May 29, 2020
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The Week's Biggest Winner & Loser
Airlines ETF (JETS)
Well, look at that - all you need to see in the airlines is a brief increase in people flying over Memorial Day to grab a +10.15% single-week gain to earn the Airlines ETF (JETS) the spot of this week's Biggest Winner.
Let's ignore the fact that long-term investors are down more than -50% YTD...
Twitter (TWTR)
Slap a warning label on the President-in-Chief's tweets and watch out! Twitter (TWTR) got smacked -5.06% this week after warning about some of Trump's tweets, earning itself the spot as the week's Biggest Loser.
Portfolio Allocation
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Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
AMD (AMD)*
+554.78%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($5.14)*
Yeti (YETI)
+423.14%
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $6.14
Virgin Galactic (SPCE)*
+298.92%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)*
+228.37%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($10.10)*
Pinterest (PINS)
+77.34%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $11.45
Chevron (CVX)
+63.91%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.95
Carnival Cruise (CCL)
+47.84%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $10.65
Airlines ETF (JETS)
+33.52%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $11.30
Twitter (TWTR)
+29.83%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $23.86
General Electric (GE)
-0.41%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
-34.84%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
6/12 SPY Put Spreads
-80.87%
Cost: $2.48
Current Value $0.475
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
Advanced Micro Devices (AMD): Added to Position
Following Tuesday's raucous start to the week, stocks sold off on Wednesday with the technology sector, in particular, getting hit hard. AMD dipped below $50.00 a share, triggering a buy order I had in place which filled at $49.93.
The buy replaced shares I sold back on April 27 for $57.64, locking in a -13.38% discount on the shares and still not putting any of the original capital back into the position with a current per-share cost of -$5.14 per share (or $5.14 worth of profit for each share held).
My next buy target for AMD is around $45 and I have no intention to sell as many analysts believe AMD may be due for a breakout from its $59.27 all-time high made just a few weeks ago.
AMD closed the week at $53.80, up +7.75% from where I added on Wednesday.
Twitter (TWTR): Profit-Taking
When the markets roared to life after the Memorial Day weekend, Twitter (TWTR) crossed through a sell target I had in place, letting go of a few shares on Tuesday at $33.60.
The sale locked in +52.66% in gains on some of the shares I bought at $22.01 back on March 18 and also lowered my per-share cost -5.50% from $25.25 to $23.86. My next sell target for TWTR is near $36.00 and my next buy target is $22.75-$23.00.
TWTR closed the week at $30.97, down -7.83% from where I sold on Tuesday.
Yeti (YETI): Profit-Taking
It was definitely a volatile week because as I was adding to AMD (AMD) on Wednesday while tech was selling off, Yeti (YETI) was flying higher, crossing a sell order target which filled at $33.93.
The sale locked in +61.57% in gains on shares I bought for $21.00 back on
March 12 and lowered my per-share cost -42.99% from $10.77 to $6.14. My next sell target is near $36.50 which will pull out the remaining investment capital and some profits in the position.
My next buy target is around $16.50-$16.60, near March's lows.
YETI closed the week at $32.10, down -5.39% from where I sold on Wednesday.
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!
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