ETNs Of The Month: GLDI, USOI

First, a sale!  Facebook (FB) triggered a sale after declining 20% from its all-time high.  First bought in January 2016, it was repurchased seven additional times but not since May 2018.  It was sold for a 159% gain (17% annualized).  Facebook is a cash cow which seems to have squeezed every imaginable dollar from its current platforms.  Facing an uncertain future with its announced pivot to the Metaverse™ as well as increasing regulatory scrutiny, I am more comfortable owning FB via QQQM and not directly.  

The proceeds from this sale were directed into my favorite basket of yield ETF/Ns:  the index covered calls of QYLD, RYLD, and XYLD; the covered calls of SLVO (silver, previously bought); and new covered calls GLDI (gold) and USOI (oil).

As noted in July, SLVO's yield was an unsustainable 35%; it is currently 28%.  GLDI and USOI are currently yielding 11% and 24% respectively.  Anything above the index covered calls' range of 9% to 12% is a bonus.  Adding GLDI and USOI to SLVO will result in more reliable, less lumpy overall monthly cash flows.

Boilerplate time...

As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a 50/50 split between stocks and yield. As seen below, it is currently 54/46.

I am in no rush to flip into yield. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my bond, preferred stock, and/or covered call ETF/Ns. It is truly a month-to-month situation (as it has always been!).

For the foreseeable future, I want to track my Big Five Two every month, whether I buy them or not.

Amazon (AMZN)

• $1.73T market cap
• no dividend
• $458.0B revenue
• 15% revenue growth
• $79.0B cash
• $152.8B debt
• $54.7B operating cash flow
• $9.3B free cash flow

Microsoft (MSFT)

• $2.42T market cap
• 0.8% dividend yield
• $176.3B revenue
• 22% revenue growth
• $130.6B cash
• $78.9B debt
• $82.0B operating cash flow
• $49.8B free cash flow

Here's my current portfolio (buy, hold, and sell). As always, I believe in all of these stocks/ETF/ETNs - until I sell them.

Microsoft (MSFT) 16.16%

Amazon (AMZN) 12.48%

Global X U.S. Preferred ETF (PFFD) 11.77%

iShares Broad USD High Yield Corporate Bond ETF (USHY) 11.73%

Xtrackers USD High Yield Corporate Bond ETF (HYLB) 11.60%
Invesco NASDAQ 100 ETF (QQQM) 7.21%
Alphabet (GOOGL) 5.75%

Global X NASDAQ 100 Covered Call ETF (QYLD) 3.79%

Invesco NASDAQ Next Gen 100 ETF (QQQJ) 2.82%
Intuitive Surgical (ISRG) 2.69%

Global X Russell 2000 Covered Call ETF (RYLD) 2.43%

Global X S&P 500 Covered Call ETF (XYLD) 2.34%
Costco Wholesale (COST) 1.70%

UnitedHealth Group (UNH) 1.51%

Verizon (VZ) 1.09%

Visa (V) 1.06%

AT&T (T) 0.94%

Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO) 0.84%

Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (USOI) 0.75%

Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) 0.75%

ProShares UltraPro QQQ (TQQQ) 0.10%

ProShares UltraPro S&P 500 (UPRO) 0.04%

ProShares UltraPro Russell 2000 (URTY) 0.03%

Stock Of The Month: MSFT

Going forward:  I will only be posting about stock purchases outside of the regularly-scheduled monthly purchases of AGG, HYLB, PFFD, QQQJ, QQQM, and USHY.  (It's going to get really, really boring.)

This month's stock is Microsoft (MSFT), fresh off yet another outstanding quarterly result.

Boilerplate time...

As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a 50/50 split between stocks and bonds. As seen below, it is currently 55/45.

I am in no rush to flip into bonds. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my bond and/or preferred stock ETFs. It is truly a month-to-month situation (as it has always been!).

For the foreseeable future, I want to track my Big Five Two every month, whether I buy them or not.

Amazon (AMZN)

• $1.70T market cap
• no dividend
• $347.0B revenue
• 37% revenue growth
• $68.4B cash
• $96.8B debt
• $55.3B operating cash flow
• $33.7B free cash flow

Microsoft (MSFT)

• $1.83T market cap
• 0.9% dividend yield
• $153.3B revenue
• 17% revenue growth
• $132.0B cash
• $82.9B debt
• $68.0B operating cash flow
• $34.8B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks/ETFs - until I sell them.

Amazon (AMZN) 13.49%
Microsoft (MSFT) 13.23%
iShares Broad USD High Yield Corporate Bond ETF (USHY) 12.35%
Xtrackers USD High Yield Corporate Bond ETF (HYLB) 12.29%
iShares Core U.S. Aggregate Bond ETF (AGG) 10.90%
Global X U.S. Preferred ETF (PFFD) 8.04%
Invesco NASDAQ 100 ETF (QQQM) 5.87%
Alphabet (GOOGL) 4.56%
Facebook (FB) 2.59%
Invesco NASDAQ Next Gen 100 ETF (QQQJ) 2.51%
Intuitive Surgical (ISRG) 2.30%
Adobe (ADBE) 1.96%
Costco Wholesale (COST) 1.24%
UnitedHealth Group (UNH) 1.23%
Visa (V) 1.18%
Autodesk (ADSK) 0.75%

(Preferred) Stock(/Bond ETF)s Of The Month: AGG, HYLB, PFFD, USHY

First...a triggered sale! During its most recent earnings call, Intel (INTC) announced that they are considering exiting the chip manufacturing business, as they are experiencing delays with their 7nm process. Self-announcing that they are now a second-rate chip manufacturer, paired with their existing rank of third-rate chip designer, was not well received by the market. Intel had already been flirting with my stop-loss trigger order for a while; with this news, the stock price cratered right through it.

A holding since 2010, INTC gained a dollar-cost-averaged 54% (4% annualized). I hope that Intel will return to its status as a great American innovator - in the meantime, current holdings AMD and NVDA will stand to benefit from Intel's miscues, particularly in desktops/laptops and the cloud. The proceeds from this sale went mostly to PFFD, and the rest to AGG, HYLB, and USHY.


Boilerplate time...

