Thursday, October 31, 2019

October 2019 Performance

Surprisingly my portfolio held up relatively well in October with a gain of ~ 1.12% despite the earnings disappointments from Constellation Brands (Ticker: STZ) and Qiagen (Ticker: QGEN). Constellation Brands actually delivered a decent report, but the street did not like the growing losses with their stake in Canopy Growth (Ticker: CGC). And Qiagen warned of slower growth in China… I’ve held this one since it’s the IPO in 1996. I can’t seem to part with this one…

What saved me was Apple’s (Ticker: AAPL) earnings report. Still amazes me how this company can generate this type of numbers. I do constantly debate with myself as to whether to hold or sell the Apple position. The law of large numbers will eventually catch up to Apple and other mega cap tech companies.

I’m still looking around the special situations space. Spark Therapeutics (Ticker: ONCE) is starting to look interesting again. Looks like FTC will likely approve. Now just weighing the odds of an in depth UK investigation.

Oh of course I forgot to mention… I did not execute any trades in October.

2019 Performance = +29.88% with the running monthly returns as follows:

January +7.4%
February +3.7%
March +5.06%
April +7.15%
May -7.90%
June +8.2%
July +1.88%
August +1.00%
September -0.09%
October +1.12%