COVID-19 UPDATE: Granny shot re-balance. Add 5, delete 6 stocks. YTD relative = +2,470bp. US sees the first case of re-infection of total 7.7 million cases

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STRATEGY: Granny Shots re-balance.  +5 stocks.  -6 delete. 23 stocks in total. YTD outperformance +2,470bp
We are re-balancing our "Granny Shots" portfolio for 3Q2020.  This rebalance is adding 5 stocks and deleting 6 names, leading to a net decline -1.  There are now 23 stocks in the Granny Shots portfolio.

- In case you are wondering why we call this Granny Shots, it is named after NBA legend Rick Barry and refers to his unorthodox "free throw" method
- He had one of the highest free throw percentages, and our Granny Shots picks the stocks from 6 portfolios -- getting the "best of the best"
- So this is why we call this our "Granny Shots"

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The re-balance for 3Q2020 is summarized below.  We calculate the quarterly return for Granny Shots as if the portfolio was "equal weighted" at the start of the quarter.  But as tireless Ken has calculated, if we let "winners ride," the 2,470bp YTD outperformance of Granny would be even greater.

- Additions: KLAC, OMC, GWW, INTC, QCOM
- Deletions: BKNG, EMR, HPQ, BWA, CF, PG

Take a look at Point #3 for a fuller discussion.

The video in this report is only accessible to members
We continue to view our Granny Shots as a way to construct a core portfolio. These are stocks which fall within our 3 t...

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