As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a 50/50 split between stocks and bonds. As seen below, it is currently 95/5 - and even if tomorrow all of my stop-loss trigger orders were executed, it would be just 78/22.

I am in no rush to flip into bonds. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my bond and/or preferred stock ETFs. It is truly a month-to-month situation (as it has always been!).

For the foreseeable future, I want to track my Big Five every month, whether I buy them or not.

Amazon (AMZN)

• $1.60T market cap
• no dividend
• $321.8B revenue
• 40% revenue growth
• $71.4B cash
• $91.4B debt
• $51.2B operating cash flow
• $33.7B free cash flow

Apple (AAPL)

• $1.87T market cap
• 0.8% dividend yield
• $273.9B revenue
• 11% revenue growth
• $93.0B cash
• $122.2B debt
• $80.0B operating cash flow
• $52.3B free cash flow

Microsoft (MSFT)

• $1.64T market cap
• 1.0% dividend yield
• $143.0B revenue
• 13% revenue growth
• $136.5B cash
• $82.1B debt
• $60.7B operating cash flow
• $34.3B free cash flow

NVIDIA (NVDA)

• $270.9B market cap
• 0.2% dividend yield
• $11.8B revenue
• 39% revenue growth
• $16.4B cash
• $7.6B debt
• $5.0B operating cash flow
• $3.2B free cash flow

Tesla (TSLA)

• $276.7B market cap
• no dividend
• $25.7B revenue
• -5% revenue growth
• $8.6B cash
• $15.5B debt
• $2.7B operating cash flow
• $1.1B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks/ETFs - until I sell them.

Tesla (TSLA) 26.66%
NVIDIA (NVDA) 16.29%
Amazon (AMZN) 13.13%
Apple (AAPL) 11.81%
Microsoft (MSFT) 10.30%
Alphabet (GOOGL) 3.46%
Facebook (FB) 2.58%
Intuitive Surgical (ISRG) 2.23%
Adobe (ADBE) 1.93%
Salesforce (CRM) 1.44%
iShares Broad USD High Yield Corporate Bond ETF (USHY) 1.27%
Xtrackers USD High Yield Corporate Bond ETF (HYLB) 1.27%
iShares Core U.S. Aggregate Bond ETF (AGG) 1.22%
Costco Wholesale (COST) 1.21%
Visa (V) 1.18%
UnitedHealth Group (UNH) 1.17%
Global X U.S. Preferred ETF (PFFD) 1.13%
Advanced Micro Devices (AMD) 1.09%
Autodesk (ADSK) 0.64%

(Preferred) Stock (ETF) Of The Month: PFFD

After reading this article, I decided that I needed to add a preferred stock ETF to my portfolio. Global X U.S. Preferred ETF (PFFD) is the only one that I could find with an expense ratio (a still-not-insignificant 0.23%) that I can stomach.


Boilerplate time...

As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a 50/50 split between stocks and bonds. As seen below, it is currently 96/4 - and even if tomorrow all of my stop-loss trigger orders were executed, it would be just 78/22.

I am in no rush to flip into bonds. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my bond and/or preferred stock ETFs. It is truly a month-to-month situation (as it has always been!).

For the foreseeable future, I want to track my Big Five every month, whether I buy them or not.

Amazon (AMZN)

• $1.54T market cap
• no dividend
• $296.3B revenue
• 26% revenue growth
• $49.3B cash
• $78.2B debt
• $39.7B operating cash flow
• $26.7B free cash flow

Apple (AAPL)

• $1.65T market cap
• 0.9% dividend yield
• $268.0B revenue
• 1% revenue growth
• $94.1B cash
• $118.8B debt
• $75.4B operating cash flow
• $45.0B free cash flow

Microsoft (MSFT)

• $1.61T market cap
• 1.0% dividend yield
• $138.7B revenue
• 15% revenue growth
• $137.6B cash
• $84.0B debt
• $58.1B operating cash flow
• $36.2B free cash flow

NVIDIA (NVDA)

• $251.3B market cap
• 0.2% dividend yield
• $11.8B revenue
• 39% revenue growth
• $16.4B cash
• $7.6B debt
• $5.0B operating cash flow
• $3.2B free cash flow

Tesla (TSLA)

• $253.3B market cap
• no dividend
• $26.0B revenue
• 32% revenue growth
• $8.1B cash
• $15.2B debt
• $2.6B operating cash flow
• $1.6B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 26.10%
NVIDIA (NVDA) 16.08%
Amazon (AMZN) 13.83%
Apple (AAPL) 11.00%
Microsoft (MSFT) 10.78%
Alphabet (GOOGL) 3.73%
Facebook (FB) 2.65%
Adobe (ADBE) 2.10%
Intuitive Surgical (ISRG) 2.00%
Salesforce (CRM) 1.51%
Visa (V) 1.29%
Costco Wholesale (COST) 1.24%
UnitedHealth Group (UNH) 1.23%
iShares Broad USD High Yield Corporate Bond ETF (USHY) 1.19%
Xtrackers USD High Yield Corporate Bond ETF (HYLB) 1.18%
iShares Core U.S. Aggregate Bond ETF (AGG) 1.15%
Intel (INTC) 1.12%
Advanced Micro Devices (AMD) 0.80%
Autodesk (ADSK) 0.70%
Global X U.S. Preferred ETF (PFFD) 0.32%

Stock Of The Month: MSFT...And Also AGG, HYLB, USHY (The Those Aren't Stocks - Those Are Bond ETFs! Edition)

One additional sale was triggered by stop-loss after last month's mega-sale: Nike (NKE), which had been part of the portfolio since 2013 and added to four times thereafter, for an overall 87% gain (9% annualized).

The proceeds went to Microsoft (MSFT), as June is a dividend stock month and it is now almost the same in allocation to Apple (AAPL) as the 4th and 5th of my core holdings; and once again, equal amounts of my bond ETFs (AGG, HYLB, USHY).

As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a 50/50 split between stocks and bonds. As seen below, it is currently 96/4 - and even if tomorrow all of my stop-loss trigger orders were executed, it would be just 74/26.

I am in no rush to flip into bonds. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my bond ETFs. It is truly a month-to-month situation (as it has always been!).

For the foreseeable future, I not only want to track which of my Big Five I buy in a given month - I want to track those that I don't buy.

