|Day Low/High||6.55 / 6.70|
|52 Wk Low/High||5.80 / 10.75|
We will revisit the shares and their place in the portfolio in the near-term despite what we see as favorable developments over the medium to longer-term.
We could be in for a bumpy ride as companies and analysts reset their growth and profit expectations for the December quarter and 2019.
We initiated a new position and added to a newer name during a mixed week for the portfolio.
We are using recent declines in AXT, Inc., Del Frisco's Restaurant Group and GSV Capital to nibble further on each position.
Last week was a frenetic one for the portfolio as we scaled into one name, added another to the fold, and booked some hefty profits in a cannabis stock.
Last week we re-initiated a position in Aurora Cannabis, exited USA Technologies and added to our holdings in Del Frisco's Restaurant Group.
We added a starter a position in Parateum Corp. during a challenging week for the portfolio.
We added 2 new positions last week as the portfolio finished the summer strong.
Last week was a busy one for the portfolio as we exited 3 positions.
There were several bright spots in the portfolio last week, including Habit Restaurants and USA Technologies.
The portfolio had several big winners last week as shares of Habit Restaurants and Energy Recovery soared.
In trading on Friday, shares of AXT Inc crossed above their 200 day moving average of $7.98, changing hands as high as $8.00 per share. AXT Inc shares are currently trading down about 1.3% on the day.
Nokia wins a multibillion-dollar deal for 5G network gear and Wedbush raises its price target on Habit Restaurants.
We trimmed one position and added to another last week as smaller-cap stocks took a hit.
AXT and Nokia reported their June quarterly results, and we remain confident with both stocks.
Investors in AXT Inc saw new options begin trading this week, for the September 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AXTI options chain for the new September 21st contracts and identified one put and one call contract of particular interest.
Recent remarks from Verizon and Qualcomm bode well for our Nokia and AXT, Inc. positions.
During a week that showed little change for the major stock market indices, the portfolio had a number of outperformers.
We will ring the register on part of our AXTI position and redeploy some of the capital into Farmland Partners.
A global 5G buildout should help our portfolio names over the long term.
Similar to the Russell 2000 trading off last week so too did a number of our holdings, although there were bright spots as well.
We are selling some of our USA Technologies and AXT positions after recent runups in both stocks.
In trading on Wednesday, shares of AXT Inc crossed above their 200 day moving average of $8.06, changing hands as high as $8.36 per share. AXT Inc shares are currently trading up about 15.4% on the day.
It was a challenging week for the portfolio amid continued trade and tariff concerns.
It was a good week for the portfolio, as a large majority of positions outperformed the market.
Last week, we initiated a position in Farmland Partners and trimmed our holdings in AcelRx Pharmaceuticals.
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