Adding a New Stock Today

"Approximately 10.3 million people aged 12 or older misused opioids in 2018. 47,600 people a year die from opioid overdoses, that's 130 people a day" ​​The Portfolio The portfolio is UP +14.33% YTD. Our benchmark index, the S&P 500 is down -4.84% YTD. Adding Heron Therapeutics Today I'm adding a new position, buying 100 shares of Heron Therapeutics (HRTX) at $14.25. Analysts have price targets from $19 to $70. My 12-month price target is $40. I also bought 3 shares of Northrup Grumman (NOC) at $306 to continue building our current position. Heron Therapeutics, Inc., is a biotechnology company that engages in developing treatments to address unmet medical needs. The company's product candi

What's Up With Enphase?

"The sun delivers more power to the Earth in one hour than all of humanity uses in one year" ​​The Portfolio The portfolio is UP +16.46% YTD. Our benchmark index, the S&P 500 is down -4.11% YTD. What's happening at Enphase On June 17th the stock of Enphase was getting sold off hard by investors who caught wind of a short sellers letter in which the author, Eiad Asbahi, Founder and Portfolio Manager of Prescience Point Capital, made numerous negative claims about Enphase. I don't mind short-sellers, they bring price discovery to stocks. In fact without short-sellers a stock will just run up to absurd levels unchecked; think back to Bitcoin before derivative markets were available. What I d

I'll Buy Enphase!

"Know what you own, and know why you own it." -Peter Lynch ​​The Portfolio The portfolio is UP +18.00% YTD. Our benchmark index, the S&P 500 is down -3.21% YTD. Enphase (ENPH) Getting Crushed The stock of Enphase is getting sold off hard today and may present an opportunity for our portfolio. The reason for the sell-off is multi-facetted so you have to connect some dots with this one. "Outside of a dog a book is a man's best friend, inside of a dog it's too dark to read" -Groucho Marks Why All The Selling? 1) Enphase insiders (management and directors) had planned selling. 2) One director sold a substantial number of shares, but still holds more than 1M shares. 3) End of quarter rebalancing

Fox Factory +70.58% Rally

"Know what you own, and know why you own it." -Peter Lynch ​​The Portfolio The portfolio is UP +17.50% YTD. Our benchmark index, the S&P 500 is down -1.14% YTD. Fox Factory Continues to Rally Fox Factory is one of the companies I love, mainly because I know and enjoy their products. But looking deeper we find a company with excellent operational skills and a line of products that are direct beneficiaries of the COVID-19 pandemic. Sadly I had to trim some shares this year because we owned too much and we needed to raise cash. "One of the direct beneficiaries of the pandemic is a vehicle suspension company" -Clay Baker Over the past month Fox Factory stock has rallied +70.58%. Today we saw

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This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.
This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

© 2016 by Clay Baker all rights reserved