Amazon (AMZN)

• $1.23T market cap
• no dividend
• $296.3B revenue
• 26% revenue growth
• $49.3B cash
• $63.7B debt
• $39.7B operating cash flow
• $40.7B free cash flow

Apple (AAPL)

• $1.40T market cap
• 1.1% dividend yield
• $268.0B revenue
• 1% revenue growth
• $94.1B cash
• $109.5B debt
• $75.4B operating cash flow
• $45.7B free cash flow

Microsoft (MSFT)

• $1.39T market cap
• 1.1% dividend yield
• $138.7B revenue
• 15% revenue growth
• $137.6B cash
• $84.0B debt
• $58.1B operating cash flow
• $36.2B free cash flow

NVIDIA (NVDA)

• $216.6B market cap
• 0.2% dividend yield
• $10.9B revenue
• 41% revenue growth
• $10.9B cash
• $2.6B debt
• $4.8B operating cash flow
• $3.2B free cash flow

Tesla (TSLA)

• $166.5B market cap
• no dividend
• $26.0B revenue
• 32% revenue growth
• $8.1B cash
• $15.2B debt
• $2.6B operating cash flow
• $1.6B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 21.00%
NVIDIA (NVDA) 16.97%
Amazon (AMZN) 13.58%
Apple (AAPL) 11.36%
Microsoft (MSFT) 11.33%
Alphabet (GOOGL) 4.36%
Facebook (FB) 3.09%
Intuitive Surgical (ISRG) 2.42%
Adobe (ADBE) 2.19%
Salesforce (CRM) 1.63%
Visa (V) 1.57%
UnitedHealth Group (UNH) 1.54%
Costco Wholesale (COST) 1.48%
iShares Broad USD High Yield Corporate Bond ETF (USHY) 1.45%
Intel (INTC) 1.45%
Xtrackers USD High Yield Corporate Bond ETF (HYLB) 1.44%
iShares Core U.S. Aggregate Bond ETF (AGG) 1.40%
Advanced Micro Devices (AMD) 0.98%
Autodesk (ADSK) 0.77%

Stock Of The Month: MSFT

For the foreseeable future, I not only want to track which of my Big Five I buy in a given month - I want to track those that I don't buy.

Amazon (AMZN)

• $937.8B market cap
• no dividend
• $280.5B revenue
• 21% revenue growth
• $38.5B operating cash flow
• $18.8B free cash flow

Apple (AAPL)

• $1.20T market cap
• 1.1% dividend yield
• $267.7B revenue
• 9% revenue growth
• $73.2B operating cash flow
• $45.6B free cash flow

Microsoft (MSFT)

• $1.20T market cap
• 1.3% dividend yield
• $134.3B revenue
• 14% revenue growth
• $54.1B operating cash flow
• $35.1B free cash flow

NVIDIA (NVDA)

• $154.6B market cap
• 0.3% dividend yield
• $10.9B revenue
• 41% revenue growth
• $4.8B operating cash flow
• $3.2B free cash flow

Tesla (TSLA)

• $125.2B market cap
• no dividend
• $24.6B revenue
• 2% revenue growth
• $2.4B operating cash flow
• $1.5B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 18.96%
NVIDIA (NVDA) 15.06%
Apple (AAPL) 12.17%
Amazon (AMZN) 11.60%
Microsoft (MSFT) 10.26%
Alphabet (GOOGL) 4.86%
Facebook (FB) 3.02%
Intuitive Surgical (ISRG) 2.71%
Adobe (ADBE) 2.33%
Salesforce (CRM) 1.88%
Visa (V) 1.79%
Costco Wholesale (COST) 1.71%
Nike (NKE) 1.65%
UnitedHealth Group (UNH) 1.58%
Intel (INTC) 1.57%
Comcast (CMCSA) 1.40%
Starbucks (SBUX) 1.30%
Waste Management (WM) 1.17%
Advanced Micro Devices (AMD) 1.00%
American Water Works (AWK) 0.81%
Autodesk (ADSK) 0.77%
Union Pacific (UNP) 0.63%
Norfolk Southern (NSC) 0.62%
CSX (CSX) 0.59%
Kansas City Southern (KSU) 0.29%
Canadian National Railway (CNI) 0.26%

Stock Of The Month: AMZN

For the foreseeable future, I not only want to track which of my Big Five I buy in a given month - I want to track those that I don't buy.

Amazon (AMZN)

• $1.02T market cap
• no dividend
• $280.5B revenue
• 21% revenue growth
• $38.5B operating cash flow
• $18.8B free cash flow

Apple (AAPL)

• $1.41T market cap
• 1.0% dividend yield
• $267.7B revenue
• 9% revenue growth
• $73.2B operating cash flow
• $45.6B free cash flow

Microsoft (MSFT)

• $1.37T market cap
• 1.2% dividend yield
• $134.3B revenue
• 14% revenue growth
• $54.1B operating cash flow
• $35.1B free cash flow

NVIDIA (NVDA)

• $147.6B market cap
• 0.3% dividend yield
• $10.0B revenue
• -5% revenue growth
• $4.2B operating cash flow
• $2.8B free cash flow

Tesla (TSLA)

• $132.4B market cap
• no dividend
• $24.6B revenue
• 2% revenue growth
• $2.4B operating cash flow
• $1.6B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 18.42%
NVIDIA (NVDA) 13.44%
Apple (AAPL) 12.88%
Amazon (AMZN) 11.90%
Microsoft (MSFT) 10.07%
Alphabet (GOOGL) 4.99%
Facebook (FB) 3.18%
Intuitive Surgical (ISRG) 2.75%
Adobe (ADBE) 2.33%
Salesforce (CRM) 1.94%
Visa (V) 1.86%
Intel (INTC) 1.79%
Nike (NKE) 1.76%
UnitedHealth Group (UNH) 1.69%
Costco Wholesale (COST) 1.68%
Comcast (CMCSA) 1.44%
Starbucks (SBUX) 1.36%
Waste Management (WM) 1.21%
Advanced Micro Devices (AMD) 1.03%
American Water Works (AWK) 0.82%
Autodesk (ADSK) 0.80%
Union Pacific (UNP) 0.71%
Norfolk Southern (NSC) 0.71%
CSX (CSX) 0.64%
Kansas City Southern (KSU) 0.32%
Canadian National Railway (CNI) 0.28%

Stock Of The Month: AMZN

For the foreseeable future, I not only want to track which of my Big Five I buy in a given month - I want to track those that I don't buy.

