July 24, 2020
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The Week's Biggest Winner & Loser
AMD (AMD)
AMD (AMD) started the week strong only to finish stronger, popping +16.50% on Friday alone after Intel (INTC) reported a dismal quarter, announced it couldn't manufacture with a 7nm process, and admitted it was losing ground to AMD. AMD locked in +26.09% in gains this week, easily snagging the week's Biggest Winner spot.
Carnival Cruise (CCL)
Funny thing about a pandemic is that when the number of sick people increases, no one wants to be trapped on a floating coffin with the potential of being eaten by zombies (I threw in that last bit to see if you're paying attention). Carnival Cruise Lines (CCL) sold off more than the rest of the market, finishing the week down -4.33% and earning the Biggest Loser spot.
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
Yeti (YETI)
+875.63%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$44.50)*
AMD (AMD)
+675.15%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
Pinterest (PINS)
+396.67%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($0.24)*
Virgin Galactic (SPCE)
+383.06%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)
+375.60%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $11.46
Twitter (TWTR)
+226.05%*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$0.01)*
Airlines ETF (JETS)
+160.84%*
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
Carnival Cruise (CCL)
+127.51%*
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Chevron (CVX)
+63.34%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.18
General Electric (GE)
+3.99%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
-26.87%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
Super-Speculative Basket
Airlines ETF
JETS
Carnival Cruise
CCL
Virgin Galactic
SPCE
What is the Super-Speculative Basket?
The Super Speculative Basket ("Super-Spec") is made up of a handful of stocks so incredibly volatile that I'm uncomfortable giving any of them full allocations in my portfolio, instead dividing a single allocation among all of them.
Currently, my Super-Spec stocks are as follows: the Airlines ETF (JETS), Carnival Cruise Lines (CCL), and Virgin Galactic (SPCE). They are listed as a single allocation in the portfolio breakdown chart each week.
This Week’s Moves
Twitter (TWTR): Profit-Taking
Twitter (TWTR) rocketed higher in a down tape on Thursday after reporting mediocre quarterly results but outstanding growth in user engagement. The stock shot through my $38.39 sell order which pulled the remaining capital out of the position leaving me to play with the house's money.
Thursday's sale locked in +25.01% in gains on shares I bought on March 11 for $30.71. My next sell target is near Twitter's all-time high around $45.00 and my next buy target for the stock is $28.80.
TWTR closed the week at $37.54, down -2.21% from where I sold Thursday.
Yeti (YETI): Profit-Taking
It was time to take profits in Yeti (YETI) once more when it made a run at its $45.18 all-time high once more on Monday. While I like Yeti's long-term prospects as a Covid-19 play given its products target outdoor activities, the run YETI has seen since its $15.28 March 23 low is incredible - nearly a triple in just four months!
My sell order filled at $44.93 and took +53.40% in profits on shares I bought on February 27 for $29.29. I currently have no additional sell targets on the stock from here with my next buy target much lower at a previous point of support around $31.50.
YETI closed the week at $45.59, up +1.47% from where I sold Monday.
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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