February 8, 2019
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Highlights from the Week
Boeing (BA) was our biggest winner this week, partnering with Aerion, a company developing supersonic flight (anyone remember the Concorde?) with promises of fast trips for business people with huge pocketbooks. The news resulted in a 4.51% bump to Boeing’s stock price in the midst of a market of turmoil.
Take Two Interactive (TTWO) was our biggest loser this week, confirming that the video game industry is suffering from millennials being captivated by the first-person-shooter lap dance that is Fortnite. TTWO’s earnings were so bad that it took the stock down 7.44% and pulled it into the red for the year.
This Week’s Moves
Apple (AAPL) saw a resurgence this week. Given that Apple is our second-largest holding next to Boeing (BA), we needed to pull some off the table when it hit $174.81. AAPL closed the week at $170.41, leaving our position up 360.85%.
Boeing’s (BA) extreme gains made it once again the behemoth in our portfolio, resulting in us taking yet some more profits out of this beastie at $403.31 when it started to show weakness. Boeing closed the week at $404.91, with us up 546.99% on our remaining position.
Cypress Semiconductor (CY) remains one of our favorite companies nobody knows with its fingers in nearly every Android cell-phone and a shockingly-high dividend yield, however its strength lately means it’s time to take profits. We sold a little at $15.24. CY closed the week at $14.82 and us up 199.17% on our investment.
Disney (DIS) beat on earnings but its forward-guidance was so bad that we realized we needed to pull some profits when the market looked like it was turning over. We sold some DIS at $110.38. It closed the week at $111.51 and left us up 247.82% on our investment.
GW Pharmaceutical (GWPH) continues to fall prey to the whims of the cannabis market. We sold it not once but twice this week at $144.18 and $148.91 to protect ourselves from the disastrous drop it saw in the last sell-off (it lost nearly 50% of its value!). GWPH closed the week at $146.76 with our investment up 2.79%.
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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