Weekly Portfoglio update
> The portfolio had a dreadful week, resulting in a loss of -1.4%. An order input error (a "fat finger" mistake) cost a loss of -0.4%. Additionally, the equity component of the market experienced a slowdown following the S&P 500, and this component underperformed due to the negative performance of small and medium-sized enterprises where I am exposed. In fact, the Russell 2000 fell by -2.78%.
> Strategy: (1) The portfolio is currently positioned extremely defensively. (2) Equity allocation remains at 47%, an historic low entirely hedged through the hedging position weighted 4.7% x 10 leveraged. (3) The bond portion has reached the maximum weight expected for this project, at 25%. (4) The cash component is quite substantial at 23%. (5) The sector composition is also defensive, with an overweight in the Financial, Consumer Defensive, and Energy sectors, while underweighting Cyclical Consumer and Utilities sectors.
> Trades of the week: $UBER (Uber Technologies Inc.) - I closed a portion of the investment (+27.9%), noticing that after the significant bull run of the stock, it seems to have lost momentum lately.
> New Positions Opened During the Week: $EXAS (Exact Sciences Corp) - provides cancer screening and diagnostic test products and internationally. Now pricing at 70.23$ while my fair value is 100$. $CVS (CVS Health Corp) -provides health solutions. I see great value there as the company now pricing at 74.58$ while my fair value is 99$. Unlucky timing on the entry because shortly after the investment, the health insurance sector plunged after the Government finalized a lower-than-expected 3.7% increase. $TFC (Truist Financial Corp) - It's a regional bank that has recently gained significant momentum and has excellent fundamentals, considering it is currently priced at $39.09, while my fair value estimate is $47.
> Portfolio Big Movers: (1) $ON (ON Semiconductor Corp) fell -5.9%, it was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in its inventory levels. (2) USFD down -6.4%, the entire food sector was sold off at bargain prices in the last week. (3) PCOR dropped -5.2%, several companies in the software application segment suffered heavy losses in the last week.
Cheers Traders!... Show More
