Top Names, 10/3/2024

Plus an update on our China trades.

China Update

In the past week, we’ve had two exits on China trades, a 200% gain on our calls on Qifu Technologies (QFIN 0.00%↑), and an 88% gain on our X Financial (XYF 0.00%↑) shares. On Tuesday, we added two more China trades.

Let’s recap our core strategy and then move on to our top ten names.

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 March 28th, 2024.

Our top names from March 20th were up, on average, 3.28%, over the next six months, versus up 9.94% for the SPDR S&P 500 Trust (SPY 0.00%↑).

So far, we have 6-month returns for 66 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 19.24% over the next six months, versus SPY’s average of 12.54%. 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 Downside Risk

As a reminder, you can download our iPhone hedging app by clicking on the image below.

This Week’s Top Names

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