July 29, 2022
The Week’s Biggest Winner & Loser
Amazon (AMZN)
After a few dismal quarters, Amazon (AMZN) finally got back on the horse and reported an absolutely stunning quarter this week. Earnings were off the charts and AMZN once again demonstrated what it means to be the big behemoth of all things Cloud and e-commerce, earning +10.24% for the week and rocketing to the Week’s Biggest Winner spot.
Coinbase (COIN)
As if focusing on the beleaguered cryptocurrency space wasn’t bad enough, news broke that the Securities & Exchange Commission is investigating Coinbase’s (COIN) practices (or lack of) in how it selects which crypto coins it chooses to list and how. Turns out one of its employees was front-running the tokens that were about to be listed on the site, buying them before they listed and selling them after the pop… to the tune of a $1.5 million profit! COIN got slammed down -11.10% for the week equaling a whopping -75.05% YTD loss! Yowtch – definitely the Week’s Biggest Loser!
Portfolio Allocation
Positions
%
Target Position Size
The “Baskets”
The Investments in Play portfolio contains a number of groups of stocks called “baskets.” I use baskets when I want exposure to a certain sector, but I want to use more than one stock to get that exposure without giving each individual stock an allocation.
In this portfolio, there is the Financials Basket which includes stocks that provide the portfolio with exposure to the financial sector which includes money-center banks, credit card companies, and investment management firms.
The Pets Basket includes the two leaders in pet health, long-time holding IDEXX Labs (IDXX) and newcomer Zoetis (ZTS). Both are considered “Best-in-Breed” (pun intended) for different reasons which is why I’m holding both of them instead of just picking one or over the other.
Additionally, there are two speculative baskets in the portfolio: Old-Spec and New-Spec.
Companies in the Old-Spec basket are ones with long track records where I want to have some exposure in the portfolio but I’m not confident enough to give each a full allocation.
New-Spec companies are typically stocks either new on the scene or representing a fairly new approach or sector, where, like Old-Spec, I want exposure but I don’t want a full allocation of any individual company.
Current Position Performance
Apple (AAPL)
+865.99%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$40.85)*
Tesla (TSLA)
+756.24%*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$78.43)*
Nvidia (NVDA)
+687.07%*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$5.75)*
Boeing (BA)
+590.91%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$148.35)*
Block (SQ)
+558.83%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.45)*
Nike (NKE)
+441.00%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$6.08)*
Skyworks (SWKS)
+375.91%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$33.65)*
IDEXX Labs (IDXX)
+372.89%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$39.57)*
Logitech (LOGI)
+346.54%
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $12.70
Disney (DIS)
+187.15%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $36.95
Amazon (AMZN)
+127.86%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $59.25
Take Two (TTWO)
+75.57%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $75.60
Meta (META)
+69.16%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($64.60)*
Berkshire (BRK.B)
+64.37%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87
Salesforce (CRM)
+60.37%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $114.75
Dow (DOW)
+59.53%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $33.35
JP Morgan (JPM)
+51.59%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $76.10
Zoetis (ZTS)
+15.87%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $157.55
Visa (V)
+11.44%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $190.33
Morgan Stan (MS)
+5.05%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $80.25
Dutch Bros (BROS)
-0.55%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $37.70
Schwab (SCHW)
-5.45%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $73.04
Roblox (RLBX)
-6.88%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $46.10
Twilio (TWLO)
-27.34%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $116.70
Rivian (RIVN)
-42.26%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $59.40
Canopy (CGC)
-53.19%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $5.62
Coinbase (COIN)
-70.35%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $212.34
* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Starting Capital Investment
A negative share price indicates the dollar amount of profit for each share currently held.
This Week’s Moves
Apple (AAPL): Profit-Taking
After talking about why I wasn’t taking profits in Apple (AAPL) two weeks ago when it was trading at $150.17, Apple continued its spectacular rally off its June $129.04 low into earnings on Thursday where my next profit-taking target was hit Thursday afternoon at $157.33, +4.77% higher than where it was on July 15 and to a point where the position size had far exceeded the maximum target for the portfolio.
Thursday’s sale sold some of the shares I bought for $142.27 on May 12, locking in a somewhat meager +10.59% gain in slightly more than two months, however, the sale importantly reduced my allocation size of AAPL, though it still remains the largest position in the portfolio and much larger than the portfolio’s maximum 7.14% target size even after Thursday’s sale.
The sale lowered my per-share “cost” -$5.70 from -$35.15 to -$40.85 per share (a negative per-share cost indicates all capital has been removed in addition to $40.85 per share added to the portfolio’s bottom line in addition to each share’s current value).
From here, my next sell target is $177.20, slightly below AAPL’s 2022 high, and my next buy target is $126.15, slightly below AAPL’s 2022 low of $129.04 in case the stock sells off in the next down-round many analysts expect to hit the markets in September.
After the market closed on Thursday, Apple reported a blowout earnings quarter, surprising all analysts who were expecting negative news from the company. Once again, Apple proves why it remains the #1 position in my portfolio – it’s simply that good.
AAPL closed the week at $162.47, up +3.27% from where I took profits on Thursday.
Want Further Clarification?
As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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