Amazon (AMZN)

• $928.3B market cap
• no dividend
• $265.5B revenue
• 24% revenue growth
• $35.3B operating cash flow
• $22.6B free cash flow

Apple (AAPL)

• $1.38T market cap
• 1.0% dividend yield
• $260.2B revenue
• 2% revenue growth
• $69.4B operating cash flow
• $42.9B free cash flow

Microsoft (MSFT)

• $1.24T market cap
• 1.3% dividend yield
• $129.8B revenue
• 14% revenue growth
• $52.4B operating cash flow
• $33.8B free cash flow

NVIDIA (NVDA)

• $149.52B market cap
• 0.3% dividend yield
• $10.0B revenue
• -5% revenue growth
• $4.2B operating cash flow
• $2.8B free cash flow

Tesla (TSLA)

• $94.0B market cap
• no dividend
• $24.4B revenue
• -8% revenue growth
• $2.2B operating cash flow
• $1.0B free cash flow

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

NVIDIA (NVDA) 14.58%
Apple (AAPL) 13.85%
Tesla (TSLA) 13.35%
Amazon (AMZN) 11.69%
Microsoft (MSFT) 10.06%
Alphabet (GOOGL) 5.49%
Facebook (FB) 3.67%
Intuitive Surgical (ISRG) 3.18%
Adobe (ADBE) 2.41%
Salesforce (CRM) 2.10%
Visa (V) 1.98%
Nike (NKE) 1.97%
UnitedHealth Group (UNH) 1.88%
Costco Wholesale (COST) 1.80%
Intel (INTC) 1.74%
Comcast (CMCSA) 1.62%
Starbucks (SBUX) 1.56%
Waste Management (WM) 1.27%
Advanced Micro Devices (AMD) 1.11%
Autodesk (ADSK) 0.85%
American Water Works (AWK) 0.83%
Union Pacific (UNP) 0.76%
Norfolk Southern (NSC) 0.73%
CSX (CSX) 0.67%
Kansas City Southern (KSU) 0.33%
Canadian National Railway (CNI) 0.30%

Stocks Of The Month: AMD, COST

Keeping it short and sweet this month...Merry Christmas and Happy Holidays to you and yours.


Advanced Micro Devices (AMD)

• $44.3B market cap
• no dividend
• $6.0B revenue
• 9% revenue growth
• $0.2B operating cash flow
• $0.02B free cash flow

Costco Wholesale (COST)

• $123.0B market cap
• 0.9% dividend yield
• $152.7B revenue
• 7% revenue growth
• $6.4B operating cash flow
• $2.6B free cash flow

Here's my current portfolio (buy and hold). You may notice the a-few-green-at-the-top, a-lot-yellow-at-the-bottom pattern here...meaning 1) most of my 2019 goals were achieved; and 2) my 2020 goal is to make my portfolio top-heavy. As always, I believe in all of these stocks - until I sell them.

NVIDIA (NVDA) 14.23%
Apple (AAPL) 13.29%
Amazon (AMZN) 12.31%
Tesla (TSLA) 10.77%
Microsoft (MSFT) 10.68%
Alphabet (GOOGL) 5.71%
Facebook (FB) 3.84%
Intuitive Surgical (ISRG) 3.54%
Adobe (ADBE) 2.47%
Salesforce (CRM) 2.16%
Visa (V) 2.13%
Nike (NKE) 2.07%
Costco Wholesale (COST) 2.06%
UnitedHealth Group (UNH) 2.02%
Intel (INTC) 1.90%
Comcast (CMCSA) 1.81%
Starbucks (SBUX) 1.68%
Waste Management (WM) 1.41%
Advanced Micro Devices (AMD) 1.03%
American Water Works (AWK) 0.95%
Autodesk (ADSK) 0.89%
Union Pacific (UNP) 0.83%
Norfolk Southern (NSC) 0.79%
CSX (CSX) 0.73%
Kansas City Southern (KSU) 0.35%
Canadian National Railway (CNI) 0.33%

Stocks Of The Month: AMZN, MSFT

First, another sale...(probably) my final of 2019. Booking Holdings (BKNG) was bought in August 2017 and, up until that point, a "lower left to upper right" stock. Since then, not so much. I've sold it at a -7% loss (-4% annualized). This is yet another reminder that nobody's giving away extra money for degree-of-difficulty portfolios - and that it is easier to be right in just a few ways rather than in many. Which is exactly the thinking that informed this month's additions to a couple of my "16" stocks...


Amazon (AMZN)

• $952.3B market cap
• no dividend
• $241.5B revenue
• 17% revenue growth
• $34.5B operating cash flow
• $20.1B free cash flow

Microsoft (MSFT)

• $1.05T market cap
• 1.4% dividend yield
• $122.2B revenue
• 14% revenue growth
• $47.5B operating cash flow
• $26.2B free cash flow

One comment I'd like to make about both AMZN and MSFT, which also applies to Apple (AAPL) and Alphabet (GOOGL):  the psychological trillion dollar hurdle is real.  One trillion dollars is an almost unimaginable amount of money - a million millions, in fact - and the market has a demonstrable "fear of heights" around these milestone market capitalizations (e.g. AAPL's subsequent retreat, MSFT's current pause).  I also know that these valuations are fully justified.  In particular, AMZN growing revenues by $41B year-over-year seems to be underappreciated; I expect it be the largest company in the world for the foreseeable future.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Amazon (AMZN) 16.19%
Apple (AAPL) 12.50%
NVIDIA (NVDA) 11.86%
Tesla (TSLA) 8.67%
Microsoft (MSFT) 8.37%
Alphabet (GOOGL) 5.91%
Facebook (FB) 4.54%
Intuitive Surgical (ISRG) 3.89%
Adobe (ADBE) 2.95%
Visa (V) 2.47%
Nike (NKE) 2.29%
Salesforce (CRM) 2.20%
UnitedHealth Group (UNH) 2.14%
Intel (INTC) 1.97%
Starbucks (SBUX) 1.85%
Waste Management (WM) 1.75%
Comcast (CMCSA) 1.42%
Costco Wholesale (COST) 1.41%
BlackRock (BLK) 1.25%
American Water Works (AWK) 1.10%
Autodesk (ADSK) 1.04%
Norfolk Southern (NSC) 1.02%
Union Pacific (UNP) 1.01%
CSX (CSX) 0.99%
Advanced Micro Devices (AMD) 0.43%
Canadian National Railway (CNI) 0.42%
Kansas City Southern (KSU) 0.35%

Stocks Of The Month: AMD, NVDA

I think I've covered NVDA fairly thoroughly...so let's focus on the first new stock addition to the portfolio since October 2017(!)...

