Good afternoon,
The portfolio increased for the second consecutive week, growing +1.17% in the week. Awesome!
(Seeking Alpha) Stocks rebounded on Friday from two days of losses after the latest payrolls data showed stronger than expected U.S. job creation. “The jobs report was mostly strong across the board and reinforces the idea that we’re in the midst of a ‘Goldilocks’ economy where inflation isn’t running too hot or too cold,” said Scott Ladner, chief investment officer at Horizon Investments. For the week, the S&P500 $SPX500 $SPY ended +0.2%, the Dow $DJ30 $DIA fell -0.1% and the Nasdaq Composite $NSDQ100 $QQQ closed +0.2% at an all-time high. The tech-heavy Nasdaq has now recorded six straight weeks of gains, while the S&P500 has booked two weeks in a row of gain.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$CMG +4.84%
$ZYNE +4.19%
$UBNT +3.11% (earnings report to 05-09-19)
$ETSY +2.87% (earnings report to 05-14-19)
$ZEN +1.38% (earnings reported 04-30-19)
$PYPL +1.27%
$AMD +1.22% (earnings reported 04-30-19)
$CYBR +1.11% (earnings report to 05-14-19)
$AMZN +0.61%
$MA +0.51%
$AZO -0.02% (earnings report to 05-28-19)
$MSFT -0.76%
I added $MA and $ZYNE . Stocks that are on my radar and that interest me are $CMCSA $BRK.B $VALE $PBR $V $GOOG $FB $INTU $BB $AAPL $ZNGA $CSCO $SHOP $MELI and $ATHM . $MA continues to provide enough arguments to support a bullish stance towards the stock, given the growth opportunities enabled by (1) the ongoing transition to plastic and electronic payments, (2) geographic expansion into under-penetrated markets, (3) growth in e-commerce, and (4) the rise of peer-to-peer and other “alternative” transaction forms. $ZYNE , the stock of cannabinoid therapy rocketed ahead some 285.5% year-to-date.
(Seeking Alpha) Elon Musk and the SEC are finally heading out of the boxing ring as U.S. District Judge Alison Nathan approved a deal that will govern the Tesla $TSLA CEO’s use of Twitter $TWTR . The settlement lays out in more detail what types of statements by Musk must be reviewed by Tesla’s legal counsel before publication, such as financial statements, previously unreported production figures and delivery numbers. SEC Commissioner Robert Jackson still decried the agency’s agreement, saying Musk had not yet admitted what is “crystal clear to anyone who has followed this bizarre series of events.”
On Friday, The Labor Department reported nonfarm payrolls rose 263K in April to sail past the consensus estimate of +180K. Wage growth, though, wasn’t quite as strong as expected. Average hourly earnings increased by 3.2% Y/Y vs. consensus of 3.3%. February and March’s nonfarm payrolls print were revised to net out to a 16K increase to previously reported numbers. Perhaps the most dramatic number in the report is the 3.6% unemployment rate for April, which is the lowest since December 1969.
“One of the fellows in the office that manage money… bought some Amazon $AMZN ,” Warren Buffett $BRK.B told CNBC ahead of this weekend’s Capitalist Woodstock. The Oracle himself did not make the purchases (meaning it was either Todd Combs or Ted Weschler), but Buffett said he’s been a fan of Amazon and “an idiot for not buying.” Berkshire Hathaway has lagged the broader market this year, with the stock up just +6.6% in 2019, compared to a nearly +18% gain for the S&P500.
Yesterday – Investors are dumping risk in markets all over the world as an equity selloff takes hold following a tweet from President Trump that threatened to upend trade talks with China. With discussions moving “too slowly,” tariffs on $200B worth of China-made goods will rise from 10% to 25% by the end of this week, and a similar levy on another $325B could be placed on China imports “shortly.”
I hope everyone has a winning week!
Best regards,
Santiago
