Shesa's NOV/DEC 2021 Investment Blog

By Shesa Nayak

 

U.S. Stock Market Commentary   

This year is shaping out to be another great year for the investors. The S&P 500 jumped 6.9%, its best October performance since 2015. Both S&P 500 and NASDAQ have made new all-time high in November. DOW has been the only loser so far in November, down 0.88%.  The bull market is seen to be in full force. After several months of negotiations between democrats and republicans finally the $1.2 trillion infrastructure bill was passed in the House and signed by President Joe Biden on November 15. This was historic because there was never such a significant investment in infrastructure since 1951. With the enactment of this bill, we can expect the roads, bridges, airports, electrical grids, clean water and broadband gets better. Meanwhile, the other $1.7 – 1.9 trillion “Build Back Better” bill was passed by the House on Friday, 11/19 . This bill has the provisions for many social spending and humongous clean energy provisions. The law makers expect to get this bill passed in Senate by thanksgiving, but I am not very optimistic. The infrastructure bill signed by Joe Biden won’t put any money directly in the hands of the consumer, but I am still expecting a great holidays sale by the U.S retailers. In my view, it may far exceed last year’s holidays sale. Meanwhile, the Federal Reserve started tapering its quantitative easing program starting November with $15 billion ($10B less in Treasury, $5B less in Mortgage based security). I presume Fed will be more aggressive going forward visualizing the current rate of inflation. Finally, let’s not forget that we are in a seasonally strong time of the year. The stock market has historically performed remarkably well  during Nov, Dec, and January bringing handsome returns for investors, barring some exceptions. I will discuss more on all these but before that let’s take a quick look at the stock market indexes.

 

Indexes	1/4/21	Close FRI 10/8/21	Change in 2021	% Change in 2021	All Time High	% From All Time High
DOW	30,606.48	35,601.98	4,995.50	16.32	35,631.19	-0.08%
S&P 500	3,756.07	4,697.96	941.89	25.08	4,545.85	3.35%
NASDAQ	12,888.28	16,057.44	3,169.16	24.59	15,403.44	4.25%
BTK	5,741.55	5,246.56	-494.99	-8.62	6376.77	-17.72%
NBI	4,759.14	4,832.56	73.42	1.54	5517.77	-12.42%

 

S&P 500 Q3 Earnings

Earnings: Q3 earnings are almost over. So far, 95% of S&P 500 companies have reported results, 82% of those have reported positive earnings surprise and 75% companies reported positive revenue surprise. The earnings growth rate is 39.6% which is third highest year-over year earnings growth reported by the index since 2010. The revenue growth rate for Q3 stands at 17.8%

Valuation: The forward 12-month P/E ratio for the S&P 500 is 21.4 which is above the 5-year average of 18.4 and above the 10-year average of 16.5.

Source: Factset.com

 

Economy News

GDP: Economic grew at 2% in Q3 vs. 6.7% in Q2

U.S Coronavirus Cases: 47.7 million vs. 44.3 million during last blog, Death: 770K 

COVID Vaccination: 194.6 million vs. 187M or 59.1% of the U.S population have been fully vaccinated and 69.8% people have taken at least first dose 

Retail Sales: Retail sales were up 1.7% in OCT vs. 0.8% earlier 

Unemployment rate: Down to 4.6% vs 4.8%  earlier

US Total GDP/Economy: $20.937 trillion almost unchanged comparing to my last blog

Interest Rate: 0.25%

Inflation rate: 6.2% in OCT vs. 5.3% in Sept  

Consumer Confidence: 66.8% plunged to 10 years low

Business Confidence: 60.8% vs. 61.1% in Sept

U.S Crude Oil price hits $75.68 a barrel, fourth straight weeks of loss. It can be noted that oil had set seven years high of $85.41 on October 25, 2021.

Trade deficit: Expanded to $80.9 billion, a fresh record amid growing gaps with China and Mexico

Nonfarm payroll: Employment rose by 531,000 in October, and the unemployment came down

by 0.2% to 4.6% percent. High number of jobs were created in professional and business services, in manufacturing, and in transportation and warehousing.

 

Current Economy Scenario

Positives

COVID Stimulus in 2021: $1.9 trillion (Note: Last year $6.5T). 