Advanced Micro Devices (AMD)

• $30.6B market cap
• no dividend
• $6.5B revenue
• 6% revenue growth
• $0.3B operating cash flow
• -$0.1B free cash flow

Whereas Intel and NVIDIA have $226B and $111B market caps respectively, AMD is substantially smaller.  It is arguably the only significant competitor for either company, and is inarguably gaining technological ground on both.  In the cloud, AMD has struck deals with Amazon and Google.  In gaming, AMD will the chip provider for Microsoft's newest XBOX.  And in desktops, AMD will be the first to sell 7mm CPUs and GPUs, which promise increased capabilities and lower power consumption.

I have previously stated my belief that NVIDIA deserves the current market cap of Intel (104% upside); additionally, I now believe that AMD deserves the current market cap of NVIDIA (258% upside).

One more thing:  I've swapped the target allocations for Microsoft (now 16%) and Tesla (now 5%).  This should allow Tesla, Alphabet, and Facebook - three stocks I like very much, yet have no desire to add more of - to float along comfortably for some while as at least 15% combined of my portfolio.  Meanwhile, I've got my work cut out for me to add more MSFT...and I look forward to it.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Amazon (AMZN) 14.94%
NVIDIA (NVDA) 13.56%
Apple (AAPL) 13.06%
Tesla (TSLA) 9.54%
Microsoft (MSFT) 6.76%
Alphabet (GOOGL) 6.27%
Facebook (FB) 4.54%
Intuitive Surgical (ISRG) 3.74%
Adobe (ADBE) 2.78%
Salesforce (CRM) 2.34%
Nike (NKE) 2.33%
Visa (V) 2.30%
Intel (INTC) 2.09%
Starbucks (SBUX) 1.70%
UnitedHealth Group (UNH) 1.68%
Waste Management (WM) 1.62%
Costco Wholesale (COST) 1.31%
BlackRock (BLK) 1.28%
Booking Holdings (BKNG) 1.12%
Autodesk (ADSK) 1.08%
Union Pacific (UNP) 1.05%
Norfolk Southern (NSC) 1.04%
American Water Works (AWK) 1.01%
CSX (CSX) 1.01%
Comcast (CMCSA) 0.65%
Canadian National Railway (CNI) 0.42%
Advanced Micro Devices (AMD) 0.39%
Kansas City Southern (KSU) 0.36%

Stock Of The Month: NVDA

First, a sale!  Activision Blizzard (ATVI) has underperformed - rounded to -1% both actual and annualized - and with -7% revenue growth, is no longer worth owning.

This month's stock choice is the wildly mispriced NVIDIA (NVDA).  The price per share has changed since the previous purchase...but the fundamentals have not.

Revisiting the catalysts for NVIDIA to outperform the market for the foreseeable future:

• NVIDIA is at the heart of technologies shaping our future:  deep learning, artificial intelligence, datacenters/cloud computing, and automated driving. 
• NVIDIA's market cap is currently $91B, while Intel's (INTC) is $221B.  Within the semiconductor industry, Intel is the best-in-class manufacturer, while NVIDIA is the best-in-class designer.  If someone wants the most powerful chips in the world, they choose NVIDIA.  Therefore, I believe NVIDIA's market cap will eventually exceed that of fairly-valued Intel's - currently implying a minimum 143% upside.
• NVIDIA's new chip (Turing) being so much better than their old chip (Pascal) is a high-quality problem.  The inventory issues causing so much grief with investors will soon be in the past.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Amazon (AMZN) 14.35%
Tesla (TSLA) 13.68%
Apple (AAPL) 11.96%
NVIDIA (NVDA) 10.83%
Alphabet (GOOGL) 6.86%
Facebook (FB) 4.46%
Intuitive Surgical (ISRG) 4.35%
Microsoft (MSFT) 4.16%
Adobe (ADBE) 2.83%
Salesforce (CRM) 2.55%
Nike (NKE) 2.50%
Intel (INTC) 2.28%
Visa (V) 2.26%
UnitedHealth Group (UNH) 2.17%
Starbucks (SBUX) 1.66%
Waste Management (WM) 1.64%
Chubb Limited (CB) 1.33%
Booking Holdings (BKNG) 1.29%
Costco Wholesale (COST) 1.27%
BlackRock (BLK) 1.26%
Union Pacific (UNP) 1.08%
Autodesk (ADSK) 1.05%
CSX (CSX) 0.97%
Norfolk Southern (NSC) 0.79%
Comcast (CMCSA) 0.63%
American Water Works (AWK) 0.57%
Canadian National Railway (CNI) 0.42%
Aqua America (WTR) 0.42%
Kansas City Southern (KSU) 0.34%

Stocks Of The Month: INTC, UNH, V

Welcome to the third edition of the The Fourth Quarter Dividend. Previous editions can be found here and here.

