Good Morning Memberships
And a very Happy Manic Monday to you all. The stock market seems to be hitting a historical phase at this point as the S&P hit at new 3,000 point high last week. But I would caution against thinking the market is no longer volatile, the trade wars still unstable causing swings up and down from day to day. And once more, it’s that time of the year again, EARNINGS SEASON! If you recall the first quarter saw shares fall even if a security met or beat estimates, evident of how unsettled the market climate was back then. I’m hopeful that the market will return to form during this season and be grace to our portfolio.
Since I presented you with the mid-year analysis about two weeks ago our portfolio has gone from being even at $50,000 to being up about $3,000. That’s a gain of about 6% in just 10 trading days. The gains are driven by P&G and Mastercard(who were already up 21% and 34% respectively) expanding on their gains. But in addition, securities(Netflix, Square, & UnitedHealthCare) that had be relatively flat all have had gains. Gains that have worked out to an average of about 10%.
I appreciate all of those who took the time to submit their answers for the survey on last week. The returns were a modest number but will he used to gain a feel for what the group would like done for the second half of the year. The results will be thoroughly analyzed between myself and Charles, which should allow us to give you a report on what that changes if any will be taken in the next week or so. Stay tuned in for updates.
In regards to the Voleo platform I have been granted access to Group B which I have started to review. I still don’t have access to Group C as of yet but I have sent another email to the Voleo CEO in regards to that problem and hopefully this will be resolved in the next day or two. I will say that I can tell from what I already see that consolidation will need to be taken with the positions that have already been taken. In some cases there are two or three positions taken in the same sector in different companies this is conflicting interest and basically has the portfolio competing against itself instead of working together. To give you an honest timeline it’s going to take me to the end of the month to make the changes in each group, I don’t want to be rash and just make unilateral decisions. Proper analysis will need to be done so if you will bare with me I’d appreciate it.
In other administrative news I would like to official introduce you all to LaQuida Chauncey, the new VP of Membership Services. From this day forward you can forward all your questions, stock suggestions, new membership inquiries, and etc; basically all membership needs will be handled by her. She will also be handling the request for the RE that will be handled by Charles and the team over there who handles who questions. Please grant her the curiosity and understanding that you have shown me, Candace, and Charles before her. She can be reached at the club general email address: firstname.lastname@example.org
Information from this weekly email is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for analysis purposes only. Be sure to understand all risks involved with each strategy, before attempting to place any trade.
Per usual hope you all have a great and prosperous week and an even better investment week. Will talk to you soon!!
Jamaal W Vetose
Todd Capital Investments