Week's summary:
The week just ended was again a successful one, having many transactions closed with reasonable profit.
Overview
Our portfolio has almost 50% cash and we manage to gain a few percentage performance per week. $GOLD dropped below 2000 USD and it is still recovering. We are closing monitoring and will open new positions once the price reaches the convenient value.
Position updates
$NSDQ100 positions are in negative territory, but we still collect refunds for them.
CPI report from Tuesday helped us to close several profitable positions on currencies holdings ( $USDMXN$USDZAR$USDCHF$ZARJPY$CHFJPY$CHFHUF$NZDCHF ).
I put some orders on various currency pairs on different levels, waiting for execution.
Market Insights
$ALB (Albemarle Corporation) earnings-Albemarle's full-year 2023 result marks the second highest earnings year in company history. Revenues exceed analysts expectations while EPS lags behind.
$MC.PA (LVMH Moet Hennessy Louis Vuitton SA) Final dividend of €7.50 announced. Ex-date 23rd April 2024, payment date 25th April 2024.
$ABBV (AbbVie Inc) AbbVie Inc. declared a quarterly cash dividend of $1.55 per share. The cash dividend is payable May 15, 2024, to stockholders of record at the close of business on April 15, 2024.
$BBD (Banco Bradesco ADR) The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated.
2024 revenue forecast decreased from R$127.7b to R$121.2b.
EPS estimate also fell from R$2.10 per share to R$1.79 per share.
Net income forecast to grow 32% next year vs 21% growth forecast for the Banks industry in Brazil.
Consensus price target down from R$18.01 to R$17.29.
$WHC.ASX (Whitehaven Coal Limited) Whitehaven Coal Limited Earnings Missed Analyst Estimates: revenues of AU$1.6b were in line with analyst predictions, earnings missing estimates by 37% to hit AU$0.32 per share.
The main event for the next week is $NVDA (NVIDIA Corporation) earnings on Wednesday.
Crypto update
We have reduced the crypto holdings by selling $ADA with small profit. It looks like a solid positive movement for the crypto market, but not sure yet.
Statistics:
The average risk remains at 3, reflecting a balanced approach to portfolio management. Profitable trades constituted 80.90 % of the total of 1131.
Performance this week +1.42 % ( $SPX500 -0.42 %, $NSDQ100 -1.28 %)
Performance this month +5.39 % ( $SPX500 +4.70 %, $NSDQ100 +4.78%)
Performance year to date -10.67% ( $SPX500 +5.54 %, $NSDQ100 +6.84 %).
Dividends
Dividends were received from $BBD $ETRN $AAPL (Apple)$ABBV and $ALLY (Ally Financial Inc) during the week, contributing to the overall portfolio performance.
No dividend payment is expected next week.
Estimated dividend yield for the entire portfolio is 1.2 %.
Conclusion
I will stay vigilant in monitoring market dynamics and adjusting our strategies accordingly to capitalize on emerging opportunities.
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