Holdings

WEDNESDAY 8TH DECEMBER 22.00GMT
European stock markets were mixed on Wednesday as a string of countries on the bloc battle rising Delta infections, travel restrictions and stricter COVID measures.In London, the FTSE 100 closed flat on the day, boosted by the pound slumping to its lowest level in a year. Travel and leisure stocks were among the biggest fallers as new rules imposing home working and vaccine certification across England in the face of rising cases. Across the pond, the S&P 500 was 0.1% lower at the time of the European close, and the tech-heavy Nasdaq rose 0.2%. The Dow Jones edged 0.3% lower.
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PORTFOLIO PERFORMANCE:2017   2019 Trades   2019  RECENT  BUYS  Lennar   RIOT QRVO  DHI    MARA   FLGT   UCTT  TER

Trading Activity 30 Oct Acquired shares in ON Semiconductor Corp at $62.25 29 Nov Disposed of holdings in Quanta Services Inc @ $124.03 15 Nov Acquired shares in US transportation company Knight-Swift transportation holdings @ $60.05 12 Nov Disposed of holdings in Teradyne @ $146.19  29 Oct Acquired shares in Livent Corp dealing with Lithium at $27.44   29 Oct Disposed of holdings in Lakeland industries after continual disapointment in share price @$20.66 25 Oct Re-acquired  holding in MYGR shares @ $109.33 [MYRG] who reports earnings on wed 27 Oct  22 Oct  Disposed holding in MYGR shares @ $110.03

STRATEGY FOR week commencing 6 December
Non-Farm payrolls a driver of economic activity in the US fell below expectations in December at 210,000. Whether this will have any affect about the impending FED’s interest rate decision on the 14/15 December meeting who can say. Yet the FED has been vocal in voicing their tapering of Bond purchases. The intrinsic inverse relationship between interest rates and the price of bonds mean any falls in the demand for bonds will have a knock on effect on interest rates. So a pre Xmas interest rates increase is still on the cards but may be left to the New Year so as to prevent the choking of the festive season demand. External factors may play a part in the BOE’s decision as with rising energy costs, cost of living increases and the effect of omicron COVID variant may defer the decision yet I doubt it. A wall of worry, from the omicron coronavirus variant to the Federal Reserve’s signal that it may speed up its withdrawal of stimulus, is driving investors out of technology companies that were once seen as a harbour amid the market storm. The so-called NYSE FANG+ Index tracking the tech industry’s giants brushed up against a correction on Friday — with a drop of 9.99% from its closing peak on Nov. 4. That leaves it just shy of the 10% tumble that would mark a full-fledged correction. Stock market rotations and correlations are key as ammunition in ways to offset unexpected market volatility. A key point very rarely questioned is the market valuations of companies, often sprouted by analysts as the one to consider. What is of more relevence is the intrinsic or enterprise value of a company taking into consideration debt and free cash flow available. Reported earnings by companies have recently become a key driver in share price sensitivity so knowing when a companies’ earnings is now something that one needs to always take into account. The portfolio returned last week with a +0.88% increase. Technical Analysis is always a useful tool when looking at entry and exits. I felt that Quanta Services [PWR] was in extension territory last week and had given me solid profits was disposed at $124. Next day the stock fell to $110, and that decision alone saved the portfolio from adversity. Timing is always an important. Ensuring losses, do not compound and profits locked in is always a judgement call. My humble suggestion is knowing your losses allowance [whether as a % of the portfolio or stop loss level] and acceptable profit levels so one can live to fight another day. Recent acquisition ON semi-conductors is proving its worth at this moment. QRVO continues to frustrate and a better alternative is on the table. The housing shares DHI and Lenmar continue to be profitable but targets have been set conscious that their share prices will be influenced by the upcoming FEDs interest rate decision on the 14/15 December. Time for Santa perhaps only Mr/Mrs Covid will decide.
 

