GMED remain key parts of our holdings. This week, HL stood out as the best performer with an impressive gain of over 18%, while AA had a tougher time, dropping by over 8%.
Feel free to discuss this update or share how your trading strategy is evolving in the comments below. Your insights are always welcome!
This week’s transactions:
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Rebalanced / added:
- No positions were added to in this week!
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Rebalanced / reduced:
Index Distribution:
Currently, most stocks of the portfolio are coming from the S&P 400:
Current portfolio allocation:
The Technology sector is now the big cheese in our portfolio.
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 | 69.95B | -5.92% | 0.077 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 264.18B | 0.04% | 0.069 |
| GMED | Globus Medical Inc | S&P 400 | Healthcare | 12.56B | -8.01% | 0.067 |
| ATI | ATI Inc | S&P 400 | Industrials | 17.01B | -1.49% | 0.065 |
| TER | Teradyne, Inc | S&P 500 | Technology | 37.19B | -0.62% | 0.063 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 15.86B | -4.65% | 0.059 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 22.60B | -0.23% | 0.057 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 16.50B | -4.71% | 0.054 |
| WDC | Western Digital Corp | S&P 500 | Technology | 86.76B | 1.32% | 0.049 |
| MU | Micron Technology Inc | S&P 500 | Technology | 460.93B | -0.70% | 0.048 |
| CIEN | CIENA Corp | S&P 400 | Technology | 34.15B | -7.15% | 0.047 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 40.84B | -1.70% | 0.046 |
| FN | Fabrinet | S&P 400 | Technology | 17.61B | -7.46% | 0.045 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 15.57B | -10.22% | 0.038 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 35.67B | -6.32% | 0.034 |
| COHR | Coherent Corp | S&P 400 | Technology | 33.31B | -0.62% | 0.032 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 12.55B | -7.99% | 0.032 |
| HAE | Haemonetics Corp | S&P 400 | Healthcare | 3.18B | -22.20% | 0.032 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 80.29B | 1.48% | 0.029 |
| HL | Hecla Mining Co | S&P 400 | Consumer Cyclical | 18.69B | -18.39% | 0.027 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 25.85B | -9.47% | 0.027 |
| cash | Cash | Cash | Cash | – | - | 0.003 |
As always, more trades next week!