Top Names, 8/3/2023
Continuing our core strategy.
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 names from February 2nd of this year.
Top Names, 2/2/2023
Update On Our Trade Alert Before we get to this week’s top names, a quick update on our trade alert from Thursday. I mentioned there that I had bought puts on Carvana Co. (CVNA) when the stock was trading at $17.75, up about 30% on the day. By the close, Carvana gave up most of its gains, and a bit more after hours.
Over the next six months, our top ten names from February 2nd were up 2.54%, on average, while the SPDR S&P 500 Trust ETF (SPY 0.00) was up 8.82%.
Screen capture via Portfolio Armor on 8/3/2023.
That ended a streak of seven weeks in a row where our top ten names outperformed SPY over the next six months.
This Week’s Top Names
Below are Portfolio Armor’s current top ten names as of Thursday’s close.
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