Copiers and Followers Update – WEEK 08 (February 17th to February 23rd)
Good morning,
Hello, how are you all?
Another week in green for the portfolio, it’s been 4 consecutive weeks with positive results! This time rose +2.91%. A great result for the portfolio this week! Strategy continues to work outperforming Wall Street’s top 3 indices.
In case of any doubt, you can access the FAQ of my blog: https://santiago1000.it/en/#faq
(Seeking Alpha) Stocks fell sharply to wrap up a weekly loss that saw the Dow $DIA $DJ30 , S&P500 $SPY $SPX500 and Nasdaq $QQQ $NSDQ100 all shed at least -1%. Weak economic data, plus more worrisome reports about the spread of coronavirus, marked Friday’s action, as IHS Markit’s flash reading for manufacturing and services business activity fell to its lowest level in more than six years, and existing home sales in the U.S. sank 1.3% in January. The week also was marked by a distinct flight-to-safety trade in gold, which has surged near $1,650/oz., and U.S. Treasurys, with the 30-year yield hitting a new all-time low Friday at 1.89% before closing at 1.91%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$ENPH +43.81% (earnings reported 02-18-20)
$SEDG +27.75% (earnings reported 02-19-20)
$LULU +0.59% (upcoming earnings announce on 03-24-20)
$MA -0.37%
$RH -0.73% (upcoming earnings announce on 03-27-20)
$TTD -1.11% (upcoming earnings announce on 02-27-20)
$FB -1.87%
$OLED -1.87% (earnings reported 02-20-20)
$SHOP -1.99%
$GOOG -2.34%
$EDU -2.63%
$CDW -3.17%
$MSFT -3.65%
$AAPL -3.66%
$PAYC -4.47%
There was no change in the portfolio this week.
Stocks/ETFs on my radar and that interest me: $TSLA $NVDA $AMD $AMZN $MELI $STNE and $TLT .
Portfolio earnings reported summary
Enphase Energy (ENPH ) explodes to record highs after topping expectations for Q4 earnings and revenues and guiding for Q1 revenues of $200M-$210M, well above consensus for $174M. Enphase says it shipped more than 2.1M microinverters in the quarter and achieved volume shipments of its highest power microinverter, IQ 7A. The company says shipments of its Encharge battery storage system utilizing Ensemble energy management technology remain on track for March 2020. There have been concerns about Enphase’s supply chain given that the company uses a contract manufacturing facility in China, but its supplier has been steadily ramping back up following Chinese New Year disruptions. In its earnings conference call, Enphase said it does not expect a big impact to Q1 revenue from the coronavirus at this point, but just in case, it is ramping up production capability in Mexico, with a goal to double capacity to 1M microinverters per quarter by Q4.
SolarEdge Technologies (SEDG ) rallies as much as 9% to new all-time highs after Q4 revenues soared 59% Y/Y to $418M, racking up its 18th consecutive quarterly revenue beat. SolarEdge also sees Q1 revenue of $425M-$440M, ahead of $389M analyst consensus estimate. CEO Zvi Lando also helped ease concerns over the impact of the coronavirus outbreak in China, saying on the company’s earnings conference call that he does not expect any disruption to revenue in Q1 or Q2. Lando said SolarEdge has been able to manage the effects of the virus because it already had taken actions in anticipation of increased product demand this year and given the usual manufacturing slowdowns in China during the Lunar New Year holiday. Actions taken included building up inventory and shipping it to distribution centers in Q4 and securing an agreement with contract manufacturer Jabil to keep manufacturing going during the holiday. “As a result, when the Chinese New Year vacation was extended due to the coronavirus, the manufacturing lines at our CM in China continued to operate and manufacture products,” Lando said.
Universal Display (NASDAQ:OLED) reports mixed Q4 results that beat on revenue and missed on EPS. The downside FY20 forecast sees $430-470M in revenue compared to the $499.42M consensus. Q4 material sales revenue totaled $60.8M (last year: $39.9M), and royalty and license revenue was $37.8M (last year: $25.9M). Cost of materials rose from $14.8M last year to $16.3M.
Notable earnings reports: HP Inc. (NYSE:HPQ), Dine Brands (NYSE:DIN), Palo Alto Networks (NYSE:PANW) and Shake Shack (NYSE:SHAK) on February 24; Home Depot (NYSE:HD), Macy’s (NYSE:M), Lumber Liquidators (NYSE:LL), Caesars Entertainment (NASDAQ:CZR), Virgin Galactic (SPCE) and Saleforce.com (NYSE:CRM) on February 25; Lowe’s (NYSE:LOW), Square (NYSE:SQ), J.M. Smucker (NYSE:SJM), Wendy’s (NASDAQ:WEN), TJX Companies (NYSE:TJX), Etsy (NASDAQ:ETSY) and Box (NYSE:BOX) on February 26, VMWare (NYSE:VMW), Cronos Group (NASDAQ:CRON), Anheuser-Busch InBev (NYSE:BUD) Toronto-Dominion Bank (NYSE:TD), Autodesk (NASDAQ:ADSK), Workday (NASDAQ:WDAY) and Best Buy (NYSE:BBY) on February 27; Foot Locker (NYSE:FL) and Wayfair (NYSE:W) on February 28.
Coronavirus news could send investors scrambling back and forth once again as major multinationals look for normalcy with their operations. Companies like Toyota (NYSE:TM) are slowly resuming production in China and keeping a close watch on the outbreak in Japan and South Korea. Meanwhile, President Trump is set to visit India next week. No major trade announcements are anticipated for the visit to Ahmedabad, New Delhi and Agra, but Westinghouse is expected to announce a deal with state-run Nuclear Power Corporation for six nuclear reactors. On the economic front, Q4 GDP is due out on February 28. Economists forecast 2.1% growth for the U.S. economy for the last quarter of 2020, while the early estimate for Q1 of 2020 is +1.7%.
Thanks for reading.
Best regards,
Santiago
