The core of my portfolio — tech shares — cratered today. Down 2.7%.
I’m not sure I understand exactly why. I have some theories. In recovering from their March 2020 bottoms, they’ve simply reached some sort of natural plateau — for now. I’m guessing tech will be back in fashion and will resume its climb. Growth continues strong in tech. There’s nowhere else you’ll find it as strong.
Here are a few five year charts showing the “pause” I’m talking about.
Today Nasdaq is down. But Dow is up. I own some Dow stocks — DIS, GE, HD, NKE, PG, JPM, UNH, and WMT. Few of the others appeal. I’m mulling.
I don’t think we’re in The BIG rotation. We’re pausing.
The BIG news is air travel is bouncing back. I put this chart together, using numbers from TSA.gov. I did my own calculations in Excel. Pretty impressive for an old guy who was never an Excel aficionado. (Send compliments by email.)
I own LUV (Southwest Airline) and JETS (an ETF of airlines). They’re up a little, but should be doing better based on the incredible resurgence of air travel.
Synopsys software powers AI (chips and software)
Synopsys is an amazing company. The New York Times Saturday had a very positive piece on them — NO Shortage of New Ideas or Buzz for Semiconductors. Click here. With the heavy press, you’d think they’d be up today big-time. But, no, they fell 3.9%.
Read the article. Check their earnings out. They have earnings and they’re growing. They’re in the right place at the right time. It’s an impressive story.
+ Ask Google for anything. Ask YouTube for anything. It’s amazing how you’ll find help with Excel to changing the ailing battery on your laptop.
+ LED bulbs will save you over 85% on electricity. But you must buy bulbs of 3000K or less. Anything higher, e.g. 5000K, will be bright white and painful.
+ Apple’s iPhone has features I really like:
— WiFi calling. Much better than cell calling. Real phone calls, like the old days.
— Personal hotspot. Gives your laptop WiFi in remote places, like in your car.
— Deposit checks instantly by taking pictures of them.
— Photostream and FaceTime for the kids.
— The iPhone 12 Pro Max’s camera. It’s stunning — better than all other iPhone models. I no longer need a scanner.
— Speech recognition. If my iPhone can understand my “earthy” Australian accent, it can understand yours.
How to connect to your home or office WiFi
+ There are two ways to connect to your WiFi — 2.4 GHz or 5 GHz. The 2.4 GHz is slow, but goes farther. 5 GHz is faster, but doesn’t go as far. Here’s a test. I’m about 20 foot from the Netgear wireless router. the first is connecting at 5 GHz. The second at 2.4 GHz. Huge difference.
Today’s challenge
I’ve updated our portfolio. I won one set of tennis today. Which is better than a slap in the belly with a cold fish.
The grandchildren are now officially bored with Zoom. So am I. Look at this miserable chart:
I sold ZM a long time ago. Ditto for Peloton, which is equally miserable.
Too hot. Too fast. Like Doggycoin… You see Elon on SNL? Dogecoin is down 20% in the past 24 hours, despite SNL. Here’s the chart.
See you soon. — Harry Newton
