Morgan Stanley (MS): Dividend Reinvestment

Investment bank Morgan Stanley (MS) paid out its ample dividend (currently more than 3.75% annually) on Tuesday which I reinvested into my position. The dividend lowered my per-share cost -0.92% from $64.94 to $64.34.

From here, my next buy target is $76.78, above a past point of support, and my next sell target is $98.99, just below a past level of resistance.

Nvidia (NVDA): Profit-Taking

On Thursday, Nvidia (NVDA) continued its never-ending climb through my next sell target which filled at $318.03, locking in +1,929.55% in gains on shares I purchased for $15.67 when I originally opened the position on September 6, 2016.

The sale lowered the per-share “cost” -$22.90 from -$74.75 to -$97.65 (a negative per-share cost indicates all capital has been removed in addition to $97.65 per share added to the portfolio’s bottom line in addition to each share’s current value).

It’s worth noting that even after the sale, Nvidia remains the largest position in the portfolio and still exceeds the target allocation size. The fervor over artificial intelligence is seemingly never-ending, but surely must be reaching a peak, so I plan to take more profits if NVDA tests its all-time at $346.47.

My next buy target is $208.21 which might seem ludicrous as that represents a nearly -35% drop from its current levels, however Nvidia has repeatedly sold off by 30-50% over the seven years I have owned it so I have no reason to anticipate this cycle will change, despite the recent popularity of AI.

NVDA closed the week at $312.61, down -1.70% from where I took profits Thursday.