🚀 Weekly Portfolio Update 🚀 (Week 48: Nov 27th – Dec 03rd)
Dear Copiers,
Here’s a quick dive into my weekly portfolio performance for Week 48:
📈 Market Overview:
Stocks soared, with S&P 500 and Dow Jones hitting year-highs. Fed Chair Powell’s signals on interest rates fueled optimism. Santiago1000 rose +0.18%, Dow rallied 2.4%, S&P climbed 0.7%, Nasdaq gained 0.4%. Treasury yields fell to 4.225%.
🚗Cybertruck
Traders weren’t impressed with Tesla’s Cybertruck launch at the Austin Gigafactory. $TSLA (Tesla Motors, Inc.) shares fell 1.7% during the regular session and another 2.1% after hours. The electric pickup, with a starting price of $60,990, faced skepticism due to delays in availability (2025 for base edition) and discrepancies in promised specs like speed and range. Investors await proof of Cybertruck’s performance before applauding.
📊Investing Legend
Investing legend Charlie Munger, Warren Buffett’s long-time collaborator, passed away peacefully at the age of 99 in a California hospital. Munger, the vice chairman of $BRK.B (Berkshire Hathaway Inc) and one of its major shareholders, had an estimated net worth of around $2.5 billion. Together with Buffett, they transformed Berkshire from a textile manufacturer into a conglomerate over a partnership spanning nearly six decades.
🌐 World Indices:
London +0.6%, France +0.7%, Germany +2.3%, Japan -0.6%, China -0.3%, Hong Kong -4.1%, India +2.3%.
💹 Forex and Cryptos:
EUR/USD -0.51%, USD/JPY -1.77%, GBP/USD +0.86%, Bitcoin +2.7%, Ethereum +0.5%.
📊 Top Performers (WEEK):
$CROX (Crocs Inc): +12.65%
$LULU (Lululemon Athletica Inc): +8.07%
$MELI (MercadoLibre): +7.59%
FCX: +6.51%
TTD: +6.44%
ENPH: +6.29%
BLDR: +3.39%
ARGT: +3.33%
MHO: +3.21%
Santiago1000: +0.18%
💡 What’s Ahead Next Week:
U.S. jobs report on Friday, impacting interest rate decisions. Events from Shopify, McDonald’s, Johnson & Johnson, and earnings from Broadcom, Lululemon, and more.
📆 Earnings Spotlight:
Dec 6: C3.ai (AI), Chewy (CHWY), GameStop (GME). Dec 7: Broadcom (AVGO), Lululemon (LULU), Dollar General (DG). 🌐 IPO Watch: No new IPOs, but Panera Brands and Shein filing for IPOs in 2024.
🗓️ Conference Schedule:
Barclays Global Tech Conference, Craig-Hallum’s Online Gaming Conference, Raymond James Tech Investors Conference, Morgan Stanley’s Global Consumer & Retail Conference, Wolfe Research Small & Mid-Cap Conference.
Stay tuned for more updates!
Until next time,
Santiago 🚀
