US market is extremely jittery ahead of NVDA earnings on Wednesday.
NVDA beat is a given BUT needs to explain all the funding given to many buyers.
I expect NVDA to assure market that there is no more focus on funding anymore purchases or long term commitments.
NVDA guidance to be above expectations.
AI correction was severe as many memory and storage stocks have been beaten down BUT that may change going into Q3 and Q4 strong quarters.
Here is how my last week ended:
Last week down 14.29%
YTD UP 69.10%
Here is my weighting on 77% exposure:
AMDL 46.06%
MU.TO 14.59%
MVLL 14.29%
GGLL 14.24%
SNDU 10.82%
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Last week: -1.72% (YTD: +7.83%)
Portfolio Leaders: TWST WGS BFLY
Portfolio Laggards: AEVA NN RKLB AMBQ NNOX
It was a pullback week for the markets and portfolio, but there was a lot of volatility underneath as some names did quite well while others fell hard (5 of the 9 portfolio companies had more than 10% moves in either direction when it was over). A lot of this can be attributed to mid-August lack of liquidity, but ebbing and flowing of names theses also contributed. As we have made it through the majority of earnings (except for NVDA this week of course), I am pleased with the portfolio reports and look to see if price action into the end of the year is constructive. In retrospect, there have been great selling opportunities to buy back much lower later, but then moves like TWST's can get missed also, so I am playing a much more buy and hold game than I may usually. I also hold a lot of stocks where the future is still yet to be played out, and any major individual announcement could send the stock up 20% in a day -- those kinds of moves can't be missed.
Holdings: BFLY TWST PONY AMBQ WGS RKLB AEVA NN NNOX, cash 0%
Stocktrader
Hi Saleem,
Sold TWST @ 151.60 to raise cash with valuation stretched and an Anthropic deal that I don't think is actually that material
Bought ENPH @ 37.23 on world energy needs and upcoming battery storage rollout
Added to AEVA @ 15.85 on this dip and firm belief that the company will be much larger in a few years as its advanced tech becomes more adopted
Added to BFLY @ 8.62 because if a director can buy $1M worth of shares above $9, I'll use any dip to buy more despite it being my largest position already (buy strong stocks on weakness)
Added to NN @ 15.42 as the value of its spectrum far exceeds this stock price, even if the tech is not broadly adopted
Added to RKLB @ 66.81 on subdued valuation post-SPCX but still emerging growth drivers ahead
Stocktrader
Hi Stocktrader,
Good luck with repositioning..
Simon
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