Infrastructure Bill(s):  $1.2 trillion infrastructure bill was signed by President Biden on Monday, 11/15

Build Back Better Bill (Human Infrastructure): $1.7 - 1.9 trillion expected before EOY

GDP growth in 2021: Q3: 2%, (Q2 had: 6.7%), YOY: 4.9%

FED has kept Interest Rates low; QE is still in place; I don’t see interest rate hike until later part of 2022

Low Unemployment: Stands at 4.6%, 531K jobs created in OCT, 5.6 million jobs have been created after Joe Biden took office 

 

Negatives 

Tightening Fed: Fed tapering of $15B (Less $10B in Treasury, $5B in Mortgage based security)

Inflation: During the month of in October inflation rate was 6.2%, highest since 1990

Consumer Confidence crashed to 66.8  at 10 years low, also 4.4 million workers left their job

Labor Shortages in different segments viz. Construction, Restaurants, Retail, Leisure 

Corona Virus has not gone away and will not go away anytime soon

Market valuations have gone up significantly in some sectors and overall, for S&P 500 companies

 

A brief look at the Stock Market and whether it’s in Bubble

The S&P 500 jumped 6.9%, its best October performance since 2015. The index also finished out the month with new all-time highs. The bull market is in full force. And history shows the gains may continue. Whenever the stock prices fall, we see market bounces back in a few days with new high. In this month, DOW is down 0.88%, S&P 500 is up 1.79%, and Nasdaq is up 2.87%. The month of November and December are expected to be strong months for the stock market because we remain in a seasonally strong time of year. I presume that positive trend should continue at least till January barring some exceptions. The pension funds should jump in January resulting in higher trading volume and continued market momentum. Hence, I am expecting a strong finish to 2021 and a strong start to the New Year 2022. The stock market tends to do well during the last 3 months of the year and in January. Here is how it performs:

November:     +1.48%

December:     +1.11%

January:         +0.82%

Source: stockanalysis.com

 

The next question is whether the stock market is in bubble territory? Certainly, we could see valuations of stock market has gone up. The S&P 500 is trading at a P/E of 21.4 which is above the 5-year average of 18.4. So, with that notion yes the stock market is little overvalued. But let’s not forget that unprecedented tech innovations that we are seeing presently justifies higher company valuations. Every company is trying to invest in technology to better manage supply chain issues, sell more products/services, reduce operating expenses and win against the competition. Moreover, customers are willing to spend and that’s KEY. It’s happening because job market is getting better, income has gone up due to stimulus and higher pays, particularly in selected industries. The market is probably beginning to understand how profound some of these opportunities created by technology and its sustained rapid growth. So, market do notseem to be overvalued. We can’t put the old yardstick and try to major the new innovations. Having said that, we should be prepared for any eventualities because we never know when there will be a U turn. Having some cash on the sidelines always helps to take advantage of any correction.

 

How concerning is current Inflation?

The current inflation stands at 6.25%, highest since 1990. So, obviously it’s very concerning. But we must analyze, is that the government stimulus is fueling the inflation or what are the major parameters contributing to this cause. In my view, here are some of the key reasons:

COVID Impact started with worry of deflation has now turned inflationary, why?

• The stock market and economy got decimated last year due to COVID. In order to bring things under control and keep the economy moving, the government and Federal Reserve induced stimulus. 
• The demand started picking up as expected, Corporate Growth in last two quarters were phenomenal, so also Stock Market saw a V shape recoveries and continued momentum
• Supply Chain got terribly constrained due to COVID because of reduced production, increased demand significantly impacting supply chain logistic; transportation of goods became a huge bottleneck, goods got stuck in transit at ports, airports, lack of resources to drive the trucks and so on..
• All these created a situation of Low supply => High Demand. So, should we increase the supply or recue the demand? Obviously,  the plan should be to increase supply, not reduce demand
• Oil and Gas prices have added significantly to the inflation as World is going against fossil fuel and emphasizing on renewable energy. Always such bottlenecks are being encountered during transition period. The good news is that the oil prices have started coming down for last 4 weeks or so. These should ease some inflation pressure.
• Lack of resources at jobs further aggravated the situation, high cost of hiring in various segments of the industry viz. retails, hotels, leisure, hospitals, construction etc.

