In the past week, we made 7 new trades: 3 buys and 4 sells.
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 10.
Market Update:
This week marked a noteworthy milestone as the S&P 500 has stayed above its 200-day moving average for an impressive 203 days. It serves as a reassuring enviroment for momentum trading strategies like ours, based on the guidelines laid out by Andreas Clenow in Stocks On The Move. Currently, with a cash share at 8.7%, we’re almost fully invested, positioning our portfolio to catch the on-going trends.
Trades This Week:
We’ve initiated positions in DAR: a company known for its role in the agricultural sector, DG: a major player in the discount retail space, and TTMI: specializing in advanced technology solutions. On the flip side, we’ve exited ALB, GMED, HL, and LITE. GMED was sold after it no longer held a top-ranking position. ALB, HL, and LITE experienced significant drops today prompting sales. It’s also worth noting that we didn’t perform any adjustments on our existing positions this week.
Summary and Insights:
Our commitment to the technology sector remains strong, showcasing its typical role as a driver of growth through firms like TER and ATI. This sector remains the top pick, reflecting the rapid pace of innovation and integral part it plays in a diversified portfolio. Our current top holdings include cash, TER, and ATI. In terms of performance, COHR stands out with a stellar return of over 20%, while STX struggled with a decline of nearly 7.7%.
Today, we got quite close to the 200-day moving average of the S&P 500, but thanks to an intraday reversal, we avoided dipping too close. This week’s activity helps reinforce our stance and keeps us in tune with the market’s momentum. Feel free to share your thoughts or questions in the comments below.
This week’s transactions:
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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:
Right now, most of the stocks in our portfolio are from the S&P 500 category.
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 |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | - | 0.087 |
| TER | Teradyne, Inc | S&P 500 | Technology | 47.91B | -11.28% | 0.078 |
| ATI | ATI Inc | S&P 400 | Industrials | 21.50B | -6.60% | 0.078 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 279.10B | -11.18% | 0.071 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 20.15B | -3.60% | 0.064 |
| CIEN | CIENA Corp | S&P 500 | Utilities | 46.87B | -9.44% | 0.064 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 18.15B | -6.58% | 0.056 |
| DG | Dollar General Corp | S&P 500 | Consumer Defensive | 33.90B | -2.66% | 0.055 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 48.68B | -7.74% | 0.052 |
| WDC | Western Digital Corp | S&P 500 | Technology | 85.08B | -19.02% | 0.049 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 70.01B | -5.90% | 0.046 |
| DAR | Darling Ingredients Inc | S&P 400 | Consumer Defensive | 8.48B | -1.17% | 0.046 |
| MU | Micron Technology Inc | S&P 500 | Technology | 429.39B | -16.24% | 0.045 |
| MKSI | MKS Inc | S&P 400 | Technology | 15.62B | -13.93% | 0.035 |
| TTMI | TTM Technologies Inc | S&P 400 | Technology | 10.85B | -7.54% | 0.034 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 77.86B | -22.36% | 0.027 |
| LUV | Southwest Airlines Co | S&P 500 | Industrials | 23.62B | -12.76% | 0.025 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 270.86B | -15.50% | 0.025 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 16.70B | -5.44% | 0.019 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 33.60B | -11.75% | 0.017 |
| COHR | Coherent Corp | S&P 400 | Technology | 52.27B | -6.79% | 0.014 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 11.09B | -21.47% | 0.013 |
As always, more trades next week!