Another green month? Stocks rallied, perhaps in part by another Brexit date delayed, Fed interest rate cut and just the usual rollercoaster that forms part of our entertainment in the markets.
Last month I reported on Sports Direct surging for me. I had decided a while back that I would close my position with this stock when it went green as I just feel it is too volatile and I’m not convinced long term or short term that it is a winner. I bought when it dipped and I closed out with a 10% profit.
Kraft Heinz was my top performer at 20%. It had suffered quite a bit losing 50% in the last year. I bought into it when it was down about 35% of that feeling that was a good safety margin. So happy to see it back in the green. I think there is still some growing/recovery room yet.
AMD was a similar story. It had dipped 20% since I bought it and recovered that in the last month.
Barclays made 3rd spot with at 17% recovery and I’m pleased to see the engines put on reverse for the falling banking stocks.
I’m a big fan of finance and I think the 2007 crash and subsequent troubles have made investors twitchy about these stocks. I think they are undervalued and long term money making institutions like banks tend to do well. Indeed finance makes up 29% of my portfolio, so I hope I’m right!
Beyond Meat took a hammering. I wanted to invest in this stock in the summer against my gut feeling that it was way overpriced as I liked its uniqueness and think the Vegan market is set to soar. However I should have stuck to my head and not my heart. The stock has tanked losing 44% this month.
As per Freetrade’s policy always remember to do your own research.
Remember that past performance is no guarantee of future performance.
This is a discussion only thread and is not advice to invest in any particular stock.