The StockTwits Top 10 Portfolio continues to track the market. For the past few months the performance between the S&P 500 Index (SPX) and the the portfolio has been almost exactly the same. This is at odds with the way the Twitter Top 10 portfolio has performed. It tends to outperform in up trends and under perform in dips (we haven’t seen how it performs in a sustained down trend yet). The StockTwits portfolio has larger and more well known stocks as its domain which has resulted in more stable returns than the Twitter portfolio because it is more likely to get defensive on dips in the market.
This month the chip stocks Advanced Micro Devices (AMD) down 7% and Micron Tech (MU) down over 3% are the drags on the portfolio while Luluemon (LULU) up 11% is the big stand out. We mentioned that it looked like LULU might be turning the corner on StockTwits and Twitter at the first of the month. It appears that LULU’s troubles might be behind them. Here’s a post with the chart that was associated with the tweet.
Below is a performance chart and details of the current holdings.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|