July 5, 2019 

Portfolio Allocation

Current Position Performance

Highlights from the Week

Biggest Winner: Nio (NIO)

Nio (NIO), the Chinese electric car manufacturer, finally caught a break from the G20 summit, leaping 27.84% this week and earning our Weekly Winner spot. Unfortunately, this is a bittersweet victory since even after this epic single-week pop, Nio is still down a whopping -46.82% on the year (and -25.39% in our Trades in Play portfolio).

Biggest Loser: Gossamer Bio (GOSS)

Gossamer Bio (GOSS) continues to be an incredibly volatile stock, dropping -5.68% this week, edging out Slack (WORK) by -0.40% to earn this week's Weekly Loser position.

This Week’s Trades

No Moves This Week

Although our Investments in Play portfolio is no stranger to weeks without any moves, our extremely active Trades in Play hasn't seen a week without any moves in months... until now. With good news from G20 and strong economic reports, the week saw a generally positive move with concerns that the Feds will no longer cut interest rates.

New IPO Slack (WORK) continues to get smacked while Revolve Group (RVLV), another of the Class of 2019 IPOs, saw a significant reprieve, popping 11.88%, along with Tradeweb Markets (TW) which saw a respectable 5.73% gain this week.

The cannabis sector continues to get beaten up with Cronos Group (CRON) the biggest loser in the week dropping -4.32% followed closely by Aurora Cannabis (ACB) at -3.58% and New Age Beverages (NBEV) at -3.43%. Canopy Growth (CGC) continues to maintain sector dominance, losing only -0.37% for the week.

Stay tuned - July promises to be an exciting month!

Questions?

As always, If you have questions about how we're playing different positions or anything at all, really, feel free to leave a comment below!