With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. We also added a former Club chipmaker to our Bullpen and upgraded a premium beer name to a buy rating. Finally, Friday’s market reversal helped us make good on a pledge to trim a once-downtrodden health-care stock. Here’s a day-by-day look at our portfolio moves in a choppy week of trading, undergirded by investor concerns over the state of the economy and rising bond yields. Monday Early into Monday’s session, we scooped up 200 shares of Coterra Energy (CTRA) – the first time in roughly two months that we added to our position in the oil-and-gas producer. With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio. And Coterra fit the bill because its stock price did not appropriately reflect the recent rally in natural gas, one which has only gained steam throughout the week. On Friday, natural gas futures jumped 5%, to trade at roughly $3.33 per million British thermal units, or MMBtu. Tuesday The market entered Tuesday’s session at its most oversold since March, so we once again looked for places to strategically deploy some of our cash. That led us to coffee giant Starbucks (SBUX), which has been dogged by investor concerns over the health of its business in China. At the same time, we also added Advanced Micro Devices (AMD) to the Bullpen , our repository of stocks under consideration to join the portfolio. Later in Tuesday’s session, as market declines mounted, we nibbled on Broadcom (AVGO) stock. China’s slower-than-expected post-Covid economic recovery has been a thorn in the side of many U.S. stocks, including Starbucks. After closing at $114.46 per share on May 1, the stock began to drift lower for months, closing at its lowest level of the year Tuesday, at $89.48 per share. But the reason we…
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