Portfolio Update – WEEK 12 (March 16th to March 22th)
Good morning,
Hello, how are you all?
Just spending a little of my life this week. My wife and I have been confined for 1 week. No leaving home. How are you?It was another week where a look at the news would provide little information about stock prices. The COVID-19 spread continued as informed observers expected, but stocks treated the continuing story as fresh news each day. A tumbled of -13.64% for the potfolio this week. Again, as soon as the hysteria is over, the markets should strongly recover. At this point, I recommend that copiers remain calm and keep a long-term view. It’s not the time to panic and sell.
In case of any doubt, you can access the FAQ of my blog: https://santiago1000.it/en/#faq
(Seeking Alpha) Stocks ended their worst week since October 2008 with a sharp selloff into Friday’s close that left both the Dow and S&P 500 more than -4% lower on the day. Stocks were steady until New York Gov. Andrew Cuomo ordered the state’s entire workforce to stay home in an attempt to cope with the coronavirus, following California’s statewide “stay at home” order issued last night. CNBC also reported that Ronin Capital, a clearing firm at the CME Group, was unable to meet its capital requirements. Analysts at Goldman Sachs now expect U.S. growth to contract 24% in the second quarter, which would mark by far the largest quarterly drop in GDP on record. All three top benchmark indexes suffered their worst weekly performances since the 2008 financial crisis: The Dow $DIA dropped -17% for the week, the S&P 500 $SPY sank -15% and the Nasdaq $QQQ tumbled more than -12%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$AMZN – Amazon.com, Inc. +3.42%
$LULU – Lululemon Athletica Inc. -6.64% (upcoming earnings announce on 03-24-20)
EDU – New Oriental Education & Technology Group Inc. -10.94%
SHOP – Shopify Inc. -11.47%
FB – Facebook, Inc. -12.07%
GOOG – Alphabet Inc. -12.09%
MSFT – Microsoft Corporation -13.52%
NVDA – NVIDIA Corporation -14.57%
PAYC – Paycom Software, Inc. -14.92%
TTD – The Trade Desk, Inc. -15.00%
AAPL – Apple Inc. -17.53%
ENPH – Enphase Energy, Inc. -20.88%
CDW – CDW Corporation -21.46%
MA – Mastercard Incorporated -21.70%
SEDG – SolarEdge Technologies, Inc. -23.60%
No portfolio changes this week.
Stocks/ETFs on my radar and that interest me: TSLA, AMD, MELI, STNE and TLT .
President Trump signed a $100B coronavirus relief bill and Congress turned its focus to broader economic stimulus, weighing a fiscal package of more than $1T that includes helicopter cash for Americans. Treasury Secretary Steven Mnuchin also said corporations would be able to defer tax payments of up to $10M, while individuals could defer up to $1M in payments to the IRS. Adding to the sentiment, the Fed announced reopened crisis-era commercial paper and money market funding facilities and increased access to dollars to global central banks grappling with liquidity shortages.
A new record was seen during the week as the S&P 500 swung 4% or more in either direction for seven consecutive sessions, topping the previous record of six days from November 1929. “Although the contemporary crisis is loaded with bad news, this has not been its primary problem. It’s the ‘unknown,'” said Jim Paulsen of The Leuthold Group. “Give me bad news any day over complete uncertainty.” Headlines were filled with “circuit breakers, “limit up and limit downs,” while Wall Street recorded its worst day since the 1987 crash on Monday.
Thanks for reading.
Best regards,
Santiago