This month I will choose from the "2"s of my portfolio. (Meaning, each of these stocks are roughly target allocated for 2% of my total portfolio.) The candidate stocks are:

Activision Blizzard (ATVI)
BlackRock (BLK)
Chubb Limited (CB)
Comcast (CMCSA)
Costco Wholesale (COST)
Intel (INTC)
Nike (NKE)
Starbucks (SBUX)
UnitedHealth Group (UNH)
Visa (V)
Waste Management (WM)

ATVI: 0.68% dividend yield, 45% payout ratio, $7.2B revenue, -7% revenue growth, $2.0B operating cash flow, $2.1B free cash flow
BLK: 3.08% dividend yield, 33% payout ratio, $13.4B revenue, 2% revenue growth, $3.8B operating cash flow, $4.3B free cash flow
CB: 2.17% dividend yield, 26% payout ratio, $33.1B revenue, 1% revenue growth, $5.0B operating cash flow, $1.2B free cash flow
CMCSA: 1.97% dividend yield, 14% payout ratio, $88.2B revenue, 5% revenue growth, $24.1B operating cash flow, $8.7B free cash flow
COST: 0.99% dividend yield, 30% payout ratio, $141.6B revenue, 5% revenue growth, $5.8B operating cash flow, $2.6B free cash flow
INTC: 2.58% dividend yield, 36% payout ratio, $69.2B revenue, 19% revenue growth, $29.8B operating cash flow, $7.9B free cash flow
NKE: 1.23% dividend yield, 63% payout ratio, $37.3B revenue, 10% revenue growth, $5.7B operating cash flow, $3.1B free cash flow
SBUX: 2.11% dividend yield, 36% payout ratio, $24.7B revenue, 11% revenue growth, $11.9B operating cash flow, $2.0B free cash flow
UNH: 1.33% dividend yield, 26% payout ratio, $219.9B revenue, 12% revenue growth, $10.7B operating cash flow, $7.9B free cash flow
V: 0.75% dividend yield, 19% payout ratio, $20.6B revenue, 12% revenue growth, $12.7B operating cash flow, $10.5B free cash flow
WM: 2.01% dividend yield, 35% payout ratio, $14.7B revenue, 3% revenue growth, $3.5B operating cash flow, $1.1B free cash flow

While there are plenty of good candidates here, the standouts are Intel, UnitedHealth Group, and Visa. They happen to have the top 3 revenue growth rates in the bunch, and on large base revenues; UNH's 12% growth to nearly $220 billion is particularly impressive.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 15.92%
Amazon (AMZN) 14.85%
Apple (AAPL) 12.50%
NVIDIA (NVDA) 9.93%
Alphabet (GOOGL) 6.47%
Intuitive Surgical (ISRG) 4.37%
Microsoft (MSFT) 4.32%
Facebook (FB) 3.68%
Adobe (ADBE) 2.76%
Nike (NKE) 2.34%
UnitedHealth Group (UNH) 2.28%
Salesforce (CRM) 2.28%
Visa (V) 2.24%
Intel (INTC) 2.24%
Starbucks (SBUX) 1.65%
Waste Management (WM) 1.61%
Costco Wholesale (COST) 1.38%
Chubb Limited (CB) 1.33%
Booking Holdings (BKNG) 1.31%
BlackRock (BLK) 1.24%
Autodesk (ADSK) 0.98%
Comcast (CMCSA) 0.65%
American Water Works (AWK) 0.58%
CSX (CSX) 0.51%
Norfolk Southern (NSC) 0.51%
Union Pacific (UNP) 0.47%
Canadian National Railway (CNI) 0.42%
Aqua America (WTR) 0.42%
Activision Blizzard (ATVI) 0.37%
Kansas City Southern (KSU) 0.33%

Stock Of The Month: NVDA

This month's choice is (once again) NVIDIA (NVDA), which reported earnings on August 16th...and the market actually did a better-than-usual job of absorbing another outstanding quarter:

NVDA since 8/17/18

Revisiting the catalysts for NVIDIA to outperform the market for the foreseeable future:

• NVIDIA is at the heart of technologies shaping our future:  deep learning, artificial intelligence, datacenters/cloud computing, and automated driving.  Note that cryptocurrency, which was (supposedly) responsible for the market's initial disappointment, was not and is not part of the story.
• NVIDIA's market cap is currently $172B, while Intel's (INTC) is $221B.  Within the semiconductor industry, Intel is the best-in-class manufacturer, while NVIDIA is the best-in-class designer.  If someone wants the most powerful chips in the world, they choose NVIDIA.  Therefore, I believe NVIDIA's market cap will eventually exceed that of fairly-valued Intel's - currently implying a minimum 28% upside.
• The market still cannot catch up to NVIDIA's earnings growth.  Q3 2017 to Q4 2017 earnings growth was over 40%, yet the market believes Q3 2018 to Q4 2018 earnings growth will be negative (from Yahoo! Finance):

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Amazon (AMZN) 16.27%
NVIDIA (NVDA) 16.08%
Apple (AAPL) 13.38%
Tesla (TSLA) 11.47%
Alphabet (GOOGL) 6.61%
Intuitive Surgical (ISRG) 4.20%
Facebook (FB) 4.10%
Microsoft (MSFT) 2.88%
Adobe Systems (ADBE) 2.69%
Salesforce.com (CRM) 2.25%
Nike (NKE) 2.21%
Visa (V) 1.86%
UnitedHealth Group (UNH) 1.69%
Intel (INTC) 1.55%
Waste Management (WM) 1.42%
BlackRock (BLK) 1.30%
Costco Wholesale (COST) 1.28%
Chubb Limited (CB) 1.23%
Booking Holdings (BKNG) 1.21%
Starbucks (SBUX) 1.19%
Autodesk (ADSK) 0.97%
Comcast (CMCSA) 0.57%
Activision Blizzard (ATVI) 0.52%
CSX (CSX) 0.49%
American Water Works (AWK) 0.48%
Norfolk Southern (NSC) 0.48%
Union Pacific (UNP) 0.41%
Aqua America (WTR) 0.41%
Canadian National Railway (CNI) 0.40%
Kansas City Southern (KSU) 0.34%

Stock Of The Month: NVDA

This month's choice is NVIDIA (NVDA), who happen to be reporting earnings on August 16th. I see three clear catalysts for NVIDIA to outperform the market for the foreseeable future:

• NVIDIA is at the heart of technologies shaping our future:  deep learning, artificial intelligence, datacenters/cloud computing, and automated driving.
• NVIDIA's market cap is currently $153B, while Intel's (INTC) is $229B.  Within the semiconductor industry, Intel is the best-in-class manufacturer, while NVIDIA is the best-in-class designer.  If someone wants the most powerful chips in the world, they choose NVIDIA.  Therefore, I believe NVIDIA's market cap will eventually exceed that of fairly-valued Intel's - currently implying a minimum 50% upside.
• The market seemingly cannot catch up to NVIDIA's earnings growth (from Yahoo! Finance):

