Top Names, 12/28/2023
Continuing our core strategy.
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 22nd.
Top Names, 6/22/2023
A Brief Bank Update Before we get to this week’s top ten names, a couple of quick notes on the banking situation. Usage of the Federal Reserve’s post-Silicon Valley Bank emergency bailout program, the BTFP, hit another record high. The ETF that tracks regional banks looks like it might be rolling over, having just dropped below its 50-day moving average.
Over the next six months, our top ten names were up 9.37% on average, versus 9.34% for SPY.
That was the 19th top names cohort of 25 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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