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

Switzerland

📊 𝗠𝗮𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 / 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲 Dear Copiers & Followers, As we head into our first full week of June, I thought I would write a 𝙨𝙝𝙤𝙧𝙩 𝙢𝙤𝙣𝙩𝙝𝙡𝙮 𝙪𝙥𝙙𝙖𝙩𝙚 post as always... 📈 May was a 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗺𝗼𝗻𝘁𝗵 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 and for us, with the portfolio recording a +𝟬.𝟳𝟰% 𝗴𝗮𝗶𝗻, largely recovering from April's negative performance and market sentiment brought about by the negative CPI report, reduced US job growth and the FED's decision to maintain high interest rates. This brings our 𝗬𝗧𝗗 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝘂𝗽 𝘁𝗼 +𝟭.𝟬𝟳%, and our 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟮𝟭 𝘂𝗽 𝘁𝗼 +𝟯𝟮.𝟲𝟱%. 𝗠𝗮𝗷𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗺𝗼𝘃𝗲𝗿𝘀 for us this month included $TROX (Tronox Holdings PLC) (+17.36%), with 𝗼𝘂𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝘁𝗹𝘆 𝘂𝗽 +𝟰𝟳.𝟭𝟳%. On the other hand, $CPRI (Capri Holdings Ltd) continued along its 𝗱𝗼𝘄𝗻𝘄𝗮𝗿𝗱𝘀 𝘁𝗿𝗲𝗻𝗱 (currently -4.42%) since the 𝗙𝗧𝗖'𝘀 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝘁𝗼 𝘀𝘂𝗲 𝗶𝗻 𝗮𝗻 𝗮𝘁𝘁𝗲𝗺𝗽𝘁 𝘁𝗼 𝗯𝗹𝗼𝗰𝗸 𝗖𝗣𝗥𝗜'𝘀 𝗺𝗲𝗿𝗴𝗲𝗿 with $TPR (Tapestry, Inc) (Tapestry, Inc). As regards specific 𝙘𝙝𝙖𝙣𝙜𝙚𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤, we: ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟰 of our investment in $KEY (KeyCorp) (𝟰𝟬.𝟯𝟴% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $NTR (Nutrien Ltd) (𝟭𝟳.𝟮𝟬% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟮 of our investment in $ENEL.MI (Enel Power Company) (𝟭𝟱.𝟲𝟵% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟮 of our investment in $CIG (Companhia Energetica de Minas Gerais-ADR) (𝟭𝟬.𝟬𝟴% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $CSCO (Cisco Systems Inc) (𝟯.𝟬𝟭% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $ASO (Academy Sports and Outdoors Inc.) (currently up 7.57%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $CSCO (currently down 1.10%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a new position in $SWKS (Skyworks Solutions) (currently down 2.61%) 🔍 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗲𝘅𝗽𝗲𝗰𝘁 𝗶𝗻 June... ◾ At the moment, it still seems 𝗲𝘅𝘁𝗿𝗲𝗺𝗲𝗹𝘆 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗘𝗗 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 𝗮 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁, regardless of June's CPI report. Still, market sentiment will likely 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝘁𝗼 𝗯𝗲 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲𝗱 𝗯𝘆 𝗖𝗣𝗜 𝗱𝗮𝘁𝗮. ◾ We are also expecting 𝗱𝗶𝘃𝗶𝗱𝗲𝗻𝗱𝘀 from: $GGB (Gerdau SA-ADR), $CRC (California Resources Corporation), $MOS (Mosaic Co) and 𝗻𝗼𝘁𝗮𝗯𝗹𝘆 $TROX among others . This is all for now, happy trading everyone, Andrea