Over the course of the week, we made 1 new trades — 1 buy and no sells.
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Investing Insights: This Week’s Portfolio Update
This week, let’s take a look at how our portfolio standing has evolved. With the S&P 500 staying above its 200-day moving average for 193 days, our market regime filter remains positive, reflecting a stable investing enviroment. We are almost fully invested with only 5.4% of our portfolio held in cash, which is quite low, allowing us to explore new opportunities cautiously.
In terms of trades, we’ve initiated a new position in LUV, the well-known airline company, leveraging some cash from the portfolio to tap into the airline sector’s potential. This week, there were no new sells to report. We also made a few portfolio adjustments. Specifically, we’ve reduced our positions in AA, AMKR, COHR, HL, and SATS. These rebalances were part of our strategy to maintain optimal holdings in line with current market conditions.
Technology continues to be the top sector in our portfolio, usually playing a vital role in driving growth and innovation. Within this sector, we’ve got companies like TER and AMAT under our investments, along with ATI from other areas. On the performance side, CIEN took the spotlight as our best performer with a notable gain of 11.37%, while HL lagged behind, experiencing a decline of 6.72%.
With each week’s changes, it’s enriching to see how our strategy, centered around momentum ranking, adapts to market conditions. As we keep a keen eye on these updates, we’d love to hear your insights and thoughts, so feel free to drop a comment below.
This week’s transactions:
-
Sold:
- No sells in this week!
-
Bought:
-
Rebalanced / added:
- No positions were added to in this week!
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Rebalanced / reduced:
Index Distribution:
The majority of our portfolio is currently made up of stocks from the S&P 500 sector.
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 |
|---|---|---|---|---|---|---|
| TER | Teradyne, Inc | S&P 500 | Technology | 47.85B | -6.85% | 0.076 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 285.05B | -4.57% | 0.072 |
| ATI | ATI Inc | S&P 400 | Industrials | 19.94B | 1.56% | 0.071 |
| GMED | Globus Medical Inc | S&P 400 | Healthcare | 11.98B | -12.23% | 0.068 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 19.39B | -3.04% | 0.064 |
| CIEN | CIENA Corp | S&P 500 | Utilities | 42.77B | -2.10% | 0.057 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 18.42B | 0.05% | 0.055 |
| cash | Cash | Cash | Cash | – | - | 0.054 |
| WDC | Western Digital Corp | S&P 500 | Technology | 96.32B | -7.61% | 0.053 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 47.19B | -4.38% | 0.05 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 71.25B | -4.17% | 0.048 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 19.91B | -13.68% | 0.046 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 42.87B | -0.56% | 0.045 |
| MU | Micron Technology Inc | S&P 500 | Technology | 449.96B | -12.23% | 0.045 |
| MKSI | MKS Inc | S&P 400 | Technology | 17.66B | -1.18% | 0.039 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 90.71B | -9.55% | 0.031 |
| LUV | Southwest Airlines Co | S&P 500 | Industrials | 26.66B | -0.80% | 0.03 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 294.19B | -6.47% | 0.026 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 14.88B | -14.16% | 0.018 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 32.53B | -14.56% | 0.017 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 11.58B | -17.95% | 0.013 |
| COHR | Coherent Corp | S&P 400 | Technology | 41.24B | -11.00% | 0.011 |
| HL | Hecla Mining Co | S&P 400 | Consumer Cyclical | 14.23B | -37.84% | 0.009 |
As always, more trades next week!