Portfolio Update – WEEK 35 (August 24th to August 30th)
Hello, how are you all?
For the week, the portfolio rose +4.12%, for the year, the result is fine, +60.71% YTD and for August +14.07%. I remain confident in technology companies especially. In conclusion, the strategy continues to work surpassing the three main Wall Street indices. 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) Stocks wrapped up another strong week on a high note, as the Federal Reserve’s new, more tolerant approach to inflation rippled through global markets. The S&P 500 gained for a seventh straight day and closed above 3,500 for the first time, the Nasdaq Composite also finished at a new record high and the Dow Jones moved into positive territory for the year. For the week, the S&P 500 made its largest weekly advance since early July, surging +3.3% higher, while the Dow and Nasdaq rose a respective +2.6% and +3.4%. Interest rates also rose for the week, with the 10-year Treasury yield now at 0.74%, a level it hasn’t seen consistently in three months.
Here is the detailed weekly income of the positions that make up the portfolio:
FSLY – Fastly, Inc. +11.31%
FB – Facebook, Inc. +9.98%
MA – Mastercard Incorporated +8.61%
TSLA – Tesla, Inc. +7.97%
MSFT – Microsoft Corporation +7.46%
NFLX – Netflix, Inc. +6.41%
TTD – The Trade Desk, Inc. +5.18%
PAYC – Paycom Software, Inc. +4.40%
GOOG – Alphabet Inc. +4.05%
ENPH – Enphase Energy, Inc. +3.96%
PYPL – PayPal Holdings, Inc. +3.91%
SEDG – SolarEdge Technologies, Inc. +3.70%
NVDA – NVIDIA Corporation +3.66%
AMZN – Amazon.com, Inc. +3.56%
ZM – Zoom Video Communications, Inc. +3.31% (earnings upcoming announce 09-01-20)
LULU – Lululemon Athletica Inc. +2.37% (earnings upcoming announce 09-10-20)
AMD – Advanced Micro Devices, Inc. +2.08%
SHOP – Shopify Inc. +2.05%
AAPL – Apple Inc. +0.35%
FTNT – Fortinet, Inc. -0.74%
MELI – MercadoLibre, Inc. -1.94%
No portfolio changes this week.
Stocks/ETFs on my radar and that interest me: COUP, ADBE, VEEV, SQ and TLT.
Major shakeup for the Dow
Big changes are coming to the Dow Jones Industrial Average due to Apple’s (NASDAQ:AAPL) 4-for-1 stock split, which will significantly reduce the benchmark’s exposure to the information technology sector. Exxon Mobil (NYSE:XOM), Pfizer (NYSE:PFE) and Raytheon (NYSE:RTX) will be swapped out for Salesforce.com (NYSE:CRM), Amgen (NASDAQ:AMGN) and Honeywell (NYSE:HON), marking the biggest reshuffle in seven years. The moves are effective before the open on Monday, while the divisor used to calculate the blue-chip index from the constituents will be changed before then, preventing any distortions.
Amazon expands beyond Whole Foods
Moving further into the grocery sector to challenge Walmart (NYSE:WMT), Kroger (NYSE:KR) and Albertsons (NYSE:ACI), Amazon (NASDAQ:AMZN) opened the first location of its new chain of Fresh grocery stores in Woodland Hills, California. The 35,000-square foot store features Echo Show devices to ask Alexa where certain items are located, and debuted the Dash Cart, a smart grocery cart that tracks shoppers’ items and allows them to skip the checkout line. There will also be a service counter for people to pick up orders from Amazon.com, and they can also complete returns there without having to package their items in boxes.
Weekly Market Movement Wrap
Dow +2.6% to 28,654. S&P 500 +3.3% to 3,508. Nasdaq +3.4% to 11,696. Russell 2000 +1.5% to 1,576. CBOE Volatility Index +1.9% to 22.96.
S&P 500 Sectors
Consumer Staples +2.4%. Utilities -0.7%. Financials +4.4%. Telecom +4.8%. Healthcare +1.%. Industrials +3.%. Information Technology +4.5%. Materials +3.3%. Energy +1.1%. Consumer Discretionary +3.1%.
Thanks for reading.
Have a good one,