The Twitter Top 10 Portfolio is taking a turn lower this month. The portfolio is being hurt by JC Penney (JCP) down 8%, Achillion Pharmaceuticals (ACHN) down 5%, and Netflix (NFLX) down 4%. The portfolio is also being impacted by the drop in many momentum stocks earlier in the week. This isn’t good news for the market as a whole. Keep an eye on these stocks over the next few weeks. If a lot of them continue to show weakness it will signal choppy markets are in our future.
The only stand out in the portfolio is Bank of America (BAC) up 5%. This aligns with what I’m seeing when I look at industry relative strength from the Twitter stream. It appears that some rotation to financial stocks is occurring.
Below is a performance chart and details of the current month’s holdings.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|