 

My View

• Inflation is certainly concerning but it should get better after holiday period, possibly early/mid next year as the demand may subsidize, supply chain issues would get better, holidays travels would come down
• Fed tapering could increase further and potentially hike interest rate around summer 2022
• More and more companies look to automate labor and supply chains leading to even lower costs, even higher profit margins, and even bigger profits
• Interest Rate is still exceptionally low
• Let’s NOT panic, whenever an economy recovery happens, or economy grows there will be some inflation. China PPI: 13.5%, CPI: 1.5% (doubled), India: 7.5%.
• Let’s focus on the big picture. See the forest through the trees unless. But we should not get into stagflation where we see high inflation, high unemployment and stagnant demand. That would be dangerous. Employment scenario should get better as congress has already passed infrastructure bill.

 

My View for remainder of the year - 2021

I do not have any magic stick, but I have been following the economy and deeply involved in the stock market for over 20 years. So, I will share my personal thoughts:

 

• Inflation may continue to ride because people will spend more during holiday season though reduction in oil price would help to ease some inflation
• We may see strong consumer spending and great Retail Sales during this holiday season
• Infrastructure bill will push the market, we may see solid growth in the area of green energy
• Chip shortage could continue, but supply chain issue may get better in a few weeks because of large infrastructure bills provision
• Job market would remain very tight for the service industry
• Fed may increase its tapering amount from $15B to $20 - $30B
• There may be little bumps here and there, but I still see the stock market may have a strong ending for 2021
• January and later part of 2022 would depend on passage of Build Back Better bill and infrastructure spending
• Santa Claus Rally could occur during the period of time spanning the last five trading days of the old year and the first two trading days of the new year.

 

I will share my view about 2022 when I publish my next blog early January.

 

Retail Sales

The retail sales numbers for last 3 months have been ticking up. In the month of October, it was up by 1.7%. That’s good news. I further expect that retail sales for the month of November would be much stronger. I hope that people are not buying ahead of time thinking that price would go further up because of supply chain constraints. Barring that, I believe we should have a strong holiday sale. As I have mentioned before, consumer spending account 70% of the GDP. Hence, as long as consumers keep spending it’s good for the economy. Once they stop spending that’s dangerous for the economy. Let’s not forget that employment have been going up as more people are returning to work. If people have a job, they tend spend. If they don’t have a job then consumer confidence goes down so also spending.  But under the current scenario, even though consumer sentiment is at its lowest level in 10 years, consumers are still spending! That’s a great sign.

 

Infrastructure Bill, what’s happening?

Finally, the hard fought $1.2 trillion infrastructure bill was passed in the house and President Joe Biden signed into law Monday, 11/14. This is historic since there was never so much of money infused to American infrastructure since 1951. This bill will help construct/repair roads, bridges, ports and more is going to make life “change for the better” for the American people. Here is a quick view about allocation of funds in this bill:

Infrastructure Bill	$ Billion
Transportation
Roads & Bridges	110
Passenger & Freight Rail	66
Public Transit	39
Airports	25
Ports	17
Road Safety	11
Electric Vehicle Chargers	7.5
Clean Energy Buses & Ferries	7.5
Reconnecting Communities	1
Utilities
High Speed Internet	65
Power Infrastructure	65
Clean Drinking Water	55
Climate change Protection	50
Environment & Pollution	21

 

In addition to above table, the $1.2 trillion bill also includes about $650 billion in previously authorized funding for roads and other infrastructure, including nearly $300 billion for the Highway Trust Fund and $90 billion for public transit over the next five years.

 

Those who live here in California, here is how the state will be benefited: 

$25.3 billion over five years for repairing roads in the state that are in poor condition

$4.2 billion over five years for repairing bridges in the state that are in poor condition

$3.5 billion for water infrastructure and eliminating lead pipes in the state

$1.5 billion for airport infrastructure

$384 million over five years to build a network of chargers for electric vehicles

At least $100 million to install more broadband coverage

$84 million over five years for wildfire protection

$40 million over five years for cyber-attack protection

An unnamed sum from a $3.5 billion federal fund for “weatherization which will reduce energy costs for families”

 

