Highlights from the Week

Biggest Winner: GW Pharmaceuticals (GWPH)

GW Pharma (GWPH), our favorite “don’t-call-us-cannabis” long-term cannabis play continues to push higher, even in a down market. GWPH gained +4.90% this week rapidly nearing the coveted 100% YTD gain at +90.93% and earning it the weekly winner.

Biggest Loser: Nvidia (NVDA)

Despite reporting good earnings, Nvidia (NVDA) got hit hard this week when the U.S. planned direct sanctions against Chinese electronics manufacturer, Huawei. Nvidia lost -7.09% which was a bigger drop than other tech companies with Chinese exposure including Apple (AAPL) and Xilinx (XLNX) which dropped -5.31% and -3.39%, respectively.

This Week’s Moves

Canopy Growth Corp (CGC): Added to Position

Canopy Growth (CGC) continues to be the sector leader in the consumer cannabis space, making deals and proving to be the #1 competitor.

Since CGC has absolutely NO Chinese exposure and won’t be directly affected by tariffs (indirectly – consumers may curb discretionary purchases which could affect sales), we believe the stock to be fairly safe to add more even during a trade war, so we added to our position on Thursday at $44.18, making our per-share cost $17.50.

We have an additional buy target to add more at $37.10.

CGC closed the week at $44.35, up +0.04% from our purchase.

Dow (DOW): Added to Position

We once again added to Dow (DOW) during Thursday’s selloff at $49.21, bringing our per-share cost down to $51.50.

At these levels, Dow yields dividend in excess of 5.6%. Although there could be further pain ahead, this long-term position provides a significant amount of support with a dividend that high.

Our next buy target is now below Dow’s $48.00 IPO price at $47.50.

Dow closed the week at $49.20 after dropping to a weekly low of $48.22.

Nvidia (NVDA): Added to Position

We were a little exuberant during the market’s recovery from December’s lows, and sold a bit more of our Nvidia (NVDA) position than we should have at $153.10. We remedied the situation when we added less than half of what we sold in January back to our Nvidia (NVDA) position at $147.69 (a 3.5% price reduction from our January sale) during Thursday’s selloff.

We intend to replace the rest of the shares we sold in January if Nvidia hits our next buy target price of $131.71 as trade war concerns continue.

NVDA closed the week at $145.15, down -1.72% from where we added.

Xilinx (XLNX): Added to Position

The U.S. sanctions directly targeting Huawei, one of Xilinx’s (XLNX) biggest customers, hit XLNX hard Monday morning, knocking it down more than 5% hitting our buy order at $99.08. Our per-share cost is now $107.39.

After the Department of Commerce pulled the reigns back slightly on the ban, XLNX and the other semiconductor manufacturers saw a brief bounce. During Thursday’s trading, XLNX held up well, however we’re still stepping into this one slowly with buy targets at $98.64 (we weren’t able to get a full order on Monday), $88.00, $74.78 and $69.52.

XLNX closed the week at $101.21, up +2.15% from where we added.