Good morning,
The consecutive 5-week growth sequence of the portfolio was discontinued. There was a decrease of -1.28%.
(Seeking Alpha) The S&P500 $SPY has refilled the gap down at 2,891 from the break out on April 11. It should allow the S&P500 to continue trending higher this week, giving us a clean break above resistance at 2,915. The Russell $IWM fell hard on last week but managed to hang on to support at 1,565. I think we will get a bounce back to the upper end of the range and perhaps back to 1,593.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
$MSFT +2.00% (earnings report to 04-24-19)
$UBNT +1.19% (earnings report to 05-09-19)
$AMZN +1.01% (earnings report to 04-25-19)
$AMD -0.61% (earnings report to 04-30-19)
$PYPL -1.03% (earnings report to 04-24-19)
$AZO -1.44% (earnings report to 04-16-19)
$ZEN -2.76% (earnings report to 04-30-19)
$ETSY -3.03% (earnings report to 05-14-19)
$CYBR -3.03% (earnings report to 05-14-19)
$SQ -6.03% (earnings report to 05-01-19)
The $NFLX position has been closed for now. I added $AZO and $AMD . Stocks that are on my radar and that interest me are $TLT $TDG $GOOG $FB $INTU $AAPL $GRMN $ZYNE $ZNGA $ATHM e $CMG . $ZEN has been a long-term outperformer on the charts, up +46% year-to-date. The stock touched a record high of $86.13 on March 21, and has since pulled back to trade near the $81 mark — nine times its initial public offering (IPO) price of $9. $AMD shot nearly +12% higher on March 19, following news the chipmaker’s GPU will be used in $GOOG ‘s cloud-based gaming platform. The shares have now added +64% since their late-December double-bottom low near $17, yet there’s still plenty of skepticism priced into the outperformer. Of the 20 brokerages covering Advanced Micro Devices, 11 maintain a “hold” or “sell” recommendation. This leaves the door open for upgrades, which could give the shares a fresh boost. About adding $AZO , Auto Parts retailers are a safe haven when it comes to economic downturns as consumers turn more towards repairing used cars instead of buying new ones. This is because debt becomes harder to obtain and job situations are not as secure. Auto Zone was founded in 1979 and is the nation’s leading retailer of automotive replacement parts and accessories in the United States. They are also a leading distributor but are not #1. They have 5,618 stores in the U.S., 564 in Mexico and 20 in Brazil. Its marke tcap is 24.5 billion.
Have a nice week!
Best regards,
Santiago
