Our weekly trading summary shows 5 new trades, with 3 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 06.
Weekly Portfolio Update: Riding the Market Waves
As we sail through this week’s market enviroment, we notice that the S&P 500 has been above its 200-day moving average for 184 days. This means our momentum-based strategy, inspired by Andreas Clenow’s ‘Stocks On The Move’, allows us to make new buys. With a cash share of just 0.3%, it’s safe to say we’re nearly fully invested in our portfolio.
This Week’s Buys and Sells
We’re excited to bring some new faces into our portfolio. Illumina (ILMN), a key player in genetic analysis, Lam Research (LRCX), which supplies tools for semiconductor production, and MKS Instruments (MKSI), known for its technology in the semiconductor industry, are our new buys this week. These additions reflect our strategy to focus on high-momentum stocks, particularly within the thriving Technology sector.
On the flip side, we’ve decided to part ways with Fabrinet (FN) and Haemonetics Corporation (HAE). These stocks have dipped below their 100-day moving averages, prompting us to sell as part of our disciplined strategy.
In terms of rebalancing, we reduced our positions in Globus Medical (GMED) and Warner Bros. Discovery (WBD). This helps keep our portfolio aligned with the latest market momentum indicators.
Portfolio Highlights
Technology remains our standout sector, spearheading growth and innovation in our portfolio. This week, our top holdings include Applied Materials (AMAT), Teradyne (TER), and Allegheny Technologies (ATI), showcasing the diversity of sectors we’re involved in. While Seagate Technology (STX) shined as our best performer with a gain of over 25%, Hecla Mining (HL) took a hit, dropping about 32%.
Interestingly, January was a very good month for us, reflecting an 11% increase. As always, we’re monitoring the market closely to ensure our portfolio remains well-balanced and poised for potential growth.
Are you following a similar strategy, or do you have different insights on market momentum? We’d love to hear your thoughts – feel free to share in the comments below!
This week’s transactions:
Index Distribution:
Our biggest stock holdings at the moment are in the S&P 400 category.
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 |
|---|---|---|---|---|---|---|
| AMAT | Applied Materials Inc | S&P 500 | Technology | 255.78B | -6.39% | 0.07 |
| TER | Teradyne, Inc | S&P 500 | Technology | 42.92B | 7.38% | 0.067 |
| ATI | ATI Inc | S&P 400 | Industrials | 16.91B | -2.09% | 0.063 |
| ILMN | Illumina Inc | S&P 400 | Healthcare | 21.37B | -10.08% | 0.056 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 15.32B | -7.88% | 0.056 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 17.20B | -3.07% | 0.055 |
| WDC | Western Digital Corp | S&P 500 | Technology | 95.88B | -0.92% | 0.054 |
| CIEN | CIENA Corp | S&P 400 | Technology | 38.87B | 1.76% | 0.054 |
| MU | Micron Technology Inc | S&P 500 | Technology | 472.13B | -7.91% | 0.053 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 68.14B | -8.35% | 0.049 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 20.30B | -11.85% | 0.048 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 42.29B | -0.12% | 0.047 |
| MKSI | MKS Inc | S&P 400 | Technology | 15.82B | -4.39% | 0.037 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 15.79B | -8.91% | 0.037 |
| GMED | Globus Medical Inc | S&P 400 | Healthcare | 12.03B | -11.84% | 0.036 |
| COHR | Coherent Corp | S&P 400 | Technology | 35.67B | -4.30% | 0.036 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 95.08B | -4.77% | 0.035 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 31.48B | -0.90% | 0.034 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 34.04B | -10.60% | 0.033 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 11.60B | -14.97% | 0.03 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 290.12B | -7.76% | 0.029 |
| HL | Hecla Mining Co | S&P 400 | Consumer Cyclical | 15.49B | -32.35% | 0.019 |
| cash | Cash | Cash | Cash | – | - | 0.003 |
As always, more trades next week!