Happy Monday (Australian time), QAV America.
And welcome to all of our new members.
Market This Week (S&P 500)
The S&P 500 dropped roughly 1.6% for the week ending July 17, closing at 7,457.69:
- The major benchmarks all finished lower for the week, with the S&P 500 off 1.6%, the Nasdaq sliding 2.9%, and the Dow falling 0.9%.
- A selloff in chipmakers drove the semiconductor sector into a bear market on worries that the AI spending spree is becoming harder to justify; it was the chip sector’s worst week since April 2025, with a key industry gauge sinking 20% from a record. A surprise breakthrough from Chinese AI startup Moonshot jolted the sector.
- IBM notched its worst day in history this week after the blue-chip company warned that clients have shifted away from spending on software.
- Netflix suffered double-digit losses after earnings disappointed, with its Q3 guidance coming in below consensus on both earnings and revenue.
- Oil prices spiked back above $80 a barrel as the resumption of hostilities between the US and Iran called into question the path for inflation, even after encouraging data on that front during the week.
All the best,
Cameron
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PORTFOLIO UPDATE
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SELLS
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Register for your 14-day free QAV Club trial here.
If you're already a QAV Club member and seeing this message, please login via the top menu.
If you're a QAV Light member who wants to upgrade to QAV Club, go to your Account page (see Footer) and upgrade from there.
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BUYS
This section is for QAV Club Members only.
Register for your 14-day free QAV Club trial here.
If you're already a QAV Club member and seeing this message, please login via the top menu.
If you're a QAV Light member who wants to upgrade to QAV Club, go to your Account page (see Footer) and upgrade from there.
And here’s my TikTok of the week.
@qavinvesting As a value investor, I like boring. Boring is beautiful. Forget AI, Forget crypto. Give me a boring company that's solid and making money and is going to be making money for a long time. This week we added a stock to our American portfolio. It's called Northrim BanCorp (NRIM), basically the bank of Alaska. NRIM valueinvesting investing northrim alaska
♬ original sound - QAV Investing - QAV Investing
** Please remember to review our Buying Guidelines to understand which cap bands you should be looking at and other important considerations.
DISCLOSURE
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.
- We send you an email every Monday advising which stocks we are adding to our Light portfolio.
- 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.
- 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.
- 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).
- If you come across any QAV terminology that you don’t understand (eg Rule 1, 3PTL, Possibles, etc), please review our terminology guide or just email us for clarification.
That’s it for today!
If we decide to buy or sell something, we’ll let you know.
Got a question?
cameron@qavamerica.com
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