Sunday, February 2, 2025

US stock market in " Battle of Tariff "

 US Started 25% Tariff.... Canada & Mexico has started " tit for tat Tariff " and may escalate further.....

That was the las thing US stock market needs NOW.....

DeepSeek AI was enough of a challenge for US tech giants...now comes Tariff war.....

Reaction could be swift again......

More earnings are due this week.....

Monday PLTR NXPI

Tuesday GOOG AMD

Wednesday QCOM ARM UBER

Friday Jobs report....

GOOG may be the best this week......

AMD may finally be better than expected 50/50 chance

Quality of portfolio matters in challenging markets...stay with the-best.....

Here is my last week "

Last week Down 6.96%

YTD UP 5.90%

Here is my portfolio weighting :

AAPL       12.17%

GDXJ       11.91%

TSLA       11.16%

AVGO      10.83%

NVDA        9.87%

SHOP        9.59%

MSFT        8.56%

SMCI        6.64%

GOOG      6.02%

BTCC       4.66%

MU           4.44%

RIOT        4.15%

BLOG does NOT give buy or sell.

PS....on health front... challenges continues, treatment ongoing, test & monitoring ongoing....my guess, another 60 days needed to get to where I could be health wise...thanks to Stocktrader & Simon for your ongoing messages & prayers.....I need prayers until full recovery.....

Saleem

11 comments:

Stock Rookie said...

Hi Salem,
Continue to pray for the Lord to heal you each day for the next 2 months till you fully recover🙏🙏🙏

Simon

stocktrader_1996 said...

Hi Saleem,

My thoughts and prayers remain with you as you navigate this most recent challenge of life - I know you will persevere as always and find new ways to thrive!

Stocktrader

Stocks100 said...

Hi Stocktrader,

Added 100% GOOG.NE @ $33.56

Added 100% SHOP.TO @ $163.39

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with added positioning! I see this as a buying opportunity for the broader market as it seems the tariffs are a bargaining tool (but that could change of course).

Stocktrader

Stock Rookie said...

Hi Salem,
Good luck with more SHOP & GOOG. Good day to buy with a discount...

Stocks100 said...

Hi Stocktrader,

Sold GDXJ @ $49.68.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with next pick!

I have been busy this morning but I'll post last week's results soon.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Last week: -6.65% (YTD: -5.33%)
Portfolio Leaders: TEM ODD
Portfolio Laggards: ATOM PUMP PSNL BMR LITE BITU (all > 10% drop)

It was a rough week for the portfolio as many tech and energy stocks got crushed in the aftermath of the DeepSeek announcement. The overall market only pulled back modestly, however, as other sectors saw some buying interest. I think the greater takeaway is that there was/is a lot of hot money in some stocks, and there might be more vulnerability going forward still, especially as we aren't sure the next generation of winners yet. I have cleansed my portfolio of many of these stocks as I await further information and have a bit of cash for opportunities. The first few weeks of February will see many of my portfolio/watchlist companies report, and I am eagerly awaiting...

Portfolio: PUMP CNK ODD RBRK LITE KRUS OSIS BMR ZENV PSNL, cash 10%

P.S. I was staring at a purchase of TNA this morning when it suddenly spiked and I couldn't catch it :(

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I had to leave with an open order, but got a fill for BITU @ 52.37. It was a placeholder until I found another idea, but I figure MSTR will buy more at some point to boost it temporarily. I don't think any of the medium/long term Trump-administration actions are clear at this point, however.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with BITU.....good fill....

Trump will be TRUMP.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold BITU @ 52.00 after an overnight rethink

Stocktrader