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Amazon (AMZN) 15.16%
Tesla (TSLA) 14.40%
NVIDIA (NVDA) 13.90%
Apple (AAPL) 12.69%
Alphabet (GOOGL) 7.04%
Facebook (FB) 4.43%
Intuitive Surgical (ISRG) 4.12%
Microsoft (MSFT) 2.91%
Adobe Systems (ADBE) 2.66%
Nike (NKE) 2.27%
Salesforce.com (CRM) 2.16%
Visa (V) 1.84%
UnitedHealth Group (UNH) 1.69%
Intel (INTC) 1.67%
Waste Management (WM) 1.45%
BlackRock (BLK) 1.37%
Booking Holdings (BKNG) 1.33%
Chubb Limited (CB) 1.31%
Costco Wholesale (COST) 1.26%
Starbucks (SBUX) 1.21%
Autodesk (ADSK) 0.87%
Comcast (CMCSA) 0.57%
Activision Blizzard (ATVI) 0.53%
American Water Works (AWK) 0.50%
Norfolk Southern (NSC) 0.49%
CSX (CSX) 0.48%
Union Pacific (UNP) 0.43%
Canadian National Railway (CNI) 0.43%
Aqua America (WTR) 0.42%
Kansas City Southern (KSU) 0.35%

Stocks Of The Month: AAPL, NVDA

You may have noticed that there was no "Stocks Of The Month" post for the month of February.

Here's what happened:

• bought more of my top 4 holdings: Tesla (TSLA), Amazon (AMZN), NVIDIA (NVDA), and Apple (AAPL)
• the market went down, up, and mostly sideways

Now that you're caught up, I'd like to share that I've once again (inevitably) changed my allocation targets.

Before, my goals were specific; e.g.
Tesla 22%
NVIDIA 18%
Amazon 14%
Apple 10%
Google 7%
Facebook 5%
Microsoft 3%
...

I've realized that ranking stocks so precisely is far too restrictive (will I always like Tesla exactly 22.2% more than NVIDIA?), and therefore performance of individual stocks should have a determination in how much I own of each.

So now, I've arrived at goals that allow for some "float" within subgroups; e.g.
Tesla 16%
Amazon 16%
NVIDIA 16%
Apple 16%
Google 5%
Facebook 5%
Microsoft 5%
...

And, if Apple ends up at 22% and Amazon at 10%, I don't really care as long as my top 4 stocks comprise 64% of my total porfolio value.

With all of that resolved, March's Stocks Of The Month are Apple (AAPL) and NVIDIA (NVDA).

Note that 1) I have a lot of stocks which are below their target allocation; and 2) I'm deliberately attempting to stuff ten pounds of awesome into a five pound bag - this allocation "problem" is never going to be solved, only managed (on a month-to-month basis, it turns out).

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 15.05%
Amazon (AMZN) 13.94%
NVIDIA (NVDA) 12.40%
Apple (AAPL) 12.05%
Alphabet (GOOGL) 7.28%
Facebook (FB) 4.97%
Intuitive Surgical (ISRG) 3.88%
Microsoft (MSFT) 2.95%
Adobe Systems (ADBE) 2.60%
Nike (NKE) 2.25%
Salesforce.com (CRM) 2.20%
Intel (INTC) 1.95%
Visa (V) 1.87%
BlackRock (BLK) 1.80%
UnitedHealth Group (UNH) 1.74%
Waste Management (WM) 1.63%
Booking Holdings (BKNG) 1.58%
Starbucks (SBUX) 1.56%
Chubb Limited (CB) 1.55%
Costco Wholesale (COST) 1.27%
Autodesk (ADSK) 0.90%
Comcast (CMCSA) 0.70%
Activision Blizzard (ATVI) 0.65%
American Water Works (AWK) 0.53%
Norfolk Southern (NSC) 0.47%
CSX (CSX) 0.44%
Aqua America (WTR) 0.44%
Union Pacific (UNP) 0.43%
Canadian National Railway (CNI) 0.43%
Kansas City Southern (KSU) 0.38%

Stocks Of The Month: AMZN, NVDA, TSLA

This month I bought more of Telsa (TSLA) and NVIDIA (NVDA), and will be doing so for the foreseeable future.  Additionally, I bought more of Amazon (AMZN) after their "disappointing" quarterly results.  I'll be mixing in some of Alphabet (GOOGL), Facebook (FB), and Microsoft (MSFT) in future months as well.

Here's my current portfolio (buy, hold, and sell). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 16.77%
Apple (AAPL) 11.76%
Amazon (AMZN) 10.70%
Alphabet (GOOGL) 8.03%
NVIDIA (NVDA) 7.11%
3D Systems (DDD) 6.49%
Facebook (FB) 6.04%
Stratasys (SSYS) 4.77%
Intuitive Surgical (ISRG) 3.68%
Nike (NKE) 2.61%
Adobe Systems (ADBE) 2.33%
Chubb Limited (CB) 2.12%
Salesforce.com (CRM) 2.08%
Microsoft (MSFT) 1.94%
Starbucks (SBUX) 1.94%
Costco Wholesale (COST) 1.35%
BlackRock (BLK) 1.12%
UnitedHealth Group (UNH) 1.09%
Autodesk (ADSK) 1.06%
Comcast (CMCSA) 0.97%
Intel (INTC) 0.86%
Activision Blizzard (ATVI) 0.71%
American Water Works (AWK) 0.69%
ExOne (XONE) 0.65%
Canadian National Railway (CNI) 0.58%
Aqua America (WTR) 0.57%
Waste Management (WM) 0.57%
CSX (CSX) 0.50%
Union Pacific (UNP) 0.44%
ULTA Salon, Cosmetics & Fragrance (ULTA) 0.41%

Stock Of The Month: SSYS

All of the 3D printing stocks that I own - 3D Systems (DDD), Stratasys (SSYS), and ExOne (XONE) - recently reported earnings. In a surprising development, the market reacted...not terribly.

