Top Names, 11/22/2023
Thanksgiving edition.
Happy Thanksgiving
Since the market is closed on Thanksgiving, I’m posting our top ten names as of Wednesday’s close this week. Before we get to them, a quick recap of our core strategy and its performance so far this year.
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%-15% 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 May 18th.
Top Names, 5/18/2023
This Week’s Top Names One of the names in this week’s top ten is a blast from the past for me: the at-home teeth straightening company Align Technology, Inc. ( ). It was a top Portfolio Armor name when we first started tracking the performance of our top ten names almost five years ago. Over the next six months, it climbed more than 57%.
Over the next six months, our top ten names from May 18th were up 9.91%, on average, while the SPDR S&P 500 Trust ETF (SPY 0.00) was up 8.31%.
That was the 16th top names cohort of 20 so far this year that outperformed the market (PA top ten returns are on the left below; SPY returns on the right).
This Week’s Top Names
Below are Portfolio Armor’s current top ten names as of Wednesday’s close.
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