September 1, 2023
Click above image for larger version
The Week’s Biggest Winner & Loser
Canopy Growth Corp (CGC)
Canopy Growth Corporation (CGC) must’ve been watching some Monty Python lately because it screamed “I’m not dead, yet!” this week after the U.S. Department of Health and Human Services advised the Department of Justice to de-schedule cannabis from a schedule 1 narcotic to a schedule 3.
As a result, the entire cannabis sector saw explosive gains with CGC rallying +40.92% just this week to become the biggest winner.
However, before you get too excited and go all-in on Canopy, remember that this company’s a mess between sketchy financials, a stock price that’s measured in pennies not dollars, and performance that’s still down -76.21% this year even after this week’s incredible pop.
Dutch Bros (BROS)
Dutch Bros (BROS) sold off along with many consumer plays this week, particularly those considered “consumer discretionary,” goods and services a consumer might be inclined to cut back on in the event of a recession.
Combine the economic concerns with the fact that some investors believe Dutch Bros (BROS) is opening too many new locations too quickly, and you get a stock that underperformed the rest of the portfolio.
BROS dropped -4.58% this week and strolled in as the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
Click above image for larger version
Portfolio Breakdown
Click above image for larger version
Year-to-Date Performance
Current Position Performance
Nvidia (NVDA)
+1551.93%*
1st Buy 9/6/2016 @ $15.67
Current Per-Share: (-$259.30)*
Apple (AAPL)
+976.22%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$77.48)*
Boeing (BA)
+706.56%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$179.40)*
Tesla (TSLA)
+633.20%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$48.28)*
Logitech (LOGI)
+576.47%*
1st Buy 11/11/2016 @ $24.20
Current Per-Share: -($2.57)*
Skyworks (SWKS)
+494.05%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$34.72)*
Block (SQ)
+492.63%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.87)*
IDEXX Labs (IDXX)
+447.87%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$220.95)*
Nike (NKE)
+404.57%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$10.49)*
Dow (DOW)
+323.76%*
1st Buy 5/13/2019 @ $53.18
Current Per-Share: (-$0.33)*
JP Morgan (JPM)
+195.30%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $49.73
Amazon (AMZN)
+181.90%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $49.00
Salesforce (CRM)
+151.01%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $88.20
Disney (DIS)
+141.54%*
1st Buy 2/14/2012 @ $41.70
Current Per-Share: (-$2.23)*
SoFi (SOFI)
+131.59%
1st Buy 11/22/2022 @ $4.80
Current Per-Share: $3.80
Take Two (TTWO)
+111.79%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $66.95
Meta (META)
+95.76%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($323.00)*
Berkshire (BRK.B)
+92.98%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $187.77
Alphabet (GOOGL)
+65.46%
1st Buy 9/16/2022 @ $101.93
Current Per-Share: $82.00
Visa (V)
+42.67%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $173.93
Zoetis (ZTS)
+35.12%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $142.46
Morgan Stan (MS)
+34.56%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $63.71
Schwab (SCHW)
-4.98%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $63.68
Dutch Bros (BROS)
-17.20%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $34.70
Rivian (RIVN)
-21.84%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $29.80
Twilio (TWLO)
-27.62%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $90.40
Roblox (RLBX)
-35.30%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $43.95
Coinbase (COIN)
-62.51%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $208.00
Canopy (CGC)
-86.08%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $3.95
* 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
Disney (DIS): Added to Position
Disney’s (DIS) sickening slide continued this week when it broke through to new lows on Friday, triggering my next buy order which filled at $81.62, adding 0.76% back to the position.
The buy locked in a -9.47% discount replacing shares I sold for $90.16 on July 12 and raised my per-share “cost” +$0.64 from -$2.87 to -$2.23 (a negative per-share cost indicates all capital has been removed in addition to $2.23 per share added to the portfolio’s bottom line in addition to each share’s current value).
From here, my next buy target is $70.90, above a point of support from the distant past, and my next sell target is $102.54, slightly under Disney’s 2023 high.
DIS closed the week at $81.64, down -$0.02 from where I added on Friday.
Schwab (SCHW): Dividend Reinvestment
Schwab (SCHW) paid out its quarterly dividend on Monday which, after reinvesting, lowered my per-share cost -0.42% from $63.95 to $63.68. From here, I’ve raised my next buying price target up to $48.86, slightly above a key level of support Schwab has made since its selloff in March.
My next sell target isn’t until $84.34, below a past point of resistance. Having just opened this position in April 2022, Schwab is still relatively new in the portfolio so I’m willing to wait a while before taking anything out of the position.
See you next week!
Ways to give back to GetIrked:
Send me a tip via Stripe! Thank you!
Get free money by signing up for an account with my referral link for Schwab
Sign up for Gemini and we each get $10
Click this referral link to get the Brave Browser
If you use Brave, you can also use the Tip function to tip me in Basic Attention Token (BAT).
Disclaimer: Eric “Irk” Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.
You must be logged in to post a comment.