The next important bill which is related to general public is known as “Build Back Better” which has huge investment towards renewable energy. The Housed passed this bill last Friday, 11/19. Though, democrats would like to pass it at the earliest, but they would have top time in the Senate because of their own couple of moderate democrats who are hard to align. It could ultimately pass the senate possibly by Christmas but difficult to say when and how much would be approved is to be seen. Here are the provisions for build back better bill:

 

Build Back Better Bill ($2 TRILLION)	$ Billion
Climate Change & Clean Energy provisions	555
Free Pre-Kindergarten	400
Extended Child Tax Credit - one more year (75K individual, 150K married)	200
4 weeks of paid leave	200
Expand affordable home care (Medicaid supporting Home Care)	150
Affordable Housing for lower income/homeless, Community violence etc.	150
Affordable Care Credit	165
Immigration	100
Medicare	35
Others

 

How Democrats plan to pay for Build Back Better Plan?

Here are the proposals:

• 15% minimum Tax will be imposed on corporate profits that large corporations report to shareholders, as well as a 1% surcharge on corporate stock buybacks. These provisions are expected to raise $450 billion in new revenue.
• Global minimum Tax and new surtax on the wealthiest Americans' income, 
• Plan to bolster IRS enforcement for chasing tax cheats which is expected to bring additional $400 billion over the next ten years
• The bill would impose a 5% tax rate above those with an income over $10 million and 3% surtax on income over $25 million. This is expected to raise an additional $230 billion from the nation's highest earning taxpayers.
• Also, there is a plan to increase the cap for State and Local Tax deduction (SALT) up to $80,000 till 2031. Please note that, this tax was reduced to $10,000 by Donald Trump in 2017. If it happens, it would be a great relief for the homeowners in the states like California, New York, New Jersey, Connecticut etc.

 

Revenue & Profit growth for 2021, Forecast for 20202

Quarter	Earnings Growth %	Revenue Growth %
Q1	52.5	10.9
Q2	90.9	19.7
Q3	39.6	17.8
Q4 (projected)	22.4	11.9
FY21 (projected)	44.1	15.2
Q122 (projected)	6.2	8.6
FY22 (projected)	9	6.8

 

Third quarter earnings are almost over. The next (Q4) is anticipated to be average. More importantly, the year 2022 do not seem to be exciting since we may see significant deceleration of earnings and revenue. Having said that, the infrastructure bill and if Congress could pass the build back better bill than that could change the whole scenario. So, I guess the numbers should look better for next year.

 

Sectorial Stock Market Performances

Sector	YTD Performance in %age
Energy	43.95
Financials	32.06
Real Estate	32.06
Information Technology	31.19
Consumer Discretionarie	28.56

 

Energy have been top performer year-to-date. Please click below link to view complete sectorial performances:

https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/si_performance.jhtml?tab=siperformance

Source: Fidelity.com

 

Now let me discuss this month’s inclusion to my Blog Portfolio.

 

Lucid Group (LCID)

Lucid Group is a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems, located in Newark, California. It manufactures luxury car, which went public on July 26, 2021, at $14 per share through a SPAC merger backed by Saudi Arabia’s sovereign-wealth fund. As I wrote earlier, there is huge emphasis on green energy which is a key parameter of climate change. The whole world is moving in that direction to preserve our climate and have a better and safer world. In my view, the renewable energy does not only have huge environmental benefits but also social, health and great economic benefits. Recently, the 2021 United Nations Climate Change Conference, (COP26) was concluded on November 14 in Scotland, Glasgow, where around 200 countries participated. ****

 

Emphasis on Electric Vehicles (EVs): Visualizing the changing world, most of the countries are emphasizing on electric vehicles (EV). Europe and China are much ahead than U.S. In next few years we will also see use of green hydrogen vehicles. Just to give a perspective, EVs represented only 5% of all new car sales in 2020. EVs are forecast to reach over 7% of new car sales worldwide in 2021, a further 66% growth, to exceed 5 million units sold. Approximately 1.3 million EVs were sold in both China and Europe in 2020, four times the EV sales in the USA. Electric cars account for less than 2% of the vehicle market in USA. President Biden has set a goal of 50% electric vehicle sales by 2030 in U.S. As such, we can expect astronomical growth of EVs in the foreseeable future. Though EV sales are a very small part of the overall market, they have been increasing at a much faster pace. Many analysts expect this trend to continue as battery costs continue to rapidly decline. The infrastructure bill and Build Back Better bill have enormous provisions for EVs.

