Top Names, 6/6/2024

Continuing our core strategy

Jun 07, 2024

∙ Paid

In the bustling atmosphere of the New York Stock Exchange, we find two distinct anthropomorphic characters at the heart of the trading floor's energy and activity. One is a bull, standing tall and clothed in an elegant, sharp suit that speaks to its bullish outlook and unyielding confidence in the market's potential. Its horns are polished, blending seamlessly into its professional attire, symbolizing strength and optimism. Beside the bull, a bear presents a stark contrast, embodying caution and a readiness for market downturns. This bear, also dressed in a refined suit, reflects a strategic and careful approach to trading, with its fur subtly peeking out from its clothing, hinting at its inherent nature. Together, they engage in stock trading, analyzing screens filled with fluctuating market data, discussing strategies, and making calls. The scene captures their dynamic relationship against the backdrop of the NYSE, with traders bustling around, screens blinking with live updates, and the air filled with the essence of high-stakes financial decisions.

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.

Top Names Performance

We don’t have our final, 6-month performance of our top names cohort from December 7th yet (we should have it in time for our Exits post this week), but here is how all of our weekly top names cohorts have done since we started this Substack up until the November 30th, 2023 top names.

You can click here to see an interactive version of that table, where you can click on a date and see what are top names were then and how each of them did.

This Week’s Top Names

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

Keep reading with a 7-day free trial

Subscribe to The Portfolio Armor Substack to keep reading this post and get 7 days of free access to the full post archives.