September 8, 2023
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The Week’s Biggest Winner & Loser
Canopy Growth Corp (CGC)
The market loves an underdog. Or, well, the market loves a penny cannabis stock with huge growth potential. Either way, Canopy Growth Corporation (CGC) blazed another win this week, rocketing another +65.54% on top of last week’s win, making CGC a two-timer Biggest Winner of the week for the first time in a long time.
Can Canopy and the rest of the cannabis sector keep up this run? I sure hope so considering I need this one to 10X off its low just to break even (wow, this one has been a stinker for some time, eh?)
Skyworks Solutions (SWKS)
Any semiconductor company that supplies chips to Apple’s (AAPL) iPhone got hit particularly hard this week when China announced a ban on any government or state-owned employee using iPhones.
Since Skyworks Solutions (SWKS) supplies the modems for Apple’s iPhone, the company got hit with a -9.38% loss this week, making it the Biggest Loser in the portfolio.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Nvidia (NVDA)
+1490.60%*
1st Buy 9/6/2016 @ $15.67
Current Per-Share: (-$259.30)*
Apple (AAPL)
+934.93%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$77.48)*
Boeing (BA)
+685.13%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$179.40)*
Tesla (TSLA)
+640.88%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$48.28)*
Logitech (LOGI)
+580.94%*
1st Buy 11/11/2016 @ $24.20
Current Per-Share: -($2.57)*
Block (SQ)
+473.38%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.87)*
Skyworks (SWKS)
+458.85%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$34.72)*
IDEXX Labs (IDXX)
+420.23%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$220.95)*
Nike (NKE)
+387.97%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$10.49)*
Dow (DOW)
+314.62%*
1st Buy 5/13/2019 @ $53.18
Current Per-Share: (-$0.33)*
JP Morgan (JPM)
+189.28%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $49.73
Amazon (AMZN)
+182.10%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $49.00
Salesforce (CRM)
+154.88%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $88.20
Disney (DIS)
+141.44%*
1st Buy 2/14/2012 @ $41.70
Current Per-Share: (-$2.23)*
SoFi (SOFI)
+125.01%
1st Buy 11/22/2022 @ $4.80
Current Per-Share: $3.80
Take Two (TTWO)
+113.26%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $66.95
Meta (META)
+95.98%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($323.00)*
Berkshire (BRK.B)
+93.41%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $187.77
Alphabet (GOOGL)
+66.32%
1st Buy 9/16/2022 @ $101.93
Current Per-Share: $82.00
Visa (V)
+42.48%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $173.60
Morgan Stan (MS)
+33.32%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $63.71
Zoetis (ZTS)
+30.66%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $142.19
Schwab (SCHW)
-6.88%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $63.68
Dutch Bros (BROS)
-18.98%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $34.20
Rivian (RIVN)
-22.47%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $29.80
Twilio (TWLO)
-27.57%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $90.40
Roblox (RLBX)
-34.02%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $43.95
Coinbase (COIN)
-60.53%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $208.00
Canopy (CGC)
-76.39%
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
Dutch Bros (BROS): Added to Position
On Thursday, Dutch Bros (BROS) announced a $300 million equity offering to raise funds which caused the stock to have a very sudden selloff followed by a full recovery within minutes of the market open. BROS triggered my next buy which added 5.88% to my position at $25.70.
The buy lowered my per-share cost -1.44% from $34.70 to $34.20. From here, my next buy target is $24.70, the low BROS saw during Thursday’s selloff, and my next sell target is $38.45, under a point of resistance Dutch Bros has seen several times in the past.
BROS closed the week at $27.71, up +7.82% from where I added Thursday.
Visa (V): Dividend Reinvestment
Visa (V) paid out its quarterly dividend on Tuesday which, after reinvesting, lowered my per-share cost -0.19% from $173.93 to $173.60. From here, I’ve raised my next buying price target up to $179.44, slightly above a key level of support Visa made in 2022.
Having just opened this position in May 2022, Visa is still relatively new in the portfolio so I’m willing to wait a while before taking anything out of the position.
Zoetis (ZTS): Dividend Reinvestment
Zoetis (ZTS) paid out its quarterly dividend on Tuesday which, after reinvesting, lowered my per-share cost -0.19% from $142.46 to $142.19. From here, my next buying price target is $142.27, slightly above a key level of support Zoetis made in 2022.
My next sell target is $199.78, just below a past point of resistance. Despite opening Zoetis relatively recently in June 2022, it’s been quite volatile so I definitely will take profits if it keeps rallying with the force it’s seen recently.
See you next week!
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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.
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