Top Names, 12/21/2023
*Updated* Continuing our core strategy.
(We had a delay due to technical issues this week).
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 June 15th.
Top Names, 6/15/2023
This Week’s Top Names The big news in our top names this week was NVIDIA (NVDA -0.69%↓) crossing the $1 trillion market cap threshold . I am now up 85% on NVDA since buying it as part of our core strategy at the end of February. Below are Portfolio Armor’s current top ten names as of Thursday’s close.
Over the next six months, our top ten names were up 19.14% on average, versus 7.25% for SPY.
That was the 18th top names cohort of 24 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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