Good morning,
Hello, how are you all?
It was another week where a look at the news would provide little information about stock prices. So, the COVID-19 spread continued as informed observers expected, but stocks treated the continuing story as fresh news each day. A tumbled of -6.57% for the potfolio this week. Again, as soon as the hysteria is over, the markets should strongly recover, and at this point, I recommend that copiers remain calm and keep a long-term view. Because 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 wrapped up another volatile week with more losses after the U.S. Labor Department reported record jobless claims and the largest payroll decline since the financial crisis. The monthly jobs report showed employers shed 701,000 jobs in March, marking the start of a serious economic slowdown stemming from the coronavirus pandemic and a jarring shift for a job market that was booming just a few weeks ago. Meanwhile, New York Governor Cuomo reported his state’s largest daily increase in coronavirus deaths since the start of the outbreak. For the week, the Dow tumbled -2.7%, the S&P 500 fell -2.1% and the Nasdaq Composite closed down -1.7%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$MSFT – Microsoft Corporation +2.76%
$AMZN – Amazon.com, Inc. +0.34%
$GOOG – Alphabet Inc. -1.16%
FB – Facebook, Inc. -1.66%
$AAPL – Apple Inc. -2.56%
$NVDA – NVIDIA Corporation -3.49%
LULU – Lululemon Athletica Inc. -4.02%
MA – Mastercard Incorporated -4.29%
EDU – New Oriental Education & Technology Group Inc. -5.49%
CDW – CDW Corporation -7.32%
SEDG – SolarEdge Technologies, Inc. -9.58%
ENPH – Enphase Energy, Inc. -11.40%
SHOP – Shopify Inc. -15.17%
TTD – The Trade Desk, Inc. -19.68%
PAYC – Paycom Software, Inc. -21.03%
No portfolio changes this week.
Stocks/ETFs on my radar and that interest me: TSLA, AMD, MELI, ZM and TLT .
Many headlines during the week emerged from the energy sector after Whiting Petroleum (NYSE:WLL) became the first U.S. shale producer to file for bankruptcy amid an oil price war. The coronavirus epidemic is also weighing heavily on prices, triggering President Trump to summon oil CEOs to the White House on Friday. WTI crude soared 25% on Thursday for its largest single-day percentage gain in history after Trump said he expected Russia and Saudi Arabia to announce a major output cut deal, while a virtual OPEC+ meeting was scheduled for Monday.
In an effort to assist in “unprecedented times,” Google (GOOG, GOOGL) is helping public health officials use its vast storage of data to track people’s movements due to the coronavirus pandemic. The “mobility reports” go down to the county level to see if locals are abiding by social distancing measures, but will use anonymized historical data, with a lag of two or three days. Google is also reportedly exploring individual location tracking with a White House task force, as well as running a handful of testing sites in Northern California in a private-public partnership with the government.
Zoom Video’s (NASDAQ:ZM) daily U.S. user volumes hit a record 4.84M on Tuesday, according to Apptopia data, and the company’s active users were up 151% Y/Y in March. On the same day, Microsoft (NASDAQ:MSFT) Teams had 1.56M users and Slack (NYSE:WORK) had less than 500K. Shares of Zoom, which debuted last year at $36 apiece, reached a high of $160 during the week, while its market value has more than doubled since the end of January.
Only one stock in the Dow Jones Industrial Average rose during the first quarter and it was only up by a penny. While Microsoft (MSFT) said it didn’t expect to reach its quarterly revenue target for the business segment that includes Windows – due to coronavirus interruptions – it also said demand was solid and benefited from high usage of cloud services. Hardest hit on the DJIA was Boeing (NYSE:BA), which saw losses of 54%, as well as energy plays Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), and financial names JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS).
Thanks for reading.
Best regards,
Santiago
