Highlights from the Week

Biggest Winner: Nike (NKE)

Despite negative publicity over a poor shoe design choice, the good news from the G20 Summit caused Nike to rally 3.42% this week, making it our Weekly Winner.

Biggest Loser: Nvidia (NVDA)

A little too much excitement about the U.S. reducing its ban on semiconductor sales to Huawei caused Nvidia (NVDA) and the rest of the semi space including Xilinx (XLNX) to become overbought. Reality set in this week, causing the semis to sell off and earning Nvidia (NVDA) our Weekly Loser spot with a -2.44% loss.

This Week’s Moves

No Moves This Week

Thanks to mixed news including positive results from the G20 summit and a better-than-expected jobs report plus a shortened trading week thanks to the Independence Holiday, the week ended mixed as well with no one stock in our portfolio hitting buy or sell targets.

Apple (AAPL) and Take Two (TTWO) are making interesting gains, as is our “humanification of pets play,” IDEXX Labs (IDXX) which is dangerously close to making all-time highs (as well as reaching overbought conditions on its Relative Strength Index).

The coming weeks should be interesting with The Fed and individual company earnings reports  determining our next moves. It all comes down to whether or not they cut interest rates. The market is betting on a rate cut, so if that doesn’t happen, we may have a lot of “buying opportunities” ahead.