May 3, 2024
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The Week’s Biggest Winner & Loser
Canopy Growth Corp (CGC)
Cannabis remains the most volatile sector in the stock market, trading up and down on every rumor or news report. The DEA has de-scheduled cannabis down to Schedule 3 with all that remains is approval from other divisions in the government. As a result, cannabis stocks once again exploded to the upside with Canopy Growth Corporation (CGC) gaining nearly +80% in a single day. It calmed down by the weekend, closing the week up +14.93% which was enough to earn it the spot of the Week’s Biggest Winner.
SoFi Technologies (SOFI)
In this market, it’s not enough to report good earnings, you also have to give great guidance. SoFi Technologies (SOFI) nailed the former but screwed up the latter, claiming the consumer would be hard to pin down going forward. As a result, SoFi, everyone’s darling fintech company, dropped -11.56% to deposit in as the Week’s Biggest Loser.
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)
+2252.78%*
1st Buy 9/6/2016 @ $15.67
Current Per-Share: (-$565.75)*
Apple (AAPL)
+957.08%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$86.99)*
Logitech (LOGI)
+685.44%*
1st Buy 11/11/2016 @ $24.20
Current Per-Share: (-$8.30)*
Boeing (BA)
+634.92%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$182.25)*
Block (SQ)
+543.86%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$66.90)*
Tesla (TSLA)
+497.48%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$39.37)*
Skyworks (SWKS)
+441.59%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$34.05)*
IDEXX Labs (IDXX)
+429.30%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$220.95)*
Nike (NKE)
+372.01%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$7.60)*
Dow (DOW)
+347.53%*
1st Buy 5/13/2019 @ $53.18
Current Per-Share: (-$2.25)*
Amazon (AMZN)
+280.07%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $49.00
Salesforce (CRM)
+210.71%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $88.08
Disney (DIS)
+195.85%*
1st Buy 2/14/2012 @ $41.70
Current Per-Share: (-$18.15)*
JP Morgan (JPM)
+145.98%*
1st Buy 10/26/2017 @ $102.30
Current Per-Share: (-$81.02)*
Morgan Stan (MS)
+129.53%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $40.80
Meta (META)
+119.88%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: (-$323.00)*
Take Two (TTWO)
+117.90%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $66.95
Arm Hldgs (ARM)
+110.17%*
1st Buy 9/14/2023 @ $57.28
Current Per-Share: (-$24.50)*
Alphabet (GOOGL)
+85.57%*
1st Buy 9/16/2022 @ $101.93
Current Per-Share: (-$5.31)*
Berkshire (BRK.B)
+83.36%*
1st Buy 8/2/2019 @ $199.96
Current Per-Share: (-$2,281.99)*
SoFi (SOFI)
+83.17%
1st Buy 11/22/2022 @ $4.80
Current Per-Share: $3.80
Visa (V)
+51.41%*
1st Buy 5/9/2022 @ $194.00
Current Per-Share: (-$284.13)*
Brookfield (BN)
+41.96%
1st Buy 9/25/2023 @ $32.44
Current Per-Share: $30.03
Zoetis (ZTS)
+25.09%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $133.55
Schwab (SCHW)
+23.15%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $61.76
Palo Alto N (PANW)
+9.71%
1st Buy 2/22/2024 @ $270.00
Current Per-Share: $270.00
Coinbase (COIN)
+4.95%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $212.73
Roblox (RLBX)
-6.81%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $42.15
Shopify (SHOP)
-15.28%
1st Buy 2/12/2024 @ $91.00
Current Per-Share: $87.90
Dutch Bros (BROS)
-17.43%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $33.05
Snowflake (SNOW)
-23.01%
1st Buy 2/12/2024 @ $231.00
Current Per-Share: $206.90
Twilio (TWLO)
-31.54%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $90.40
Rivian (RIVN)
-57.87%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $23.90
Canopy (CGC)
-74.07%
1st Buy 5/24/2018 @ $295.30
Current Per-Share: $39.50
* 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
JPMorgan Chase (JPM): Dividend Reinvestment
JPMorgan (JPM) paid out its quarterly dividend on April 30 which, after reinvesting, increased my per-share “cost” +0.59% from -$81.50 to -$81.02 (a negative per-share cost indicates all capital has been removed in addition to $81.02 per share added to the portfolio’s bottom line in addition to each share’s current value).
Why did my cost basis raise after receiving a dividend?
Whenever all capital has been removed from a position, a dividend reinvestment adds more shares to the position, not more profits. So, the profit in the position is divided by more shares and raises the per-share cost even though the value of the entire position is also increased by the new shares from the dividend.
From here, I still have no sell targets for JPMorgan, despite it being slightly overweight in the Financial Basket. Since I have an enormous cash position in the portfolio, I’m in no hurry to reduce any of my dividend-yielders. My next buy target remains at $165.89, slightly above a key level of support JPM saw in the past.
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.
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.
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