This week, we did 3 new trades: 2 buys and 1 sell.
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 11.
Welcome back to the portflio update for this week. We’re seeing a steady environment with the S&P 500 staying above its 200-day moving average for 208 days. This bullish signal has allowed us to nearly be fully invested, with a cash position holding at just 7.8%.
Let’s talk about what’s new in our portfolio. This week, we’ve initiated two new positions: Albemarle Corporation (ALB) and Moderna (MRNA). Albemarle is a global producer of specialty chemicals, while Moderna is a biotechnology firm known for its mRNA vaccine technology. On the flip side, we’ve decided to part ways with Warner Bros. Discovery (WBD) as it no longer ranks highly in our momentum-based strategy, as detailed in Andreas Clenow’s ‘Stocks On The Move’.
Our technology sector remains a significant portion of the portfolio. This sector often plays a crucial role in driving growth and innovation. Some of the companies contributing to this category include ATI, though our top holdings also feature cash and TER, a company providing testing solutions for electronics. Meanwhile, our best performer, Roivant Sciences (ROIV), saw a gain of over 2%, whereas Southwest Airlines (LUV) was the week’s laggard with a decline of nearly 13%.
We’d love to hear from you. Share your thoughts about these trades or the strategy in the comments below.
This week’s transactions:
-
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:
Most of our holdings are from the S&P 500 index right now.
Current portfolio allocation:
The Technology sector is currently our top dog in terms of portfolio allocation.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| ATI | ATI Inc | S&P 400 | Industrials | 22.06B | -4.20% | 0.078 |
| cash | Cash | Cash | Cash | – | - | 0.078 |
| TER | Teradyne, Inc | S&P 500 | Technology | 47.80B | -11.49% | 0.076 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 21.61B | 0.56% | 0.072 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 279.31B | -11.11% | 0.069 |
| CIEN | CIENA Corp | S&P 500 | Utilities | 48.69B | -5.89% | 0.061 |
| DG | Dollar General Corp | S&P 500 | Consumer Defensive | 32.77B | -5.92% | 0.056 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 49.04B | -7.06% | 0.053 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 16.85B | -13.26% | 0.05 |
| WDC | Western Digital Corp | S&P 500 | Technology | 93.77B | -10.76% | 0.05 |
| DAR | Darling Ingredients Inc | S&P 400 | Consumer Defensive | 8.30B | -3.54% | 0.046 |
| MU | Micron Technology Inc | S&P 500 | Technology | 464.71B | -9.35% | 0.045 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 20.09B | -17.25% | 0.035 |
| MKSI | MKS Inc | S&P 400 | Technology | 15.49B | -14.64% | 0.033 |
| TTMI | TTM Technologies Inc | S&P 400 | Technology | 10.29B | -12.29% | 0.031 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 85.64B | -14.60% | 0.029 |
| MRNA | Moderna Inc | S&P 500 | Healthcare | 21.68B | -7.80% | 0.028 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 273.48B | -14.68% | 0.024 |
| LUV | Southwest Airlines Co | S&P 500 | Industrials | 21.32B | -21.27% | 0.024 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 16.28B | -9.78% | 0.02 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 31.87B | -16.57% | 0.017 |
| COHR | Coherent Corp | S&P 400 | Technology | 49.94B | -11.27% | 0.013 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 10.98B | -22.21% | 0.013 |
As always, more trades next week!