|Day Low/High||3.57 / 3.70|
|52 Wk Low/High||3.50 / 7.95|
As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.
This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.
Investors in AXT Inc saw new options become available this week, for the June 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AXTI options chain for the new June 21st contracts and identified the following put contract of particular interest.
These 22 stocks in the aggregate are still outpacing the Russell 2000 and Russell Microcap indices, but by a narrower margin than before.
These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.
We rang the register on part of a high-flying position and added to another on weakness.
Titan Machinery is the top performer so far in 2019, up 38% since portfolio launch.
The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.
We're selling our entire stake in AXT Inc., which is likely to see its shares lose more value as some of its key customers are suppliers to sagging Apple Inc.
We added a position in Fitbit, scaled deeper into AcelRx Pharmaceuticals and improved our cost basis in Pitney Bowes.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,100 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: None Downgrades: ARMK, AXTI, CLH, CO, DHIL, FET, FHN, GIII, KNX, MANH, OMN, TCI Initiations: None Read on to get TheStreet Quant Ratings' detailed report:
While the portfolio is down year-to-date, on a relative basis we are well ahead of our benchmark in one of the most challenging market environments in years.
Despite disappointing performance this year, the strategy has shown solid return in the past.
We're using pronounced price declines in GNC Holdings and AXT Inc. to lower our average cost basis in both companies, which we believe still hold promise.
Despite steep declines in the broader market last week, the portfolio had several winners and was helped by our large cash position.
Verizon's announcement of a 5G network that smartphone users will be able to tap into in the first half of 2019 should boost the prospects of AXT and Nokia.
We added to two positions last week, as positive action in the market led the Russell 2000 to climb.
The bottom line is we will remain hopeful for forward progress but realize it will take some time until a deal is hammered out.
GNC and AXT Inc. are in the midst of big changes, and we are growing our positions to take advantage and drive down our cost basis.
Despite swimming against the recent tide with small-cap stocks, we have several positions that are more than holding their own.
We saw a number of our positions rebound along with the market last week.
AXT reported September-quarter results that bested expectations on the top and bottom line, yet the shares are down almost 20% today.
It beat expectations in the third quarter and raised guidance in the current quarter; we also take a look at AXT Inc.
Amid volatile market activity, we added to four positions last week.
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