Light Trades 2023-03-17

More tur­bu­lence in glob­al mar­kets in the last 24 hours and we have a few stocks to sell today, most­ly as a result of falling com­mod­i­ty prices.

SELLS

1. NHC

Ther­mal coal is a sell so we will sell off any stocks involved in ther­mal coal. Luck­i­ly, the only one we hold is NHC.

2. S32

Alu­mini­um is a also a sell, so we’re sell­ing ourhold­ing in S32, as 50% of its rev­enues come from alu­mini­um, and anoth­er 20% of its rev­enue comes from man­ganese, which is a josephine. So 70% of its rev­enue comes from com­modi­ties that are either a sell or declin­ing.

3. GNC

GNC has fall­en more than 10% below our buy price and is a Rule #1 sell. Wheat, its under­ly­ing com­mod­i­ty, is also a Josephine, so it isn’t sur­pris­ing. 

BUYS

CURRENT HOLDINGS

** Please remem­ber to review our Buy­ing Guide­lines to under­stand which cap bands you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. 

DISCLOSURE 

In the inter­est of full dis­clo­sure, we would like to advise that, as of the date of this email, the QAV team cur­rent­ly hold these stocks in their per­son­al port­fo­lios:

BSL CGF FHE GRR HLI IGL JHG MQG NHC NWH OML QAN QBE RMS RRL SGM SMR WAM

Please note that our per­son­al hold­ings might not include the stocks we rec­om­mend in QAV Light. This is because we already have full port­fo­lios (15–20 stocks) and can only add new stocks if we have to sell some­thing. 
If you’re inter­est­ed in learn­ing more, please review our trad­ing and dis­clo­sure pol­i­cy.

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works. 

1. We send you an email every Mon­day advis­ing which stocks we are adding to our Light port­fo­lio.
2. You can copy our trades, but please remem­ber to review our Trad­ing Guide­lines to under­stand which cap you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. And con­sult a finan­cial plan­ner before mak­ing any deci­sions.
3. We don’t rec­om­mend that you add stocks which are already in our port­fo­lio. Their posi­tion on our buy list might have changed since we rec­om­mend­ed them. Just start with the stocks rec­om­mend­ed after you become a mem­ber.
4. If one of the stocks we add breach­es one of our sell con­di­tions, we will sell it from our port­fo­lio and you’ll get an email advis­ing of the trade. Again, you can copy our trades, but seek finan­cial advice before mak­ing any deci­sions. And please check your Rule #1 price (see Trad­ing Guide­lines).

That’s it for today! 

If we decide to buy or sell some­thing, we’ll let you know. 

Got a ques­tion? 
[email protected]