Alphabet (GOOGL): Added to Position

When Alphabet (GOOGL) broke down on Monday, it triggered my next buy order filling at $137.76 and adding 2.69% to the position. The buy locked in a -7.98% discount on some of the shares I sold at $149.71 back on January 24 and raised my per-share cost +20.96% from $48.15 to $58.24.

From here, my next buy target is $129.89, above the a key level of support, and my my next sell target is $199.00, just under round-number psychological resistance at $200.

GOOGL closed the week at $137.14, down -0.45% from where I added Monday.

Schwab (SCHW): Dividend Reinvestment

Schwab (SCHW) paid out its quarterly dividend on Monday which, after reinvestment, lowered my per-share cost -0.39% from $62.00 down to $61.76. From here, my next buy target is $60.41, slightly above the level of support Schwab saw earlier in 2024, and my next sell target is $81.26, just under a key level of resistance SCHW has seen in the past.

Snowflake (SNOW): Added to Position

On Wednesday evening, Snowflake (SNOW) positively collapsed when notable CEO Frank Slootman announced he would be retiring from the CEO position. However, my concerns were addressed when Sridhar Ramaswamy was named CEO and Slootman said he would be staying on as Chairman of the Board. Ramaswamy has extensive experience running startups and also served as Google’s (GOOGL) head of advertising; I believe he’ll be a great CEO for the company.

Accordingly, I added 11.70% to my position at $182.80. The buy lowered my per-share cost -10.43% from $231.00 to $206.90. From here, my next buy target is $153.95, slightly above a past point of support, and I still have no sell targets as I really do believe Snowflake has a lot of runway ahead of it as we move into the AI revolution.

SNOW closed the week at $186.72, up +2.14% from where I added Wednesday.