6-18 Pod - A complete look with charts at the Daily Stock Pick Core Portfolio - up 44% over 1 year
The Core Portfolio is simple - 35 stocks - 100 shares of each - entry in to the portfolio - I buy 100 shares - exit from the portfolio - I sell 100 shares
Daily Stock Pick Core Portfolio
When I started the Core Portfolio it was really to just give people the idea there are stocks that work in a portfolio and others that don’t. I don’t “manage” this portfolio as it’s just really names that I feel you can invest in and not deal with HUGE losses in the long term. The companies are portfolio mainstays and should provide a solid foundation to a portfolio.
It’s a little larger than I would like at 35 names, but I don’t make many moves in the portfolio. And yes - I sold 900 shares of NVDA after the split which any normal person would NOT do. There are names that I own that are not in the core portfolio, but the performance is far exceeding the market. There are losers in the portfolio over the year like TSLA, BA and others, but overall the gains have been far greater.
In the podcast I go over EVERY stock chart in the portfolio and give my thoughts on each. If you’re a reader or regular listener, I think this podcast is one you should listen to.
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Pod Notes
Tuesday
Nasdaq 100 just closed at record highs for the sixth straight day. This isn’t normal and my caution yesterday needs clarification.
Important caveat to my “bearish” sense yesterday - that’s short term. Long term, I think we are higher at the end of the year than we are today. Short term I think a pullback in many tech names and QQQ in particular would be healthy.
Caveat to this take - we’ve never seen the rate hikes like we saw so it might usher in a bull market too
$CELH CEO on CNBC
Said he was seeing a slowdown and they are seeing tougher comps against a big year last year. He brought up inflation and higher gas and the announcer said “but gas is down”. He just seemed to not have an answer.
What bothered me is he was clearly holding a bottle of Celsius with an obvious promotion. He didn’t take a drink at all. He just looked uncomfortable answering questions without being overly promotional.
None of this made me convinced I should time the bottom on this stock.
DELL on the other hand I LOVED
Michael Dell of $DELL was also on the show and that stock TOOK off.
He brought up the server margin shortfall and said it was a reflection of it being early in the life cycle. He thinks margins will improve with overall growth. He thinks the server business gets more profitable when they start selling services in relation to that hardware.
$SMCI $DELL and HPE all popped
Remember when I said $PLTR would be a $25 stock again? Well - it’s there.
Review the whole core portfolio
I went over 1 by 1 all of the stocks in the Core Portfolio. Here’s a heat chart with some of the winners, but watch the podcast to see all the charts.
If you have Trendspider already, you can follow along with the Core Portfolio Watch List. If you don’t have Trendspider - sign up here and get 6 months for FREE.
Social requests
SCANS
DIS
PEP
COST
MS
SUN - this changed from when I looked at it yesterday with the morning candle - Steve Cress was right - Peter - I’m sorry
SLB
VO
MCK
LULU
JNJ
PG
MCD
AXP
CSX
ABNB
KDP
CHTR
PCAR
ABBV
MET
FDX
GE
Leveraged ETFs
DRV
SMDD
SARK
SPDR Sectors
XLI
XLP
Good thoughts! I'm looking for a little market pullback here too. It's been a strong one-directional market, and I have some short strangles that are testing call sides at the moment and could use a down move. Long term passive investments look great though and I agree we're going higher into the end of the year!