Portfolio Update – WEEK 38 (September 14th to September 20th)
Good morning,
Hello, how are you all?
For the week, the portfolio rose +0.80%, for the year, the result is fine, +45.05% YTD and for Setember -11.52%. 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 sank to six-week lows in a bout of broad selling, with the S&P 500 slipping more than 1% for its third straight decline and all 11 S&P sectors ending in the red. The Nasdaq Composite also fell 1% as investors continued to dump shares of high-flying tech companies. Apple fell more than 3%, capping a 17% plunge so far this month that also has seen declines in Alphabet, Amazon, Facebook, Microsoft and Netflix. Activity related to options expiration and President Trump’s decision to prohibit downloads of TikTok and WeChat after Sunday likely exacerbated the day’s downward momentum. In the end, it was a third straight week of losses, with the S&P 500 shedding 0.7% and the Nasdaq dropping 0.6% while the Dow fell just 0.1.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
TSLA – Tesla, Inc. +18.63%
ZM – Zoom Video Communications, Inc. +14.55%
FSLY – Fastly, Inc. +10.17%
ENPH – Enphase Energy, Inc. +4.87%
TTD – The Trade Desk, Inc. +4.09%
PAYC – Paycom Software, Inc. +3.09%
FTNT – Fortinet, Inc. +1.83%
MA – Mastercard Incorporated +1.55%
SEDG – SolarEdge Technologies, Inc. +1.22%
NVDA – NVIDIA Corporation +0.20%
SHOP – Shopify Inc. -1.44%
MSFT – Microsoft Corporation -1.78%
AMD – Advanced Micro Devices, Inc. -1.85%
NFLX – Netflix, Inc. -2.50%
MELI – MercadoLibre, Inc. -3.38%
GOOG – Alphabet Inc. -3.99%
PYPL – PayPal Holdings, Inc. -4.31%
AAPL – Apple Inc. -4.61%
AMZN – Amazon.com, Inc. -5.18%
FB – Facebook, Inc. -5.28%
LULU – Lululemon Athletica Inc. -5.94%
No portfolio changes this week.
Stocks/ETFs on my radar and that interest me: COUP, ADBE, VEEV, SQ and TLT.
‘Times Flies’ at Apple event
Instead of an iPhone 12, Apple (NASDAQ:AAPL) unveiled its latest watch models (some versions don’t need to be paired to a phone) and a refreshed line of mid-range and low-cost iPads. It also talked software at the “Time Flies” event, with iOS 14 now set to be released on Sept. 16. One of the biggest announcements was the long-awaited services bundle. Called Apple One, customers will be able to access iCloud, Apple Music, TV+, Arcade, News+, and Fitness+ for $15/month for individuals or $20/month for families.
Fed reaction
Market sentiment soured mid-week following the latest Fed meeting, which was the first since Chairman Jerome Powell announced a greater tolerance for inflation. While the FOMC said interest rates could stay anchored to the zero-bound through 2023, Powell kept asset purchases at current levels and sounded some alarm bells. “More fiscal support is likely to be needed,” he declared, signaling the Fed can’t rescue the “highly uncertain” economy alone and Congress needs to act quickly on another coronavirus relief package.
Extension of bank dividend curbs
Due to heightened economic uncertainty, the Fed also said it was considering extending its caps on banks’ dividends and stock repurchases for the rest of the year. The central bank made the announcement along with its release of hypothetical scenarios for the second round of stress tests that it’s requiring due to the COVID-19 pandemic. Unlike an earlier round of stress tests this year, the Fed will release the results of the tests for each of the 33 lenders, rather than providing aggregate results for the group
Weekly Market Movement Wrap
U.S. Indices
Dow 0.0% to 27,657. S&P 500 -0.7% to 3,319. Nasdaq -0.6% to 10,793. Russell 2000 +2.7% to 1,537. CBOE Volatility Index -3.9% to 25.83.
S&P 500 Sectors
Consumer Staples -1.7%. Utilities -0.8%. Financials -0.2%. Telecom -2.3%. Healthcare +0.8%. Industrials +1.5%. Information Technology -1.%. Materials +0.9%. Energy +2.9%. Consumer Discretionary -2.3%.
Thanks for reading.
Have a good one,
Santiago