Top Names, 8/29/2024

Continuing our core strategy while updating our performance.

Trading Note

Before we get to this week’s top ten, a brief trading note. We had a successful exit today from a post-earnings trade on Salesforce (CRM 0.00%↑).

@dpinsen @dpinsen ♬ Nirvana - The Cult

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I plan to follow that approach with other names this earnings season.

Also, if you are concerned about market risk, remember, you can download our iPhone hedging app here, or by aiming your iPhone camera at the QR code below. 

Now onto a recap of our core strategy and a performance update on our top names.

Our core strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 15%-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 February 29th.

Over the next six months, our top ten names from February 29th were down 19.46%, on average, versus up 10.25% for the SPDR S&P 500 Trust (SPY 0.00%↑).

So far, we have 6-month returns for 62 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 20.56% over the next six months, versus SPY’s average of 12.79%. 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.

This Week’s Top Names

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