STRATEGY FOR MONTH – NOV21

STRATEGY FOR week commencing 24 May   10 May   3 May    26 April   19 April 12 April    6 April   29 March   22nd March    15 March   8 March   1 March    22nd February   15 Feb    8 Feb    1 Feb   25 Jan     18 Jan    11 Jan  4 Jan  28 Dec    21 Dec    14 Dec    9 Nov     2 Nov   26 Oct    19 October  12 October  5 October     28 September  21 September  14 Sept  7 Sept  31 Aug   24 Aug  17-10 Aug    3 Aug   27 July    20 July   

CALL TO ACTION TO ALL MY VISITORS-SAVE OUR OCEANS FROM PLASTIC HERE

Portfolio for week commencing  6 December

8 Dec US/UK Price Price Price wkcge 08-Dec Price Chart Chart
Stock Shares Buy 26-Nov 03-Dec % 22.00gmt Now TV SC
FTSE 100 FTSE Entry 7044.03 7122.32 3.02 7337.35 Index
NASDAQ NDX at Bid 15491.66 15085.47 4.65 15786.99 Index
Company Symbl £ £ £ % £ $1.321
Akamei Tech AKAM 70.41 84.01 84.00 0.86 84.72 Price$ akam akam
D R Horton DHI 59.59 74.16 77.46 4.45 80.91 Price$ Dhi Dhi
Knight-Swift KNX 44.73 43.03 43.43 4.55 45.40 Price$ Knx Knx
Lennar Corp LEN 72.48 80.44 84.86 2.77 87.21 Price$ Len Len
Livent Corp LTHM 20.23 22.05 21.05 2.75 21.63 Price$ Lthm Lthm
MYR Group MYRG 79.38 87.32 83.77 2.06 85.49 Price$ Myrg Myrg
ON semicon ON 46.66 44.67 48.42 0.34 48.58 Price$ On On
Oracle ORCL 58.68 69.30 66.69 0.84 67.25 Price$ Orcl Orcl
Qorvo Inc QRVO 122.70 111.16 113.31 7.69 122.03 Price$ Qrvo Qrvo
Textron Inc TXT 53.47 54.51 54.60 4.02 56.79 Price$ Txt Txt
Ultra Clean UCTT 38.30 40.19 40.39 9.79 44.35 Price$ Uctt Uctt
Wky Perform -1.41% +0.88%

Update on Shares in the Portfolio

1 Dec LENMAR

Goldman Sachs  upgrades Lennar (NYSE:LEN) stock due to the roll out of larger, volume focused communities, supporting double digit revenue growth, she writes in a note to clients. the company’s recently announced spin-off of non-core assets “could result in a 500+bps improvement in the homebuilding ROE from F3Q’s 22%, moving closer to, if not ahead of, best in class peers. Over the past year,LEN outpaces DHI and the SPDR Homebuilders ETF (NYSEARCA:XHB), as well as the S&P 500, the worst performer of the bunch.

 23 NOV  ULTRA CLEAN HOLDINGS 

Ultra Clean Holdings Corporate presentation

4 Nov QRVO
Qorvo’s (QRVO) Q2 Earnings & Revenues Beat Estimates, Up Year on Year. QRVO reported second-quarter fiscal 2022 non-GAAP earnings of $3.42 per share, which soared 40.7% on a year-over-year basis. Revenues increased 18.4% year over year to $1.26 billion. The company gained from new product launches as well as broad-based strength across customers.However Qorvo Stock Fell Sharply on 4 November [$25] as the company saw future projected earnings and forward p/e being affected by supply issues.

28 Oct UCTT
Ultra Clean Holdings (UCTT) Tops Q3 Earnings and Revenue Estimates. Ultra Clean Holdings (UCTT) came out with quarterly earnings of $1.07 per share. This compares to earnings of $0.73 per share a year ago. This quarterly report represents an earnings surprise of 7%. A quarter ago, it was expected that this chipmaking equipment services company would post earnings of $0.95 per share when it actually produced earnings of $0.99, delivering a surprise of 4.21%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.

28 Oct MYR Group
MYR Group beats third earnings estimates. MYR Group (MYRG) came out with quarterly earnings of $1.35 per share. This compares to earnings of $1.02 per share a year ago.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this electrical construction services provider would post earnings of $1.03 per share when it actually produced earnings of $1.24, delivering a surprise of 20.39%.

 

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