Stock Picks Update For The Week Of Jan. 6

In the last five trading days (Dec. 30 – Jan. 5), the broad stock market has fluctuated following its record-breaking run-up. The S&P 500 index has reached a new record high of 3,769.90 on Monday before retracing most of its December advances.

The S&P 500 has lost 0.25% between the Dec. 30 open and the Jan. 5 close. In the same period of time, our five long and five short stock picks have lost 0.29%. So stock picks basically followed the broad stock market’s performance last week. Our long stock picks have gained 0.46%, but our short stock picks have resulted in a loss of 1.04%.

There are risks that couldn’t be avoided in trading. Hence the need for proper money management and a relatively diversified stock portfolio. This is especially important if trading on a time basis – without using stop-loss/ profit target levels. We are just buying or selling stocks at open on Wednesday and selling or buying them back at close on the next Tuesday.

If stocks were in a prolonged downtrend, being able to profit would be extremely valuable. Of course, it’s not the point of our Stock Pick Updates to forecast where the general stock market is likely to move, but rather to provide you with stocks that are likely to generate profits regardless of what the S&P does.

Our last week’s portfolio result:

  • Long Picks (Dec. 30 open – Jan. 5 close % change): NVDA (+3.19%), INTC (+3.05%), ABBV (+1.32%), VRTX (-2.73%), and FB (-2.51%).
  • Short Picks (Dec. 30 open – Jan. 5 close % change): DUK (-0.19%), SO (-0.53%), MPC (+2.88%), VLO (+3.07%), and SPG (-0.05%).
  • Average long result: +0.46%. Average short result: -1.04%.
  • Total profit (average): -0.29%.

Stock Pick Update performance chart since Nov. 18, 2020:

Let’s check which stocks could magnify S&P’s gains in case it rallies, and which stocks would be likely to decline the most if S&P plunges. Here are our stock picks for the Wednesday, Jan. 6 – Tuesday, Jan. 12 period.

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Disclaimer: All essays, research, and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a ...

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