May 29, 2020
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The Week’s Biggest Winner & Loser
JP Morgan (JPM)
The financials saw a decent return-to-form this week with best-in-breed JP Morgan (JPM) seeing the biggest pop at +8.76% which earned it the spot as the week’s Biggest Winner.
Canopy Growth Corp (CGC)
Investors got more than a little ahead of themselves this week, thinking Canopy Growth Corp (CGC), the Canadian cannabis play and best-in-breed in the space, would report great earnings. It didn’t.
In fact, its earnings were so bad that CGC lost -10.56% for the week and earned itself the spot of the 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
Boeing (BA)
+598.66%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$372.32)*
Apple (AAPL)
+515.15%*
1st Buy 4/18/2013 @ $56.38
Current Per-Share: (-$119.29)*
Square (SQ)
+496.57%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$34.75)*
Nike (NKE)
+392.14%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$25.20)*
Nvidia (NVDA)
+353.14%*
1st Buy 9/6/2016 @ $63.10
Current Per-Share: (-$15.00)*
Disney (DIS)
+291.41%**
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $22.28**
Twilio (TWLO)*
+213.41%*
1st Buy 8/8/2019 @ $125.71
Current Per-Share: (-$16.25)*
IDEXX Lab (IDXX)
+188.73%
1st Buy 7/26/2017 @ $167.29
Current Per-Share: $106.98
Salesforce (CRM)
+118.72%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $79.91
Logitech (LOGI)
+103.08%
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $29.27
Tesla (TSLA)
+80.05%
1st Buy 3/12/2020 @ $556.49
Current Per-Share: $463.75
IBM (IBM)
+69.85%
1st Buy 11/6/2018 @ $120.87
Current Per-Share: $73.54
Skyworks (SWKS)
+34.36%
1st Buy 1/31/2020 @ $113.60
Current Per-Share: $88.23
Berkshire (BRK.B)
+30.49%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $142.22
Canopy (CGC)
+18.57%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $14.65
GW Pharm (GWPH)
+10.72%
1st Buy 7/25/2018 @ $142.28
Current Per-Share: $110.87
JP Morgan (JPM)
+8.26%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $89.88
Dow (DOW)
-4.78%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $40.54
Citigroup (C)
-9.21%
1st Buy 10/26/2017 @ $74.06
Current Per-Share: $52.77
* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Original Capital Investment
A negative share price indicates the dollar amount of profit for each share currently held.
** For more accurate profit %, positions with extremely reduced per-share costs are calculated in the same manner as positions with sold capital investment.
This Week’s Moves
Canopy Growth Corp (CGC): Profit-Taking
Like many of the other stocks in the market, Canopy Growth Corp (CGC) roared on Thursday, breaking through the $22.00 mark and triggering a sell order I had in place which filled at $22.01.
The sale took profits on some of the shares I bought for $9.34 back on
March 18, locking in more than a double (+135.65%) in just over two months. The sale lowered my per-share cost marginally by -0.34% from $14.70 to $14.65.
My next sell target is $29.95 and my next buy target is $13.15.
CGC closed the week at $17.37, down -21.08% from where I sold on Thursday.
IDEXX Laboratories (IDXX): Profit-Taking
As the markets bounced around on Wednesday, IDEXX Laboratories (IDXX) tried to make a stab at its $302.99 all-time high which led me to take profits when the stock pulled back to $300.19.
The sale locked in +57.78% in gains on shares I bought for $190.27 back on March 19 and lowered my per-share cost -14.10% from $124.54 to $106.98.
I don’t currently have another sell target as I wait to see where IDXX will head next, but my buy target is in the $229.00-$230.00 range, a point of past support.
IDXX closed the week at $308.88, up +2.89% from where I sold on Wednesday.
JP Morgan (JPM): Profit-Taking
When Trump announced he would be holding a press conference on China toward the end of the trading day Thursday, I realized it was time to take a little off the table with JP Morgan (JPM), the Best-in-Breed bank that has pulled off a remarkable bull run in the past few weeks.
My sell order filled when JPM failed to hold $100, filling at $99.99 and locking in +21.54% in gains on shares I bought for $82.27 back on March 18. The sale lowered my per-share cost marginally by -0.69% from $90.50 to $89.88.
From here, my next sell target is $120 and my next buy target is around $83.00.
JPM closed the week at $97.31, down -2.68% from where I sold on Thursday.
Logitech (LOGI): Profit-Taking
Logitech (LOGI) continues to be one of the darlings of the pandemic, as all the Work-From-Homers buy up new keyboards, mice, webcams, and gaming peripherals from the Best-of-Breed manufacturer of everything a home-worker or e-gamer needs.
On Friday, LOGI made new highs once again, and as much as I love this stock, it was time to take profits at $59.45, locking in +72.47% in gains on shares I bought at $34.47 back on March 12.
Friday’s sale lowered my per-share cost by -3.18% from $30.23 to $29.27. My next sell target is around $65 and my next buy is $42.85.
LOGI closed the week at $59.44, basically flat from where I sold on Friday.
Nike (NKE): Profit-Taking
As the market’s seemingly nonstop exuberance continued later in the week, I decided to take profits when Nike (NKE) broke through $100 with a sell order closing at $99.36 on Thursday.
I feel the same way about Nike (NKE) that I do about Apple (AAPL): these are long-term holdings that have performed so well that it’s almost painful taking profits in them.
The sale sold half the shares I bought for $64.69 back on March 16, locking in +53.59% in gains. My next sell target is around $106.50 if Nike breaks its all-time high and my next buy target is just under $80.00.
NKE closed the week at $98.58, down -0.79% from where I sold on Thursday.
Want Further Clarification?
As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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