Top Names, 11/9/2023
Continuing our core strategy, while updating our performance.
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 4th.
Top Names, 5/4/2023
This Week’s Top Names This was another big week for recent Portfolio Armor top names, with Super Micro Computer Inc. ( ) up ~27% so far after a big earnings beat. Below are Portfolio Armor’s current top ten names as of Thursday’s close.
Over the next six months, our top ten names from May 4th were up 13.28%, on average, while the SPDR S&P 500 Trust ETF (SPY 0.00) was up 8.08%.
That was the 14th top names cohort of 18 so far this year that outperformed 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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