August 19, 2022
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The Week’s Biggest Winner & Loser
Canopy Growth Corp (CGC)
Sure, it’s still down -56.24% for the year, but finishing up the highest of the portfolio twice in a row, particularly in a down market, is nothing to sneeze at!
Canopy Growth Corporation (CGC) rocketed another +15.76% this week after popping +22.22% just last week, and easily landed in at the spot of the Biggest Winner of the Week.
Coinbase (COIN)
It’s funny how when you’re a brokerage for unregulated assets and those assets sell off in a big way that your stock’s price collapses along with them, isn’t it?
I mean, it’s not “funny – ha-ha,” it’s more “funny – oh my god! The sky is falling! My hair is on fire! Run for the exits!”
Either way, COIN dropped -18.16% this week when Bitcoin collapsed and that was enough to earn the Biggest Winner of the Week spot.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
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)
+905.19%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$54.05)*
Tesla (TSLA)
+755.09%*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$78.43)*
Nvidia (NVDA)
+675.55%*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$5.75)*
Boeing (BA)
+597.85%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$148.35)*
Block (SQ)
+552.39%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.45)*
Nike (NKE)
+434.59%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$6.08)*
Skyworks (SWKS)
+373.34%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$33.65)*
IDEXX Labs (IDXX)
+351.27%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$39.57)*
Logitech (LOGI)
+328.66%
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $12.70
Disney (DIS)
+294.55%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $30.45
Amazon (AMZN)
+133.31%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $59.25
Meta (META)
+71.90%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($64.60)*
Take Two (TTWO)
+68.97%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $75.60
Dow (DOW)
+66.37%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $33.35
Berkshire (BRK.B)
+62.56%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87
Salesforce (CRM)
+60.15%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $114.75
JP Morgan (JPM)
+55.89%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $76.10
Morgan Stan (MS)
+15.11%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $78.20
Visa (V)
+11.82%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $190.33
Dutch Bros (BROS)
+8.13%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $37.25
Zoetis (ZTS)
+7.60%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $157.55
Schwab (SCHW)
+2.02%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $72.40
Roblox (RLBX)
-7.32%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $46.05
Canopy (CGC)
-32.01%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $5.62
Twilio (TWLO)
-34.84%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $116.70
Rivian (RIVN)
-42.00%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $59.40
Coinbase (COIN)
-65.12%
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
Apple (AAPL) continued to ride high this week, triggering yet another sell order I had in place which filled at $173.01 on Monday. The sale locked in +44.31% in gains on shares I bought for $119.89 back on March 19, 2021 and lowered my per-share “cost” -$6.85 from -$47.20 to -$54.05 (a negative per-share cost indicates all capital has been removed in addition to $54.05 per share added to the portfolio’s bottom line in addition to each share’s current value).
As much as it pains me to sell any of my AAPL as this is one of the premier companies in the world, it remains the largest allocation in the Investments in Play portfolio and even remains overweight to the portfolio’s target size for each position even after this sale. Accordingly, I do have another sell target at $178.75, slightly below a key point of resistance from earlier in the year, in case the company continues its crazy run. On the downside, my buy target is $129.85, slightly above AAPL’s 2022 low.
AAPL closed the week at $171.52, down -0.86% from where I took profits Monday.
Disney (DIS): Profit-Taking
Disney (DIS) saw even further upside this week when activist investor Dan Loeb he was increasing his stake in the company. On Tuesday, DIS shot through my next sell target which filled at $124.75, locking in +5.40% in gains on shares I bought for $118.36 on April 22. The sale also lowered my per-share cost -11.85% from $34.06 to $30.45.
From here, my next sell target is $143.90, below a past point of resistance from earlier in the year, and my next buy target is $90.55, slightly above Disney’s 2022 low.
DIS closed the week at $120.14, down -3.70% from where I took profits Tuesday.
Schwab (SCHW): Profit-Taking
The financial sector continued to rally this week so while it was Morgan Stanley’s (MS) turn for profit-taking last week, it’s Schwab’s (SCHW) turn this week. On Tuesday, SCHW triggered my next sell order which filled at $76.91.
While the sale only reduced my per-share cost by -0.876% from $73.04 to $72.40, it had the more important effect of locking in +20.83% in gains on shares I bought for $63.65 back on May 10. From here, my next sell target is $93.00, right below a past point of resistance, and my next buy target is $60.20, above SCHW’s 2022 lows.
SCHW closed the week at $73.86, down -3.97% from where I took profits Tuesday.
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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