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November market wrap: Jaaims continues to perform

The Jaaims Model portfolio gained 2.026% in November, taking the portfolio’s calendar year 2020 performance to 9.653%.

Following the volatility that engulfed markets in the lead-up and aftermath of the US Presidential Election, global equity markets rebounded strongly in November.

US benchmarks broke fresh all-time highs in November, with the Dow Jones Industrial Average hitting the 30,000 point mark for the first time in its history. Australian equity markets have also performed strongly over the last month, though continue to trail their US counterparts in 2020.

In step with that, Jaaims notched up another month of positive returns, returning 2.026% in November. In CY2020 the Jaaims Model Portfolio is up an impressive 9.653%

Below we look at two of Jaaims’ top performing trades from November and the potential catalysts behind their performance.

Pilbara Minerals share price: +50.93%

Lithium and tantalum producer Pilbara Minerals has seen its share price surge since the end of October, following the release of the company’s September quarterly activities report which revealed a significant uptick in spodumene production and shipments.

As part of the September report, Pilbara recorded spodumene concentrate production of 62,404 dry metric tonnes, spodumene concentrate shipments of 43,630 dry metric tonnes, while also highlighting lower overall operational costs. Tantalite concentrate sales came in at 25,222 during the quarter.

Looking towards FY21, the miner said it would 'Continue to align production with customer demand with the aim of securing sales to achieve annual production of ~330,000 dmt 6% spodumene concentrate.'

Align Technology share price: +42.99%

The orthodontics manufacturer continued to trade positively in November, following the release of impressive quarterly (Q3) results in October. As part of its Q3, Align reported total revenues of $734.1 million (+20.9%), with 84% of those revenues derived from the company's increasingly popular Clear Aligner product. Clear Aligner volumes rose 28.7% during the quarter, while gross margins hit an impressive 74.7%.

Enthusiasm continues to build around Align Technology, with management, as part of a recent investor day, stressing the significant ‘global market opportunity’ that lays ahead for the company and its products, while also noting that Align’s strategic priority is to drive ‘5-year revenue CAGR of more than 20%’.

Rounding out Jaaims’ top 10 trades from November, we saw: Galaxy Resources catapult 35%, General Motors soar 32%, NRW Holdings surge 29%, Ardent Leisure gain 28%, Freeport-McMoRan rise 27%, New Century Resources appreciate 26%, Cimarex Energy move up 26% and Aptiv add 23%.



References


Model Portfolio: The Jaaims model portfolio is our default portfolio of 20 equities we use to monitor the performance of Jaaims. These equities were Jaaims' top picks at inception. You can add this portfolio and then modify the portfolio at any time once added to your portfolio.

*Markets Index Average: The average of the US S&P 500, DAX FTSE100 and ASX200 as detailed above.

Standard subscription: As each customer can build their own trading portfolio at Jaaims we have used build a model portfolio to illustrate a year to date result to showcase the returns over the illustrated period. Currently our Standard subscription is on special at $99 per month for six months - a saving of $300!

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