My Weekly Stock pick for week 13 of 2022 (Mar 25 - Apr 1)
Dear subscribers,
Welcome to My Weekly Stock pick #13 of 2022.
Summary
My Weekly Stock is our stock-picking strategy delivering 400% cumulative returns since 2019 and 35% so far in 2022.
Last week, our stock selection was up 3.5%.
Our stock pick for week 13 of 2022 is TRV (Travelers Companies).
Introduction
My Weekly Stock is based on a Momentum strategy, validated through our proprietary algorithm and years of research and back-testing.
From there, we developed a simple trading principle: 1 mega-cap stock pick per week to hold for no more than 5 days.
Learn more about our trading strategy here.
Performance
We measure weekly performance based on an entry at the Monday open and an exit at the Friday close. Cumulative and yearly performance assumes weekly results are compounded.
Our approach generates sizeable returns in absolute and relative to the SP500. Our weekly stock picks delivered a cumulative return of 400%, 5x the performance of the SP500 since 2019.
Last week, our stock pick (TRV) was up 3.5%, which adds up to a +35% performance so far in 2022.
Access here our performance tracking
Market Outlook
The equity markets have risen for a second consecutive week, with the SP500 finishing with a 1.8% gain. Interestingly, it was an “all-up” week as Gold, Oil, yield, and Bitcoin closed the week positive. Oil prices climbed back above the $110 mark, and consequently, the energy sector delivered another stellar weekly performance.
Few earnings reports next week as this earning season is approaching its end. The main reports will be Micron, Walgreens, and Lululemon. The week will be heavy on the economic data front with the March jobs report and personal consumption expenditures (PCE) data. Both reports may influence the FED's future actions, especially after the FED chairman hinted at more hawkish actions if required.
Beyond earnings and economic reports, the investors will monitor the performance of oil and interest rates after their substantial increase last week. At the same time, news from Ukraine might bring back some volatility short term.
This Week’s Selection
Our stock pick for week 13 of 2022 is TRV (Travelers Companies).
TRV made new highs last week and is trading above its 20 and 50-day moving averages. Since January, the stock has been on an uptrend despite the challenging market conditions and volatility.
Our confidence level is HIGH.
The confidence level is a qualitative assessment of the market conditions based on our own experience trading these stock picks. It can be a valuable tool to size your position and leverage.
Have a great trading week!
My Weekly Stock
Disclaimer
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Disclosure
We wrote this article ourselves, and it expresses our own opinions. We have no business relationship with any company mentioned in this article.
We do not hold any position in the stocks mentioned above, but we may initiate one in the next 48 hours.