Top Names, 1/4/2024
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 29th.
Top Names, 6/29/2023
A Quick Trading Update Before we get to this week’s top names, a quick options trading update. In general, I usually wait until an options trade fills before posting about it, with two exceptions: If the trade alert includes more than one trade, and one of those trades has filled, I post it as soon as the first one gets filled.
Over the next six months, our top ten names were up 9.37% on average, versus 9.34% for SPY.
That was the 21st top names cohort of 27 since we started this Substack 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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