Copiers and Followers Update – WEEK 07 (February 10th to February 16th)
Hello, how are you all?
Another week in green for the portfolio, it’s been 3 consecutive weeks with positive results! This time climbed + 5.12%. A great result for the portfolio this week! Strategy continues to work outperforming Wall Street’s top 3 indices.
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(Seeking Alpha) Stocks wavered between small gains and losses before finishing mostly higher Friday, with the S&P 500 and Nasdaq closing at new all-time highs, following strong earnings from Nvidia $NVDA and a late-day report that the Trump administration was considering a tax incentive for Americans to buy stocks. Investors did lean defensively, however, as shown by gains in the Treasury market and leadership from the real estate and utilities sectors, perhaps as a precaution in front of the three-day weekend. But despite continued increases in coronavirus cases in China, stocks still secured back-to-back weekly gains, with the Dow Jones index $DIA $DJ30 rising +1%, the S&P 500 $SPY $SPX500 adding +1.6%, and the Nasdaq $QQQ $NSDQ100 rallying +2.2%.
Here is the detailed weekly income of the positions that make up the portfolio:
$SHOP +10.97% (earnings reported 02-12-20)
$SEDG +10.52% (upcoming earnings announce on 02-19-20)
$RH +10.29% (upcoming earnings announce on 03-27-20)
$ENPH +7.99% (upcoming earnings announce on 02-18-20)
$TTD +4.80% (upcoming earnings announce on 02-27-20)
$LULU +4.48% (upcoming earnings announce on 03-24-20)
$OLED +0.28% (upcoming earnings announce on 02-20-20)
There was no change in the portfolio this week.
Stocks/ETFs on my radar and that interest me: $AMZN $NVDA $MTCH $MELI $ROKU $CYBR $AMD $STNE $TSLA and $TLT .
Portfolio earnings reported summary
Shopify (NYSE:SHOP) races higher after Q4 EPS arrives higher than even the highest estimate turned in by analysts. GMV was up 47% Y/Y during the quarter to $20.6B vs. $20.3B consensus. Subscription revenue of $183M and merchant revenue of $322M were also both ahead of expectations. Looking ahead, Shopify sees Q1 revenue of $440M to $446M vs. $444M consensus and full-year revenue of $2.13B to $2.16B vs. $2.12B consensus. Shares of Shopify are up 7.37% premarket to $529.10 vs. the 52-week trading range of $169.56 to $499.88.
The retail sector will be in the spotlight next week as Walmart (NYSE:WMT) reports earnings for the holiday quarter earnings and the huge CAGNY conference full of food and beverage companies runs for four days. On the economic front, FOMC minutes will drop on February 19, while the following two days will see reports on housing starts, building permits, existing home sales and manufacturing pour out. Coronavirus updates will also be closely watched, with a growing number of U.S. companies either pulling their full-year forecasts or guiding to the cautious side due to exposure to China.
Notable earnings reports: Walmart ( $WMT ), Agilent (NYSE:A), Herbalife (NYSE:HLF), Groupon (NASDAQ:GRPN) and Scientific Games (NASDAQ:SGMS) on February 18; IMAX (NYSE:IMAX), Blue Apron (NYSE:APRN), Wingstop (NASDAQ:WING), Albermarle (NYSE:ALB), Hyatt Hotels (NYSE:H), Sunoco (NYSE:SUN), Dish Network (NASDAQ:DISH) and Zillow (NASDAQ:ZG) on February 19; Norwegian Cruise Line Holdings (NYSE:NCLH), (NASDAQ:VIAC), Domino’s Pizza (NYSE:DPZ), Universal Display (NASDAQ:OLED) and Dropbox (NASDAQ:DBX) on February 20; Diana Shipping (NYSE:DSX), Royal Bank of Canada (NYSE:RY) and Deere (NYSE:DE) on February 21.
Thanks for reading.