📈 Weekly Portfolio Update – Week 07: Feb 12th–Feb 18th
Dear eToro Copiers,
📈 Market Recap:
Despite declines in the three major NY indices, there’s good news for our Santiago1000 portfolio, which grew by 0.47% during the week. This growth is particularly noteworthy amidst concerns about a potential delay in interest rate cuts following a second inflation report. $SPX $NDX $DJIA
🛢️ Permian Pursuit:
The energy sector witnessed significant consolidation as Diamondback Energy $FANG and Endeavor Energy Resources $EDR announced their merger, reflecting ongoing M&A activity in the Permian Basin.
📊 13F Season:
Several hedge funds reshuffled their portfolios in big tech and chipmakers amidst an AI-driven rally. Notably, Warren Buffett’s Berkshire Hathaway $BRK.A reduced its top tech positions, while other investors made notable moves in the tech space.
🚀 New Milestones:
Nvidia $NVDA surpassed Alphabet’s $GOOGL market cap, becoming the third-largest U.S. company. Meanwhile, Bitcoin $BTC surged past $50K for the first time since late 2023, driven by continued interest in spot BTC ETFs.
💳 Spending Signs:
Retail sales declined in January, signaling a potential slowdown in consumer spending. However, U.S. stocks remained resilient, with traders largely shrugging off the data.
🚗 Winning the Race:
Automakers continue to navigate industry challenges, with GM $GM and Ford $F exploring partnerships to remain competitive amid pressure from Chinese EV makers.
📉 Weekly Movement:
Indices experienced mixed performance, with the Dow and S&P 500 ending lower while the Russell 2000 saw gains. Sector-wise, technology and consumer discretionary stocks faced headwinds, while energy and materials sectors saw positive momentum.
📈 Top Weekly Portfolio Gainers:
$TTD +24.71%
$GCT +17.83%
$SMCI +8.51%
$ENPH +7.68%
$LLY +5.66%
$NFLX +4.03%
$TSLA +3.30%
📆 Upcoming:
Next week’s highlights include earnings reports from Nvidia and Walmart, along with continued buzz around the Bitcoin halving event.
🚀 Investor Events:
Key conferences such as the CAGNY Conference and the Citi Global Industrials Conference $C will provide insights into long-term strategies and industry trends.
🚀 Until next time,
Santiago 🚀
#WeeklyReview #MarketUpdate #Investing #StockMarket #Tech #Earnings #Bitcoin #Automotive #Energy #Finance #Santiago1000 #eToro
