Scoreboard Update 4/2/2025
A Choppy March Brings Spring Trade Wars
This has been a very choppy month. Stocks are down into correction territory, and some of our recent adds are, on paper, doing quite poorly. Luckily, there is a lot of runway for those to turn around. More disappointing are some stocks taking a beating that are older positions. PayPal is now in loss territory after having been a big winner. In general, most of our positions have come down. Hershey is also looking not so great. Hopefully, this is something that will be short-lived, but with today’s impending trade war, there is a chance it could get far worse.
The Board
The good news is that with the choppiness comes opportunity. Should stocks continue lower, better entry points will emerge. Right now, tech in general has gotten much cheaper—and so has American Express. I wrote about it being priced for higher risk and lower reward a few months ago, but with some declines in the underlying stock, it may turn out to be decent. Tech will be the main target if things trend further down this month.
The past few months have been quite busy and kept me from writing much. That may or may not change, but I do have good intentions to do more. Nothing motivates me more than good buying opportunities, and we may see more of them soon. Hope you all have a good April and a Happy Easter.
S. Andrew