It appears that the industry is turning the corner (famous last words). It's been a long time coming. Over the past 3 years, I've repeatedly (and somewhat stubbornly) added to a losing position - 11 times for DDD and 8 times for SSYS - because I believed in the technology, even as the stocks struggled. I came *this* close to giving up and selling it all. Instead, in a testament to the miracle that is dollar cost averaging, DDD is back in black and SSYS is mostly out of deep red.

This month's purchase is Stratasys, as I'd like to own DDD and SSYS in proportion to their respective market caps going forward; even after this month I'm a little shy on SSYS, so I will have to revisit.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Tesla (TSLA) 15.42%
Apple (AAPL) 11.47%
Amazon (AMZN) 10.49%
3D Systems (DDD) 9.89%
Alphabet (GOOGL) 8.46%
Stratasys (SSYS) 5.58%
Facebook (FB) 5.43%
NVIDIA (NVDA) 5.08%
Intuitive Surgical (ISRG) 3.58%
Nike (NKE) 2.27%
Adobe Systems (ADBE) 2.23%
Starbucks (SBUX) 2.21%
Salesforce.com (CRM) 2.07%
Chubb Limited (CB) 2.02%
Microsoft (MSFT) 1.92%
Costco Wholesale (COST) 1.53%
Autodesk (ADSK) 1.08%
BlackRock (BLK) 1.07%
Comcast (CMCSA) 1.00%
UnitedHealth Group (UNH) 0.99%
Intel (INTC) 0.85%
ExOne (XONE) 0.83%
American Water Works (AWK) 0.66%
Activision Blizzard (ATVI) 0.66%
Canadian National Railway (CNI) 0.56%
Aqua America (WTR) 0.56%
Waste Management (WM) 0.55%
CSX (CSX) 0.54%
ULTA Salon, Cosmetics & Fragrance (ULTA) 0.51%
Union Pacific (UNP) 0.46%

Stocks Of The Month: AMZN, CMCSA, FB, GOOGL, TSLA

"The Greater 28"

Every year, I hope against hope that I will not be selling any stocks in the upcoming year. The stock for which I wrote this just last month - "A terrible year for athletic companies" - can now be amended with "down another 29%". Under Armour (UAA) has declining revenue growth, declining earnings, more debt than cash, no dividend,...and is no longer owned in my portfolio.

The proceeds from this sale went to my four horsemen of tech; Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), and Tesla (TSLA).

A new addition to the portfolio is one I never would have imagined owning, the #1 most hated company in America: Comcast (CMCSA). They have outperformed the market across every time horizon:

Comcast is also growing $80B in revenue at 9%, earnings at 16%, has massive operating and free cash flows of $19B and $8B respectively, and has a 0.8% dividend that has increased payouts for 9 years.

Here's my current portfolio (buy and hold). As always, I believe in all of these stocks - until I sell them.

Apple (AAPL) 12.49%
Tesla (TSLA) 11.95%
3D Systems (DDD) 10.41%
Amazon (AMZN) 9.55%
Alphabet (GOOGL) 8.97%
Facebook (FB) 6.01%
Twitter (TWTR) 4.74%
Stratasys (SSYS) 3.91%
Intuitive Surgical (ISRG) 3.55%
Nike (NKE) 2.91%
Starbucks (SBUX) 2.46%
Chubb Limited (CB) 2.38%
Salesforce.com (CRM) 2.36%
Adobe Systems (ADBE) 2.33%
Microsoft (MSFT) 2.20%
NVIDIA (NVDA) 2.02%
Costco Wholesale (COST) 1.84%
BlackRock (BLK) 1.27%
Comcast (CMCSA) 1.17%
UnitedHealth Group (UNH) 1.16%
Intel (INTC) 1.11%
Autodesk (ADSK) 1.07%
American Water Works (AWK) 0.79%
ExOne (XONE) 0.79%
Waste Management (WM) 0.67%
Aqua America (WTR) 0.66%
Canadian National Railway (CNI) 0.64%
ULTA Salon, Cosmetics & Fragrance (ULTA) 0.57%

Stocks Of The Month: DDD, TWTR, XONE

We're down to 27* stocks owned!

*about 3(?) less(?!) than where I think I will end up? 30 seems like the right number...

Sold are two industrial titans of gluttony: McDonald's (MCD) and Coca-Cola (KO). Although they both pay greater than 3% dividends, they also both have negative revenue growth (-4% and -5% respectively) and some underperforming charts as well.

MCD - 5 YR

MCD - 6 MO

KO - 5 YR

KO - 6 MO

For the first time in 8 months, there is a new addition to the portfolio...sort of. ExOne (XONE) was first bought and sold in 2013-2014. I was wrong early; as I said then: "it would be quite arrogant, and very likely incorrect, if I were to act under the assumption that DDD (and/or SSYS) will the only winner(s) in the red-hot 3D printing industry."

I also added to my positions in 3D Systems (DDD) and Twitter (TWTR); rewarding the former for further rising from the abyss of earlier this year, and the latter for what is now a certain buyout offer by one of Disney, Google, Microsoft, or Salesforce.

Here's my current portfolio (buy, hold, and sell). As always, I believe in all of these stocks - until I sell them.

3D Systems (DDD) 11.78%
Apple (AAPL) 11.61%
Tesla Motors (TSLA) 9.07%
Amazon (AMZN) 8.94%
Alphabet (GOOGL) 7.89%
Twitter (TWTR) 6.72%
Facebook (FB) 5.27%
Stratasys (SSYS) 4.94%
Under Armour (UAA) 4.20%
Intuitive Surgical (ISRG) 3.84%
Nike (NKE) 3.07%
Starbucks (SBUX) 2.53%
Chubb Limited (CB) 2.36%
Adobe Systems (ADBE) 2.32%
Salesforce.com (CRM) 2.27%
Microsoft (MSFT) 2.10%
Costco Wholesale (COST) 1.75%
ExOne (XONE) 1.34%
BlackRock (BLK) 1.27%
Intel (INTC) 1.21%
Veolia Environnement (VEOEY) 0.99%
Autodesk (ADSK) 0.96%
American Water Works (AWK) 0.84%
Ansys (ANSS) 0.70%
Aqua America (WTR) 0.69%
Canadian National Railway (CNI) 0.65%
Waste Management (WM) 0.64%