Portfolio Update – WEEK 36 (August 31th to September 06th)
Good morning,
Hello, how are you all?
For the week, the portfolio slipped -5.24%, for the year, the result is fine, +52.29% YTD and for August +16.36% (AWESOME). 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 avoided back-to-back blowout losses Friday but couldn’t quite close out the week with a gain, as a late-afternoon rally fell short. The Dow closed 159 points lower after shedding as much as 628 points and then briefly edging into positive territory, and the S&P 500 and Nasdaq also ended well above session lows. Technology, which was looking at its biggest two-day drop since March, climbed out of the basement among the sectors, and financials led the market thanks to a rebound in rates following news of a bigger than expected decline in the August jobless rate. For the week, the S&P slipped -1.8%, the Dow dropped -2.3% and the Nasdaq dropped -3.7%.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
ZM – Zoom Video Communications, Inc. +23.60% (earnings reported 09-01-20)
NFLX – Netflix, Inc. -1.50%
AAPL – Apple Inc. -3.08%
AMZN – Amazon.com, Inc. -3.15%
GOOG – Alphabet Inc. -3.25%
FB – Facebook, Inc. -3.72%
NVDA – NVIDIA Corporation -3.99%
AMD – Advanced Micro Devices, Inc. -4.14%
LULU – Lululemon Athletica Inc. -4.26% (earnings upcoming announce 09-10-20)
TSLA – Tesla, Inc. -5.50%
PYPL – PayPal Holdings, Inc. -6.18%
MSFT – Microsoft Corporation -6.40%
SHOP – Shopify Inc. -6.63%
MELI – MercadoLibre, Inc. -8.10%
MA – Mastercard Incorporated -8.50%
TTD – The Trade Desk, Inc. -9.15%
PAYC – Paycom Software, Inc. -9.70%
FTNT – Fortinet, Inc. -10.02%
SEDG – SolarEdge Technologies, Inc. -12.02%
ENPH – Enphase Energy, Inc. -13.00%
FSLY – Fastly, Inc. -14.52%
No portfolio changes this week.
Stocks/ETFs on my radar and that interest me: COUP, ADBE, VEEV, SQ and TLT.
Stock split mania
Early this week, shares of Tesla (NASDAQ:TSLA) soared as much as 20% to $533 after the company split its stock 5-for-1, while Apple (NASDAQ:AAPL) shares climbed 10% to $137 following a 4-for-1 split. The gains didn’t last long. News of a stock offering by Tesla, as well as stake sale by its largest independent investor, weighed heavily on the EV maker, while Apple plunged alonside a major selloff on Thursday. In fact, the tech giant erased $180B in value during the session, which is nearly the market cap size of McDonald’s (NYSE:MCD).
No app download needed
Google (GOOG, GOOGL) and Apple (AAPL) said they would build a COVID-19 notification system straight into smartphones, eliminating the need for a separate app and ramping up a new weapon in the effort to track exposure to the novel coronavirus. Future versions of iOS and Android will feature the new system that previously required an app made by a public health authority. The system will use Bluetooth signals from phones that have opted in to find out how closely and for how long two phones were near each other, without collecting location or identity data.
Walmart announces membership service
Walmart (NYSE:WMT) is finally going head to head with Amazon (AMZN) via a nationwide membership program, though the retailer says the new service is “really about doubling down with the customers we have and getting more share of wallet and more share of mind.” The program, which costs $98 annually, or $12.95 a month, will launch on Sept. 15. Biggest difference: Walmart+ customers will have to spend a minimum of $35 for each online order to avoid fees, while rival Amazon Prime touts free two-day (and some same-day) shipping on every item.
Weekly Market Movement Wrap
U.S. Indices
Dow -1.8% to 28,133. S&P 500 -2.3% to 3,427. Nasdaq -3.3% to 11,313. Russell 2000 -2.5% to 1,539. CBOE Volatility Index +33.9% to 30.75.
S&P 500 Sectors
Consumer Staples -0.5%. Utilities +0.4%. Financials -0.4%. Telecom -2.5%. Healthcare -2.1%. Industrials -1.3%. Information Technology -4.2%. Materials +0.8%. Energy -4.5%. Consumer Discretionary -2.5%.
Thanks for reading.
Have a good one,
Santiago