The Portfolio Armor Substack

The Portfolio Armor Substack

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The Portfolio Armor Substack
The Portfolio Armor Substack
Top Names, 8/8/2024

Top Names, 8/8/2024

A brief market comment, then on to our performance update and core strategy.

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Portfolio Armor
Aug 09, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Top Names, 8/8/2024
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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.

Another Exciting Week

It’s been another exciting week, with the chaos in Japan, U.S. growth concerns, etc. Remember our game plan for dealing with the uncertainty:

  • If you’re concerned about downside risk for positions you already own, consider hedging on the next day the market is up. As a reminder, you can download our iPhone hedging app here, or by aiming your iPhone camera at the QR code below.

  • We’ll use up days to add short positions, and down days to add long positions, as we surface compelling ideas.

Today, we took advantage of the rally to add a couple of short positions.

Trade Alert: Going Short

Portfolio Armor
·
August 8, 2024
Trade Alert: Going Short

Adding Short Exposure

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And we also exited a bullish trade today for a 236% gain.

@dpinsen @dpinsen ♬ Steal My Sunshine (Single Version) - Len
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Now onto a recap of our core strategy and a performance update on our top names.

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 February 8th.

Top Names, 2/8/2024

Portfolio Armor
·
February 9, 2024
Top Names, 2/8/2024

Our Core Strategy

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Over the next six months, our top ten names from February 8th were up 2.7%, on average, versus up 6.83% for the SPDR S&P 500 Trust (SPY 0.00%↑).

So far, we have 6-month returns for 59 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 22.08% over the next six months, versus SPY’s average of 12.92%. 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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