Top Names, 9/21/2023

Continuing our core strategy.

Our Core Strategy

We’ve had a number of number of new subscribers this week, so here’s a brief explanation of 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 at the final, 6-month performance of our top ten names from March 16th.

Over the next six months, our top ten names from March 16th were up 5.3%, on average, while the SPDR S&P 500 Trust ETF (SPY 0.00) was up 13.18%.

That was the 3rd top names cohort of 11 this year that underperformed the market (PA top ten returns are on the left below; SPY returns on the right).

This Week’s Top Names

Our #1 name this week is a bank that managed to profit from last March’s banking crisis. This bank made our top names a few months ago as well.

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