Quant Weekly – Up over 75% since June 2025
Quant 30 – Up over 74% since June 2025
Legacy – Up over 370% since April 2023
Education – Do Dow Jones Industrial Average Additions do better then the Deletions?

USA Stock market week ending 07/03/26

S&P 500 (SPY): ▲ 0.5% – Posted a modest gain during the holiday-shortened week.
Dow Jones Industrial Average (DIA): ▲ 1.2% – Led the major indexes with the strongest performance.
Nasdaq Composite (^IXIC): ► 0.0% – Finished the week essentially unchanged.
Russell 2000 (IWM): ▼ 0.5% – Small-cap stocks edged lower.
Invesco S&P 500 Momentum ETF (SPMO): ▼ 2.2% – Momentum stocks underperformed the broader market.

Market Drivers this Week (07/06/26 – 07/10/26)

Monday, 7/07

ISM Services PMI (10:00 AM ET) and S&P Global Services PMI.
Key test of whether the economy is slowing or remains resilient.

Tuesday, 7/08

U.S. Trade Balance (May).
Offers insight into trade trends, tariffs, and Q2 GDP expectations.

Wednesday, 7/09

FOMC Minutes (2:00 PM ET) — the week’s biggest event.
Investors will look for clues on the Fed’s July rate decision.
PepsiCo (PEP) reports earnings before the open.

Thursday, 7/10

Delta Air Lines (DAL) and Hyatt Hotels (H) report earnings.
Weekly Jobless Claims and Existing Home Sales are also released.

The CNN Fear and Greed Index ends the week at 32 in the Fear area. Last week, the Index was in the Extreme Fear area. Before that it was three weeks in a row in the Fear area. Caution is advised in adding new positions for short term gain in this Risk Off environment.

The Quant Model Portfolios all dropped in value this week as strong momentum stocks took it on the chin in this Risk Off environment. Momentum stocks lead the way up when Risk On is in control but lead the way down when Risk Off is in control. The Momentum ETF (SPMO) is a good gauge on how Momentum stocks are faring in general and it dropped 2.2% this past week.

Note: You are reading the free subscriber newsletter. Paid subscribers enjoy instant access to weekly Model Portfolio updates upon release and a Top Quant Stocks list. Free subscribers get access to Portfolio updates after a three-week delay but no Top Quant Stocks list. Want timely access to the new Adds/Removes and Top Quant Stocks list? Subscribe

Model Portfolio Quant Alpha Weekly

Any newly added stock is being released to Paid Subscribers today. Below are the updates from three weeks ago. This Portfolio continues to significantly outperform its benchmark, 75% versus 21%. It has 27 members.

Top five Quant stocks in the Portfolio (Paid subscribers only).

Add (06/12/26) : CRDO (Credo Technology) – Semiconductors

Outperformers: SSRM (SSR Mining) up over +90%, MU (Micron Technology) up over +520%, TTMI (TTM Technologies) up over +150%, CLS (Celestica) up over +60%

Model Portfolio Quant 30

This week’s new update, if any, is being released to the paid subscribers. Shown below is the update made three weeks ago. This Portfolio continues to beat its benchmark by a wide margin, 74% to 21%. It has 30 members in it.

NEM (Newmont) is being removed from the Portfolio. It was added on 8/21/25 and is going out +43%

Top five Quant stocks in the Portfolio (Paid subscribers only).

Add (06/12/26): FLEX (FLEX) Electronic Components

Remove (06/12/26): NEM (Newmont)

Outperformers: MU (Micron Technology) up over +690%, LITE (Lumentum Holdings) up over +200%, TTMI (TTM Technologies) up over +120%, BTSG (BrightSpring Health) up over +210% and SNDK (Sandisk) up over +180%

Model Portfolio Quant Alpha’s – Legacy

The portfolio is up over +370% since it began in 2023. It has 17 stocks in it. Powell industries is now a 12 bagger. Celestica is now a 13 bagger. Sterling Infrastructure has become a 10 bagger.

Top five Quant stocks in the Portfolio (Paid subscribers only).

Remove (06/12/26): None

Outperformers: AGX (Argan) up over +900%, STRL (Sterling Infrastructure) up over +1000%, POWL (Powell Industries) up over +1200% and CLS (Celestica) is up over +1300%

Performance to 07-03-2026

Top Quant Stocks for this week – (Paid subscribers only feature)

Top Semiconductor and Chip Manufacturers Stocks were last listed on April 17, 2026. Here are the results since then. Paid subscribers saw the list in a timely manner. Free subscribers did not see it at all.

4/17/26 thru 7/03/26
Top Semi and Chip Stocks = Average +55.2% over 14 selections
SOXX (iShares Semiconductor ETF) = +36.2%

Do Dow Jones Industrial Average Additions do better then the Deletions?

