Portfolio Update – WEEK 50 (December 07th to December 13th)
Good morning,
Hello, how are you all?
For the week, the portfolio rose +0.70%. For the year, the result is fine, +88.79% and for December is flat -0.13%. I remain confident in technology companies especially. In the next few days, I intend to add funds to the portfolio and reinforce the main positions. Check it out the portfolio stats https://etoro.tw/2UHOvRc .
In case of any doubt, you can access the FAQ of my blog: https://santiago1000.it/en/#faq
(Seeking Alpha) The S&P 500 and Nasdaq fell Friday, weighed by the continued stalemate over a coronavirus stimulus deal, while the Dow Jones average eked out a gain but its performance was overstated by one stock, Disney, which added over 150 points to the average. New York’s Governor Cuomo announced a halt of indoor dining at New York City restaurants after COVID-19 statistics surpassed safety benchmarks. Shares of companies hardest hit by the pandemic, including Carnival, United Airlines and Gap, were some of Friday’s biggest losers. There was more progress on COVID vaccines during the week, but November’s rally may have priced in all the good news for now. For the week, the S&P fell -1%, the Nasdaq lost -0.7% and the Dow slipped -0.6%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
PLTR – Palantir Technologies Inc. +14.05%
FSLY – Fastly, Inc. +7.92%
ENPH – Enphase Energy, Inc. +7.24%
SEDG – SolarEdge Technologies, Inc. +7.18%
SQ – Square, Inc. +4.05%
MELI – MercadoLibre, Inc. +3.16%
TTD – The Trade Desk, Inc. +2.47%
TSLA – Tesla, Inc. +1.83%
NFLX – Netflix, Inc. +0.99%
SHOP – Shopify Inc. +0.38%
AAPL – Apple Inc. +0.13%
MSFT – Microsoft Corporation -0.51%
AMZN – Amazon.com, Inc. -1.46%
PYPL – PayPal Holdings, Inc. -1.70%
FVRR – Fiverr Internacional Lt. -1.72%
FB – Facebook, Inc. -2.20%
NIO – NIO Limited -2.46%
GOOG – Alphabet Inc. -2.53%
AMD – Advanced Micro Devices, Inc. -2.54%
ZM – Zoom Video Communications, Inc. -3.17%
NVDA – NVIDIA Corporation -4.02%
LULU – Lululemon Athletica Inc. -8.68% (earnings reported 12-09-20)
I added $FVRR . Stocks/ETFs on my radar and that interest me: CRWD, LMND, OKTA, JD, RH, ADBE, and ETSY .
Zuck empire is endangered
Facebook (NASDAQ:FB) got nailed with two lawsuits on Wednesday, one from the Federal Trade Commission and another from a group of 46 U.S. states, which both accused the company of abusing its monopoly power in social networking. The FTC suit focused on Facebook’s acquisition of Instagram in 2012 and WhatsApp two years later, describing the deals as a way to stifle competition, while state attorneys general said its actions were a “buy or bury” approach toward its rivals. Is a divestment in the cards? Facebook denied the anti-competive practices, calling it “revisionist history” of two major acquisitions the government had approved several years ago, but said it would review recent complaints and provide further updates shortly.
Lone Stars
Reports had surfaced last weekend, but Elon Musk confirmed his relocation to Texas, joining one-fifth of Americans who have done a “pandemic move.” “First of all, Tesla (NASDAQ:TSLA) and SpaceX (SPACE) obviously have massive operations in California. In fact, it’s worth noting that Tesla is the last car company still manufacturing cars in California. SpaceX is the last aerospace company still doing significant manufacturing in California. For myself, yes I have moved to Texas,” he told the WSJ‘s CEO Council summit. “If a team has been winning for too long, they do tend to get a little complacent, a little entitled and then they don’t win the championship anymore. California has been winning for a long time,” he added, doubling down on his displeasure with the state’s regulatory environment. Many companies and tech leaders have shared similar sentiment. Hewlett Packard Enterprise (NYSE:HPE) recently relocated its headquarters from San Jose, California, to Houston, Texas, while Palantir (NYSE:PLTR) moved its HQ to Denver from Palo Alto.
U.S. Indices
Dow -0.6% to 30,046. S&P 500 -1.% to 3,663. Nasdaq -0.7% to 12,378. Russell 2000 +1.% to 1,911. CBOE Volatility Index +12.1% to 23.31.
S&P 500 Sectors
Consumer Staples -0.3%. Utilities -0.4%. Financials -1.8%. Telecom +0.1%. Healthcare -0.8%. Industrials -0.5%. Information Technology -1.4%. Materials -1.2%. Energy +1.1%. Consumer Discretionary -1.2%.
Thanks for reading.
Have a good one,
Santiago
