📊 Copiers Weekly Portfolio Update 🚀 (Week 41: Oct 7th – Oct 15th)
📈 Market Overview:
Wall Street navigated a turbulent week with mixed stock performance. Heightened geopolitical tensions in the Israel-Gaza conflict led investors to seek refuge in safe-haven assets like U.S. Treasury bonds and gold. FOMC voting member Patrick Harker’s reassuring comments about not expecting further interest rate hikes provided some relief. Positive sentiment in the financial sector followed strong Q3 earnings reports from $JPM (JPMorgan Chase & Co) , Citigroup (C), and Wells Fargo (WFC). JPMorgan’s record net interest income and increased full-year guidance were notable.
🛢️ Eye on Oil:
Crude oil prices surged due to an unexpected attack by Hamas on Israel, prompting an all-out war declaration. Concerns about oil supply risks emerged. $XOM (Exxon-Mobil) $60B deal for Pioneer Natural Resources (PXD) added complexity to the energy sector, positioning Exxon as a dominant player in the Permian Basin.
🥿 Weak Debut for Birkenstock (BIRK):
Birkenstock’s highly-anticipated IPO opened lower than expected, raising questions about its premium valuation. Analysts caution against the stock due to weak profitability, emphasizing potential risks.
🚗 Strike at Ford (F):
The United Auto Workers’ strike at Ford’s Kentucky Truck Plant, with 8.7K members joining picket lines, led to widespread layoffs affecting GM, Ford, and Stellantis. The potential impact on profit margins is under scrutiny.
📉 Inflation Check:
Retail inflation slowed in September but exceeded expectations, driven by surging rental costs. The Consumer Price Index and Core CPI data influenced market movements, contributing to lower stock markets and higher Treasury yields.
💼 U.K. Approval for $MSFT (Microsoft) Activision Blizzard (ATVI) Deal:
Microsoft’s revised $69B offer for Activision Blizzard received U.K. regulatory approval, marking a significant milestone in the tech sector’s largest-ever acquisition. Exclusions and uncertainties remain, prompting analysts to rate Activision a ‘Hold.’
📈 Weekly Movements:
U.S. Indices:
Dow +0.8%
S&P 500 +0.5%
Nasdaq -0.2%
S&P 500 Sectors:
Energy +4.5%
Utilities +3.6%
Technology +0.2%
World Indices: London +1.4%
France -0.8%
Germany -0.3%
Japan +4.2%
📊 Top Portfolio Performers (WEEK):
PUMP: +11.70%
$NVO (Novo-Nordisk A/S SPONS ADR): +10.88%
PBR: +9.58%
LLY (Eli Lilly & Co): +7.78%
OXY: +4.84%
ENPH: +3.90%
EWZ: +3.00%
LULU: +3.85%
Santiago1000: +0.17%
💡 What’s Ahead Next Week:
Investors will focus on economic and earnings releases amid geopolitical uncertainties. Key events include U.S. retail sales, industrial production, housing starts, and a crucial speech by Federal Reserve Chairman Jerome Powell.
📆 Upcoming Events:
Earnings reports from $TSLA (Tesla Motors, Inc.) , Procter & Gamble (PG), Johnson & Johnson (JNJ), Bank of America (BAC), Netflix (NFLX), and Taiwan Semiconductor (TSM) will shape sector trends. Dividend updates from Apple Hospitality (APLE), Visa (V), Blackstone (BX), Penske Automotive (PAG), and Hubbell (HUBB) are anticipated. 📊 Quant Ratings Update: Recent changes include Berkshire Hathaway (BRK.B) upgraded to Strong Buy, Neogen (NEOG) to Buy, and ARK Next Generation Internet ETF (ARKW) downgraded to Sell.
See u,
Santiago