Dow Jones Industrial Average announced that Alphabet (GOOG) will be added on 6/29/26 and Verizon (VZ) will be removed. Below is a detailed reviewed of DOW changes the last eight years. It shows that the stocks removed do better than the stocks added.

Stocks Added

WBA – June 26, 2018
CRM – August 31, 2020
AMGN – August 31, 2020
HON – August 31, 2020
AMZN – February 26, 2024
NVDA – November 8, 2024
SHW – November 8, 2024

Stocks Removed

GE – June 26, 2018
XOM – August 31, 2020
PFE – August 31, 2020
RTX – August 31, 2020
WBA – February 26, 2024
INTC – November 8, 2024
DOW – November 8, 2024

The performance shows that stocks that are added to the Dow Industrial Average in the last eight years do not perform all that well. No MultiBaggers to offset the stocks that lose after being added.

The performance for the stocks removed to the Dow in last eight years have an excellent track record of outperformance. Four MultiBaggers were created and this is not counting the General Electric spinoffs.

Interesting Observation

Over the past decade, some of the best-performing stocks after removal have been General Electric (GE) and Exxon Mobil (XOM), while some of the best-performing additions have been NVIDIA (NVDA) and Amazon (AMZN). This is one reason why Dow additions and deletions should not be viewed as automatic winners or losers.

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All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. This post was written with the assistance of artificial intelligence. The original ideas and final review are human-generated. Disclaimer

S&P 500 little changed – Momentum stocks tumble – Update 07/06/26

USA Stock market week ending 07/03/26

Market Drivers this Week (07/06/26 – 07/10/26)

Monday, 7/07

Tuesday, 7/08

Wednesday, 7/09

Thursday, 7/10

The CNN Fear and Greed Index ends the week at 32 in the Fear area. Last week, the Index was in the Extreme Fear area. Before that it was three weeks in a row in the Fear area. Caution is advised in adding new positions for short term gain in this Risk Off environment.

Model Portfolio Quant Alpha Weekly

Any newly added stock is being released to Paid Subscribers today. Below are the updates from three weeks ago. This Portfolio continues to significantly outperform its benchmark, 75% versus 21%. It has 27 members.

Add (06/12/26) : CRDO (Credo Technology) – Semiconductors

Outperformers: SSRM (SSR Mining) up over +90%, MU (Micron Technology) up over +520%, TTMI (TTM Technologies) up over +150%, CLS (Celestica) up over +60%

Model Portfolio Quant 30

This week’s new update, if any, is being released to the paid subscribers. Shown below is the update made three weeks ago. This Portfolio continues to beat its benchmark by a wide margin, 74% to 21%. It has 30 members in it.

NEM (Newmont) is being removed from the Portfolio. It was added on 8/21/25 and is going out +43%

Add (06/12/26): FLEX (FLEX) Electronic Components

Remove (06/12/26): NEM (Newmont)

Outperformers: MU (Micron Technology) up over +690%, LITE (Lumentum Holdings) up over +200%, TTMI (TTM Technologies) up over +120%, BTSG (BrightSpring Health) up over +210% and SNDK (Sandisk) up over +180%

Model Portfolio Quant Alpha’s – Legacy

The portfolio is up over +370% since it began in 2023. It has 17 stocks in it. Powell industries is now a 12 bagger. Celestica is now a 13 bagger. Sterling Infrastructure has become a 10 bagger.

Remove (06/12/26): None

Outperformers: AGX (Argan) up over +900%, STRL (Sterling Infrastructure) up over +1000%, POWL (Powell Industries) up over +1200% and CLS (Celestica) is up over +1300%

Performance to 07-03-2026

Top Quant Stocks for this week – (Paid subscribers only feature)

Top Semiconductor and Chip Manufacturers Stocks were last listed on April 17, 2026. Here are the results since then. Paid subscribers saw the list in a timely manner. Free subscribers did not see it at all.

Do Dow Jones Industrial Average Additions do better then the Deletions?

Dow Jones Industrial Average announced that Alphabet (GOOG) will be added on 6/29/26 and Verizon (VZ) will be removed. Below is a detailed reviewed of DOW changes the last eight years. It shows that the stocks removed do better than the stocks added.

Stocks Added

Stocks Removed

The performance shows that stocks that are added to the Dow Industrial Average in the last eight years do not perform all that well. No MultiBaggers to offset the stocks that lose after being added.

The performance for the stocks removed to the Dow in last eight years have an excellent track record of outperformance. Four MultiBaggers were created and this is not counting the General Electric spinoffs.

Interesting Observation

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