|Company Name||Symbol||Last price||Shares||Cost basis||Mkt value||Gain||Overall return|
|Fox Factory Holding Corp||FOXF||37.35||104||3,742.40||3,884.40||142||2.13%|
|Cadence Design Systems…||CDNS||44.58||94||3,754.26||4,190.52||436.26||11.62%|
|Mercury Systems Inc||MRCY||50.68||88||3,739.04||4,459.84||720.8||8.89%|
|AlarmCom Hldg Inc||ALRM||44.2||82||3,735.98||3,624.40||-111.58||-2.99%|
|Applied Materials, Inc.||AMAT||56.49||80||3,748.40||4,519.20||770.8||13.98%|
|Paypal Holdings Inc||PYPL||76.38||71.85||3,566.98||5,487.90||1,920.92||53.85%|
|New Oriental Education…||EDU||89.29||48.88||3,516.74||4,364.50||847.75||24.11%|
|Paycom Software Inc||PAYC||81.99||44||3,437.20||3,607.56||170.36||15.45%|
|Cboe Global Markets Inc||CBOE||116.48||42||3,650.36||4,892.16||1,241.80||17.47%|
|China Lodging Group…||HTHT||124.63||37||4,316.25||4,611.31||295.06||6.84%|
|Red Hat Inc||RHT||125.95||37||4,470.28||4,660.15||189.87||4.25%|
|Analog Devices, Inc.||ADI||90.42||32||2,960.56||2,893.44||-67.12||-2.27%|
|Alibaba Group Holding…||BABA||185.13||26.724487||3,104.15||4,947.50||1,843.35||28.50%|
|Lam Research Corporation||LRCX||210.47||24||3,800.72||5,051.28||1,250.56||23.16%|
|Align Technology, Inc.||ALGN||253.89||23||3,662.49||5,839.47||2,176.98||28.83%|
|Arista Networks Inc||ANET||233.82||20||3,814.00||4,676.40||862.4||11.50%|
|IPG Photonics Corporatio…||IPGP||237.23||20||3,716.20||4,744.60||1,028.40||27.67%|
On Monday, November 20th, we will be selling FOXF and buying ISRG from the proceeds.
During the initial years of my investing education, I used to pick individual stocks. If I get 2% gain in few stocks, I was happy. But, it is amazing to see the portfolio of 28 stocks provided an average return of 2.47% in one day. Overall, the portfolio returned 26.44% in 7 and 1/2 months! Yes, we should be happy..More than twice the S&P 500 return during the same time..
We will not make any changes to the portfolio this week.
Last week has been ups and downs for our portfolio, but, still performed better than S&P 500. ALRM shares went down more than 10% even though they beat the analyst estimates. This can happen if some investors are following ‘sell on good news’. We believe the stock will come back up. Only time will tell if our belief is correct.
NVDA rose more than 5% after it beat earnings. Chip sector is hot these days mainly driven by the demands for the chips in emerging technologies like AI (Artificial Intelligence), VR (Virtual Reality), Data Centers (driven by cloud computing and internet), Driverless Automobile etc. I remember reading more than 15 years ago, when the founder of NVDA saying that GPU should be the main component of PCs and CPU etc should be after that (do not remember exact wordings, but, in essence that is what I read). That statement is becoming more true now a days.
We are selling KEM and CORT on coming Monday and will buy ADI? and V from the proceeds.
Last week, many of the portfolio companies reported earnings..notable winners are ANET and CTL. Losers include KEM and CORT. KEM and CORT nullified any gains we obtained from other winners last week. We reported that we will watch if the rumor about CORT’s sales is true. It appears that it is not. They had good sales, but, missed on earnings target. That is why they tanked.