AndreaMarcon16 @AndreaMarcon16: "📊 𝗔𝗽𝗿𝗶𝗹 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 / 𝗠𝗼𝗻𝘁𝗵𝗹𝘆..."

Switzerland

📊 𝗔𝗽𝗿𝗶𝗹 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 / 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲 Dear Copiers & Followers, As we head into our first full week of 𝗠𝗮𝘆, I thought I would write a 𝙨𝙝𝙤𝙧𝙩 𝙢𝙤𝙣𝙩𝙝𝙡𝙮 𝙪𝙥𝙙𝙖𝙩𝙚 post as always... 📈 April was a 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗶𝗻𝗴 𝗺𝗼𝗻𝘁𝗵 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, with the $SPX500 recording a significant 𝟰.𝟭𝟲% 𝗹𝗼𝘀𝘀, undoubtedly influenced by the negative market sentiment brought about by the 𝗻𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝗖𝗣𝗜 𝗿𝗲𝗽𝗼𝗿𝘁, reduced US job growth and the FED's decision to maintain high interest rates. This negative market sentiment did reflect on the 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼, with us recording a -𝟭.𝟮𝟳% 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗶𝗻 𝗔𝗽𝗿𝗶𝗹, reducing the gains we had made in March, bringing our 𝗬𝗧𝗗 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝘁𝗼 +𝟬.𝟲𝟵%. An important factor in our negative performance last month was the sharp fall in $CPRI (Capri Holdings Ltd) share price (-21.68% in April), resulting from the 𝗙𝗧𝗖'𝘀 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝘁𝗼 𝘀𝘂𝗲 𝗶𝗻 𝗮𝗻 𝗮𝘁𝘁𝗲𝗺𝗽𝘁 𝘁𝗼 𝗯𝗹𝗼𝗰𝗸 𝗖𝗣𝗥𝗜'𝘀 𝗺𝗲𝗿𝗴𝗲𝗿 with $TPR (Tapestry, Inc) , despite the merger having 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝗿𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗳𝗿𝗼𝗺 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗨 𝗮𝗻𝗱 𝗝𝗮𝗽𝗮𝗻. News on the lawsuit will undoubtedly continue to influence the share-price as legal proceedings take place. On the other hand, $PBR (Petroleo Brasileiro SA Petrobras-ADR) had a 𝘃𝗲𝗿𝘆 𝘀𝘁𝗿𝗼𝗻𝗴 𝗺𝗼𝗻𝘁𝗵, 𝗿𝗲𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗮 +𝟭𝟰.𝟯𝟳% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝘀𝗵𝗮𝗿𝗲 𝗽𝗿𝗶𝗰𝗲. While unpleasant, the negative market sentiment this month did present the opportunity to 𝗲𝘅𝗽𝗮𝗻𝗱 𝗼𝘂𝗿 𝗵𝗼𝗹𝗱𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗲𝘅𝗽𝗼𝘀𝘂𝗿𝗲, as we 'bought the dip' As regards some of the 𝙘𝙝𝙖𝙣𝙜𝙚𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤, we: ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $KCR.HE (Konecranes Oyj) (𝟭𝟬𝟭.𝟰𝟳% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $SU (Suncor Energy Inc.) (𝟯𝟵.𝟬𝟱% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $IPN.PA (Ipsen SA) (𝟭𝟭.𝟭𝟬% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $SWKS (Skyworks Solutions) (𝟲.𝟬𝟰% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟮 of our investment in $NTR (Nutrien Ltd) (7.06% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $ENEL.MI (Enel Power Company) (currently up 9.79%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $CIG (Companhia Energetica de Minas Gerais-ADR) (currently up 9.59%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $ELP (Companhia Paranaense de Energia - COPEL) (currently up 7.80%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $BERY (Berry Plastics Group Inc) (currently up 5.00%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $ABEV (Ambev ADR) (currently up 1.26%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $UBS (UBS Group AG) (currently down 3.10%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $NOMD (Nomad Foods Ltd) (currently down 4.54%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $ASO (Academy Sports and Outdoors Inc.) (currently down 4.67%) 🔍 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗲𝘅𝗽𝗲𝗰𝘁 𝗶𝗻 𝗠𝗮𝘆... ◾ Given the disappointing CPI report for April, it would be 𝗲𝘅𝘁𝗿𝗲𝗺𝗲𝗹𝘆 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗘𝗗 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 𝗮 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁, regardless of May's CPI report. Still, market sentiment will likely 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝘁𝗼 𝗯𝗲 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲𝗱 𝗯𝘆 𝗖𝗣𝗜 𝗱𝗮𝘁𝗮. ◾ May will see the publishing of 𝗤𝟮 𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 for a number of companies in our portfolio. Therefore, 𝘀𝗵𝗮𝗿𝗲-𝗽𝗿𝗶𝗰𝗲 𝗳𝗹𝘂𝗰𝘁𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱. ◾ We are also expecting 𝗱𝗶𝘃𝗶𝗱𝗲𝗻𝗱𝘀 from: $UBS , $C (Citigroup) , $NOMD, $CF (CF Industries Holdings Inc) and 𝗻𝗼𝘁𝗮𝗯𝗹𝘆 $PBR . This is all for now, happy trading everyone, Andrea