The Portfolio Armor Substack

The Portfolio Armor Substack

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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Earnings, 5/18/2023

Trade Alert: Earnings, 5/18/2023

Our last earnings trade for the week, plus a note about our top names.

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Portfolio Armor
May 18, 2023
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Earnings, 5/18/2023
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We have a bearish trade on one of the companies reporting after the close today.

Super Returns For Super Micro

Before we get to today’s earnings trade, a quick follow up on our core strategy. Every Thursday, I post Portfolio Armor's top ten names here. Our core strategy is to buy equal dollar amounts of those top names, and put trailing stop orders on them, and then when you get stopped out of a name, replace it with a new one from the current week's top ten. 

In January (Top Names, 1/19/2023), Super Micro Computer, Inc. ( SMCI 0.00%↑) appeared in our top ten. 

Screen capture via the Portfolio Armor website on 1/19/2023.

Since then, shares of SMCI were up more than 117% as of Wednesday’s close. 

On average, our top ten names from January 19th are up 24.42%, versus 6.84% for SPY. We’ll see what’s on this week’s list tonight. Now on to today’s earnings trade.

Earnings Trade

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