Good afternoon,
In this volatile week, the portfolio reacted positively to the small correction and began to grow again, showing its strength and surpassing the 3 main indexes of Wall Street, + 1.25%.
(Seeking Alpha) Stocks stumbled in the final hour of trading to end lower after CNBC reported trade talks between the U.S. and China stalled. In Beijing, China’s Ministry of Commerce called the Trump administration’s latest tariffs moves “bullying behavior” that resulted in severe negotiating setbacks. For the week, the Dow $DJ30 $DIA dropped -0.7%, the S&P500 $SPX500 $SPY slid -0.8% and the Nasdaq Composite $NSDQ100 $QQQ sank -1.3%. U.S. Treasury prices finished mixed in a curve-flattening trade, with the two-year yield rising a basis point to 2.21% and the 10-year yield declining by 2 bps to 2.39%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$ZYNE +21.32%
$MTCH +8.35%
$CYBR +2.44% (earnings reported 05-14-19)
$PYPL +2.16%
$MA +2.07%
$ETSY +1.59%
$CMG +1.48%
$CMCSA +0.90%
$MSFT +0.74%
$ZEN -0.70%
$AMZN -1.11%
$AMD -1.65%
$UBNT -8.11%
I closed $AZO and added $MTCH . Stocks that are on my radar and that interest me are $TTD $VALE $PBR $V $GOOG $FB $INTU $FTNT $BB $AAPL $VEEV $NOW $BKNG $SNPS $ZNGA $SHOP $ZS $MELI $WIX and $ATHM . According to validea.com, the trend following signal for Low PE Investor has changed from BUY to SELL as of market close on 5/17/2019.
(Seeking Alpha) Warren Buffett’s Berkshire Hathaway $BRK.B said it owned 483,300 shares of Amazon $AMZN as of March 31, a stake worth more than $900M based on the company’s closing price on Wednesday of $1,871.15. The week also saw Amazon invest millions in Deliveroo as it led a $575M funding round and offer $10,000 and three months of pay to its employees who quit to start delivery firms. Demand for so-called last-mile delivery is booming as more Americans shop online, but drivers are increasingly scarce due to the tightest U.S. labor market in 50 years.
Apple $AAPL shares slipped -5.8% on Monday as the Supreme Court ruled against the tech giant in its App Store antitrust case. Hundred of millions of dollars in penalties are at stake in the issue. While four iPhone owners had sued the company saying it had unlawfully monopolized the aftermarket for apps, Apple had tried to dismiss the suit saying the owners couldn’t sue because they weren’t direct purchasers.
While it was trading under $6,000 just over a week ago, Bitcoin $BTC continued its record run, reaching as high as $8,324 amid a broader crypto rally. Some bullish news was seen from Microsoft’s $MSFT decentralized project, Ion, on Bitcoin blockchain, as well as Bakkt’s Bitcoin Futures contract launch in July. Cryptos ended the week with a plunge as Bitcoin $BTC on Friday tanked -10% to $7,215, Ethereum $ETHEREUM fell -8% to $241 and Ripple $XRP slid -15% to $0.3993.
I hope everyone has a winning week!
Best regards,
Santiago
