Top Names, 10/24/2024

Continuing our core strategy and updating our top names performance.

Our Core Strategy

Our core strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week’s top ten when we get stopped out of a position.

A Top Names Performance Update

Before we get to this week’s top ten names, let’s look at the final, 6-month performance of our top ten names from April 18th, 2024.

Our top names from April 4th were up 31.27%, on average, over the next six months, versus up 17.77% for the SPDR S&P 500 Trust (SPY 0.00%↑).

So far, we have 6-month returns for 69 weekly top names cohorts since we started this Substack at the end of December, 2022.

And as you can see above, our top names have averaged returns of 18.76% over the next six months, versus SPY’s average of 12.61%. You can see an interactive version of the table above here, where you can click on each date and see a chart showing each of the holdings that week.

If You Are Concerned About Market Risk

As a reminder, you can download our iPhone hedging app by clicking on the QR code below or aiming your iPhone camera at it.

If You Are Concerned About Political Risk

You can click on the image below to join Kalshi, whose election betting markets are now legal in the U.S. You and I will get an extra $25 to wager if you join via here.

This Week’s Top Names

Below are Portfolio Armor’s current top ten names as of Thursday’s close.

Screen capture via Portfolio Armor on 10/24/2024.

If you’re starting our core strategy now, you’ll want to buy equal dollar amounts of each at or near these prices, if possible, on Friday, and then enter trailing stops of 10% to 20% on each of them. As you get stopped out of positions, you’ll add new ones from the then-current top ten names.

In my case, I am already running this strategy, and got stopped out of one top name position this week, so I will look to add one of these names tomorrow. I’ll post which one I buy and the price I got it for in the comments below this post.