The Portfolio Armor Substack

The Portfolio Armor Substack

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The Portfolio Armor Substack
The Portfolio Armor Substack
Top Names, 7/25/2024

Top Names, 7/25/2024

Continuing our core strategy while updating our performance.

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Portfolio Armor
Jul 26, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Top Names, 7/25/2024
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In the bustling atmosphere of the New York Stock Exchange, we find two distinct anthropomorphic characters at the heart of the trading floor's energy and activity. One is a bull, standing tall and clothed in an elegant, sharp suit that speaks to its bullish outlook and unyielding confidence in the market's potential. Its horns are polished, blending seamlessly into its professional attire, symbolizing strength and optimism. Beside the bull, a bear presents a stark contrast, embodying caution and a readiness for market downturns. This bear, also dressed in a refined suit, reflects a strategic and careful approach to trading, with its fur subtly peeking out from its clothing, hinting at its inherent nature. Together, they engage in stock trading, analyzing screens filled with fluctuating market data, discussing strategies, and making calls. The scene captures their dynamic relationship against the backdrop of the NYSE, with traders bustling around, screens blinking with live updates, and the air filled with the essence of high-stakes financial decisions.

Our Updated iPhone App

For those who missed yesterday’s post (Goldman Sachs: Time To Hedge?), a quick heads up: we launched an update of our iPhone hedging app this week, and it’s on sale this week for $4.99, down from its regular price of $84.99.

If you want to take advantage of that sale, you can download the app here, or by aiming your iPhone camera at the QR code below. 

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 15%-20% 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 January 25th.

Top Names, 1/25/2024

Portfolio Armor
·
January 26, 2024
Top Names, 1/25/2024

Our Core Strategy

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Over the next six months, our top ten names from January 25th were down 0.24%, on average, versus up 10.68% for the SPDR S&P 500 Trust (SPY 0.00%↑).

When you see a straight horizontal line in a chart, like the one for CymaBay Therapeutics (CBAY 0.00%↑) above, it means the company was acquired. In this case, CBAY was acquired by Gilead Sciences (GILD 0.00%↑) in March. When that happens, we track it as if you exited the stock when it was acquired and held that exit amount as cash for the rest of our tracking period.

So far, we have 6-month returns for 57 weekly top names cohorts since we started this Substack at the end of December, 2022.

And as you can see above, our top names have averaged returns of 22.65% over the next six months, versus SPY’s average of 13.05%. You can see an interactive version of the table above here, where you can click on each date and see a chart showing each of the holdings that week.

This Week’s Top Names

Below are Portfolio Armor’s current top ten names as of Thursday’s close.

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