Our Core Strategy
Our core strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 10%-15% on them, and replace them with names from the current week’s top ten when we get stopped out of a position.
A Top Names Performance Update
Before we get to this week’s top ten names, let’s look at the final, 6-month performance of our top ten names from May 25th.
Top Names, 5/25/2023
This Week’s Top Names The big news in our top names this week was NVIDIA’s () blowout earnings and guidance yesterday. The stock closed up more than 24% today, which is amazing for a company with a market cap of three quarters of a trillion dollars. I am now up 68% on NVDA since buying it as part of our core strategy at the end of February.
Over the next six months, our top ten names from May 25th were down 2.77%, on average, while the SPDR S&P 500 Trust ETF (SPY 0.00) was up 10.61%.
Of course, if you were following our core strategy, you would have exited BCLI after it dropped 10%-20%.
That was the 5th top names cohort of 21 so far this year that underperformed the market (PA top ten returns are on the left below; SPY returns on the right).
This Week’s Top Names
Below are Portfolio Armor’s current top ten names as of Thursday’s close.
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