September 4, 2020
The Week’s Biggest Winner & Loser
Dow Chemical (DOW)
The market rolled over this week with many of the industrial laggards taking the lead over the high-growth tech plays.
Dow Chemical popped +5.54% on a dismal week, earning itself the Biggest Winner spot.
When it comes to high-flying growth tech stocks, there are only a few as stratospheric as Twilio (TWLO). Despite the end-of-week bounce for tech, Twilio still finished the week down -11.70% earning itself the title of the week’s Biggest Loser.
Target Position Size
Current Position Performance
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$104.51)*
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $17.95
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$62.40)*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$372.32)*
Take Two (TTWO)
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $31.22
1st Buy 9/6/2016 @ $63.10
Current Per-Share: (-$102.82)*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$25.14)*
IDEXX Labs (IDXX)
1st Buy 7/26/2017 @ $167.29
Current Per-Share: $77.99
1st Buy 8/8/2019 @ $125.71
Current Per-Share: (-$16.25)*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$11.86)*
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $79.91
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $26.65
1st Buy 11/6/2018 @ $120.87
Current Per-Share: $72.57
1st Buy 1/31/2020 @ $113.60
Current Per-Share: $84.00
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $142.22
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $38.95
JP Morgan (JPM)
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $89.06
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $14.65
GW Pharm (GWPH)
1st Buy 7/25/2018 @ $142.28
Current Per-Share: $100.00
* 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.
This Week’s Moves
Apple (AAPL): 4-for-1 Stock Split
Apple’s (AAPL) stock split 4-for-1 on Monday. To learn more about what a stock split is, you can read this week’s Week in Review. In brief, I now hold 4 times as many shares as I did previously at 1/4 the share price. The value of my overall position didn’t increase, just the number of shares.
Accordingly, I had to adjust my price targets for Apple. Whereas previously I was looking at adding to my position around $385, now that the share price has been reduced, my new target to add to Apple is $96.80.
Apple closed the week at $120.96, down -3.08% from last week’s $124.81 close.
Dow Chemical (DOW): Profit-Taking
Dow Chemical (DOW) broke through its post-pandemic highs this week and kept climbing, triggering sell orders which filled throughout the week for an average selling price of $47.93.
The sales locked in +209.48% in gains on shares I purchased for $22.88 back on March 12. The sales also lowered my per-share cost -1.77% from $39.65 to $38.95. My next sell target for Dow is $52.65 and my buy target is $22.83.
DOW closed the week at $48.60, up +1.40% from my average selling price.
Skyworks Solutions (SWKS): Dividend Reinvestment
Skyworks Solutions (SWKS) paid out its quarterly dividend this week with each share held receiving $0.50 (an annual yield of 1.35% when SWKS was trading at $148.27).
I always enroll every eligible dividend stock in my portfolio in Dividend Reinvestment Programs (DRiPs). DRiPs pay out dividends in new shares instead of cash. This helps to ensure that I’m putting new money to work even during a bull market rather than building a cash position earning little to no interest.
The dividend reduced my per-share cost -0.33% from $84.00 to $83.72. As always, it’s not much, but given it’s basically free money just for holding on to an investment, I’ll happily take it.
Square (SQ): Profit-Taking
Square (SQ) rocketed higher on Tuesday after reporting… nothing at all. The continued outperformance of this stock has been outstanding, however, its valuations are through the roof and it continually remains the largest position in the portfolio.
Accordingly, my discipline requires I take profits with me selling more shares on Tuesday at $168.39, locking in nearly a triple (+262.98%) in gains on shares I bought for $64.03 back on May 29, 2019.
My next sell target for more profit-taking is $175.14 and my next buy target is back at $65.90.
SQ closed the week at $146.39, down -13.06% from where I sold Tuesday.
Tesla (TSLA): 5-for-1 Stock Split
Just like Apple (AAPL), Tesla’s (TSLA) stock split on Monday. However, whereas Apple shareholders ended up with 4 times as many shares as before the split, Tesla split 5-for-1 resulting in shareholders holding 5 times as many shares.
As I said above, a stock split doesn’t increase the value of a position because the share price is reduced by the same amount as the share increase so Tesla’s stock, which was trading around $2,200 before split, ended up trading around $440 following the split ($2,200 / 5 = $440).
To learn more about what a stock split is, you can read this week’s Week in Review.
Just like Apple, I had to adjust my price target for Tesla. Thanks to the reduced share price, I can now add to the position in smaller quantities which permits me to increase my price target. My price target for Tesla is now $202.90 which would have been $1,014.50 before the split.
Tesla closed the week at $418.32, down -5.50% from last week’s $442.68 close.
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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