Portfolio Update – WEEK 52 (December 21th to December 27th)
Good morning,
Hello, how are you all?
For the week, the portfolio rose and shined +0.70%. For the year, the result is fine, +101.52% and for December moved up +6.60%. I remain confident in technology companies especially. In the next few days, I intend to add funds to the portfolio and reinforce the main positions. Mission accomplished for 2020, my benchmark of 50% was beaten with some slack. Portfolio compared to S&P500 was a beating, about 600% higher (7 times larger). Now I will focus on rebalancing the portfolio. 2021 awaits us and I do not intend to change the strategy. The game goes on..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 closed higher going into the holidays thanks to late buying and a Brexit deal reached in Brussels but with negotiations in Washington still undecided after President Trump’s last-minute objections to the COVID relief bill. The fate of the bill, which had been passed by Congress, is now uncertain after the Democrats failed in a quick attempt to push through $2,000 stimulus checks, but a full floor vote on a standalone bill is planned for Monday. Across the pond, the United Kingdom and the European Union finally settled the final issue of fishing rights, and a post-Brexit trade agreement looks set to pass. Also, Chinese regulators launched an anti-monopoly investigation against Alibaba, sending shares plunging 13%. For the week, the S&P 500 slipped 0.2% while the Dow and Nasdaq eked out slight gains.
Here is the detailed weekly income of the positions that make up the portfolio:
STOCKS
ENPH – Enphase Energy, Inc. +10.33%
CRWD – CrowdStrike Holdings Inc. +8.53%
PLTR – Palantir Technologies Inc. +6.85%
SHOP – Shopify Inc. +4.66%
AAPL – Apple Inc. +4.20%
SEDG – SolarEdge Technologies, Inc. +3.05%
MSFT – Microsoft Corporation +1.90%
FVRR – Fiverr Internacional Lt. +1.08%
PYPL – PayPal Holdings, Inc. +0.93%
GOOG – Alphabet Inc. +0.45%
AMZN – Amazon.com, Inc. -0.90%
MELI – MercadoLibre, Inc. -1.93%
TTD – The Trade Desk, Inc. -2.07%
NIO – NIO Limited -2.03%
NVDA – NVIDIA Corporation -2.10%
SQ – Square, Inc. -3.05%
FB – Facebook, Inc. -3.26%
NFLX – Netflix, Inc. -3.83%
FSLY – Fastly, Inc. -4.21%
AMD – Advanced Micro Devices, Inc. -4.28%
TSLA – Tesla, Inc. -4.78%
LULU – Lululemon Athletica Inc. -7.04%
ZM – Zoom Video Communications, Inc. -7.60%
I added CRWD. Stocks/ETFs on my radar and that interest me: RH, ADBE, COUP and ETSY .
ICar
Apple’s (NASDAQ:AAPL) Project Titan is not only alive, but plans to produce an electric passenger vehicle with “breakthrough battery technology” and self-driving capabilities by 2024, according to an article published by Reuters. The news saw AAPL shares close in on all-time highs on Tuesday, before falling back, while shares of EV maker Tesla (NASDAQ:TSLA) initially spun lower on the report. Backdrop: Project Titan has been moving in fits and starts since 2014, when it began to design its own vehicle from scratch, but reverted back to a software push at one point and reassessed its goals. It remains unclear who would assemble a possible iCar, but sources have said they expect Apple to rely on a manufacturing partner.
Low-cost IPO alternative
The SEC approved a proposal allowing companies to raise new capital via direct listings, whereby a company floats its shares on a stock exchange, but doesn’t hire banks to underwrite the transaction like in an IPO. “This is a victory for the New York Stock Exchange (NYSE:ICE), which had been seeking to change its rulebook to make the new process available to companies going public,” NYSE President Stacey Cunningham said in a statement. Until now, companies have only been allowed to use direct listings to sell existing shares, limiting the process to a small number of cash-rich companies like Palantir (NYSE:PLTR), which went public in September. “The massive pops during recent market debuts have proven the traditional IPO process has only gone downhill,” added Bill Gurley, general partner at venture capital firm Benchmark
U.S. Indices
Dow +0.1% to 30,200. S&P 500 -0.2% to 3,703. Nasdaq +0.4% to 12,805. Russell 2000 +1.7% to 2,004. CBOE Volatility Index -0.2% to 21.53.
S&P 500 Sectors
Consumer Staples -1.2%. Utilities -1.%. Financials +1.9%. Telecom -1.1%. Healthcare -1.%. Industrials -0.6%. Information Technology +0.8%. Materials -0.5%. Energy -2.%. Consumer Discretionary -0.9%.
Thanks for reading.
Have a good one,
Santiago