Portfolio review - Update & Earnings Strategy

Five of the Magnificent Seven are in my portfolio 

Currently the portfolio is up 54.9% year-to-date, although at the beginning of the month it peaked at 59.1%.

I do own 5 of the Magnificent Seven stocks, where Meta & Microsoft are the best performers in my portfolio, they are around fair value right now. I have divested from Apple on the run up, as it is about 26% over valued. As for Amazon & Alphabet, they are still undervalued and I will add more shares if they fall after earnings.

As for Nvidia & Tesla, they are way over valued, so that won't be a consideration as the downside is more than the upside.

One of the underdogs that has surprised me was Salesforce, I did not expect them to launch their AI product at all.

The sole black sheep is Disney, which is down by 20% on my portfolio. I will be monitoring it for another six months before deciding if it deserves a place in my portfolio for 2024.

Exposure to China

There are also China recovery themed investments in Alibaba & Pinduoduo, although they are not on this platform but elsewhere, which are slightly below break even point. 

Will be monitoring the China situation, and the news in the past month was all doom and gloom, and it gave me the same exact feeling last year in November when I was thinking if I should be selling my Meta shares back then.

Financials still lag behind

Also on the other platform is CME Group & Intercontinental Exchange (which is the parent coompany of the New York Stock Exchange) that have performed well in 2023, which have helped to lift up the performance of my other portfolio to breakeven point. 

Brokerages are one of the ways to gain exposure to the financial sector, as I personally would avoid banks as net interest margin will be coming down and in the rare occurance that if the economy does turn spur, banks might not do well due to debt write-offs, etc. Financials are currently lagging behind from the top three sectors (Technology, Communication Services & Consumer Cyclicals) and I do expect them to participate in the bull market in the second half of 2023. 

$Microsoft(MSFT)$ 

$Intercontinental Exchange(ICE)$ 

$Meta Platforms, Inc.(META)$ 

@TigerStars 

@CaptainTiger