Building initial portfolio based on momentum. Marriot International seems like a strong long opportunity based on its recent positive short-term momentum.

Our investment strategy consists of buying the top 10 performing stocks of the Nasdaq 100 index, and short-selling the 10 worst-performing stocks of the same index. We chose the companies based on their performance in the last 3 months. Due to a holding period of only one month, we believe that a passive strategy is more appropriate than an active strategy. The weight of each company in our portfolio will be approximately equal, which increases diversification benefits of this portfolio. We will use almost all available debt in order to benefit from the additional expected returns from leverage.

As the pandemic has hindered the growth of the hotel industry, we believe it's currently undervalued in the market now that the pandemic seems to be facing its end. Marriot has been performing well during the pandemic and also has been outperforming their estimates recently.

Marriot investment

500 shares marriot