Gainers📈 & Losers📉
Our Biggest Gainers & Losers of the Day in the $100,000 Build Portfolio
For the 3rd July 2024:
I Won’t Say it Again 🤐
Pelosi’s Back at it 🛢️
Another day in the green, over over 0.5%.. click on me to see my live portfolio
I Won’t Say It Again 🤐
I’ll keep this super brief because Tesla’s been my biggest gainer for 3 days in a row & I don’t want to keep going on about it😅
Tesla’s been flying for me this week
So why have they rallied over 6% today?
With deliveries beating expectations yesterday Wedbush (a large wealth management firm in the US) raised it’s price target from $275 to $300.
That means they think Tesla’s still got at least another 20% gain in the tank. The positive sentiment from Wedbush was enough to keep the rocket fueled on Tesla for another day.
And I think the $300 target is super reasonable. It’d bring us to a resistance seen in 2021, 2022 & 2023 so looks to be a solid psychological level.
Might be worth considering trimming the position & taking some profits if when we see $300 again but for now I’m happy to continue holding.
Tesla has been at around $300 a few time but only really broke out once
Today’s rally pushes my overall profit on Tesla to over 31%. It’s still going strong as my 10th largest holding, making up 2% of my portfolio.
Tesla profits breaking over 30%
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Pelosi’s Back At It 🔍👀
Nvidia & Broadcom were both up over 4% today I can thank Nancy Pelosi for that.
“What’s she got to do with it?” you ask?
Well, an SEC filing was made showing that she’s been purchasing Nvidia stock. She’s also been buying call options on Broadcom too. (Call options are a way of betting on the price of a stock going up)
Still don’t get why it matters? Nancy is an american politician & she has an almost psychic ability to buy stocks before new laws & legislation get released benefiting them. Her annual return for 2023 was 65%.
Totally nothing fishy about that. I guess the US are just lucky to have a politician who’s smart enough to give Warren Buffett a run for his money….
Nearly 40% profit on my closed positions for Nvidia
I’m bullish on these two stocks anyway & done a deep dive into Broadcom a few weeks ago.
My current holdings on Nvidia & Broadcom are actually both negative right now so I’m happy to get the Pelosi boost.
That’s not to say I’m not profitable on them overall. I’ve done some profit taking lately & re-entered so just waiting for them to cook up again.
My open Nvidia positions are negative but totally fine with that for now
Nvidia currently makes up over 7% of my portfolio & is my third largest holding. Broadcom makes up 1.6% of the portfolio.
Let’s see if the momentum will carry in the short to medium term for these ones.
That’s all! See you same time tomorrow week 👋
P.S Hit reply & let me know what you thought of today’s newsletter. All feedback is welcomed ❤️