Quick monthly update 🙌
$NSDQ100 and $SPX500 rose in the past few weeks, but have been running sideways for the past couple of months.
Despite the good economic growth signaled during the first half of the year, investors are not convinced yet.
One of the standout earning performances last month undoubtedly came from $NVDA (NVIDIA Corporation), after announcing their Q2 results and guidance that exceeded expectations.
For the quarter ending, Nvidia reported an impressive adjusted EPS of $2.70 on revenue of $13.51B. This included a gaming revenue of $2.49B, which surpassed the expected $2.38B. Their data center sales reached a record high of $10.32B, massively overshooting the predicted $7.98B. Adjusted gross margins came in at 71.2%, a slight uptick from the anticipated 70.1%.
But Nvidia didn't stop there. They forecasted their third-quarter sales to hit around $16B, which is considerably higher than the $12.5B estimated by analysts.
Earlier in the year we trimmed our Nvidia positions after being +150% up, for the sake of risk management and allowing us to have some available funds for other stocks. Now that the morale is extremely high, it's easier for Nvidia to drop at the slightest negative sentiment, and we'll take that as an opportunity if it happens down the road.
Portfolio Changes:
Closed Positions
- Realty Income
- Porsche Automobil Holding
- and a few swing trades.
New Purchases:
- $ENPH (Enphase Energy Inc.)
- ICLN (Clean Energy ETF)
(reflecting my continuously growing interest in renewable energy)
A reminder from one of the monthly updates: I've been considering making a portfolio reset, which would basically mean closing and opening right after all the positions with the same current value. This would make copiers copies synchronize again, as I've noticed a couple of desynched copies. Let me know your thoughts as a copier in the comments.
Thanks and remember to be patient :)
Paulo... Show More