 

In U.S there are many electric cars like Tesla, Nissan, Mercedes, Hyundai, Audi e-tron, etc. But when we say electric car, people mostly understand it as Tesla. The reason of success of Tesla cars could be attributed to it first mover advantage with high range. It released its first car in 2008 with 245 miles in a single charge. Off late, Tesla did not only do mass production but also reduced its price by introducing various modes like Model 3, Model Y etc. Moreover, the introduction of autonomous driving or self-driving feature excited even more to the consumer. Once, we drive a good electric car like Tesla, we may not like driving gas car anymore. That’s the trend. Hence, Tesla have/had the monopoly in the EV space. But now we see the emergence of another good EV car company and that’s Lucid. The company started its production a couple of months ago in September 2021. 

 

Why do I like Lucid?

• The company officially started delivering its groundbreaking and luxurious Lucid Air model, which is the longest range electric car ever produced. It goes around 520 miles on a single charge and costs about $78,000 after $7,500 federal tax credit. The company has other two modes, Lucid Air Touring costing about $95,000 and Lucid Air Grand Touring costing about $139,000. 

• The first delivery kicked-off on October 30, 2021, not even a month ago. The company already has reservations of 13,000 cars estimated order booking of $1.8 billion. To give some perspective to the readers, Tesla only produced 2,500 cars in its first 3 years from 2008 to 2011. Lucid is has planned to produce 22,000 Lucid Air Sedans in 2022. That's excellent. After the completion of phase 2 expansion, it should be able to deliver 90,000 vehicles per year.

• It plans to launch another model, an SUV called the Gravity, in 2023. The company plan to go international to Canadaand EMEA in 2022 and China in 2023. However, it has abundant demand within USA. The main factors that would be determinants in future are cost and quality. Reduction in cost could bring massive demand for the company, so more revenue and more appreciation in stock price. It took Tesla 18 years to make its first profit in the year 2020, that too Solar City, the solar company which was bought by Tesla mainly contributed to the cause. The same way, AWS helped Amazon to come into profitability. 

• Tesla went IPO in June 2010 and it’s up about 21,500% which is mind boggling. If someone invested $10,000 then it could have resulted in about $1.9 million!! I am not saying that Lucid will be next Tesla but visualizing the future need and demand of EVs, I will not be surprised to see handsome return in Lucid stock in the long run.

• Lucid has innovative technology, attractive product, compelling brand, clean sheet manufacturing approach, and impressive management. Lucid CEO Peter Rawlinson was the chief engineer of Tesla Model S. Thus, we can well imagine that he will be much aware of the challenges faced by Tesla in the early years. And that would help Lucid to make better cars.

Competition

It’s not only Tesla is the only competitor. There are other competitors as well. Recently, Rivian Automotive (RIVN) went public backed by Amazon chairman Jeff Bezos. Based on my knowledge, it delivered only about 156 cars but has an astronomical valuation of $114 billion.

 

Fisker is another EV company expects to deliver about 700 vehicles by 2023. This company is currently valued at $6.30 billion. General Motor and Ford Motor are also planning to join the race soon. There are many more international competitors like Toyota, Honda, Audi, BMW etc.

 

My View and Strategy

Based on my above analysis I do like Lucid stock. I started buying this stock when it was trading at around $22 in September. I also sent a message to my WhatsApp group on September 20 talking about its potential. Over a period of time, I have been accumulating this stock. However, now the shares are up significantly and currently trading at $52.21with a market capitalization of $90.89 billion. In last one month, the share price has gone up almost 120%. Last Friday itself it went up 17% as the House passed build back better bill. So, it may not be a compelling buy as it was a month ago. The stock had an astronomical gain, so has it gone to bubble territory? The answer for short term is “may be”. It has run too much too fast. Having said that, for investor having a long term interment objective, it’s still a good entry point to take a small position and build upon that. When I buy such volatile growth stocks I keep accumulating over a period of time and do not hesitate to take some chips out of the table when the stock has a good run. Again, if it comes down, I may add little more or sell little more when there is another big run. Visualizing the future of EVs, I still believe that Lucid stock may have tremendous potential in the long run. This is the closest Tesla competitor and so far there has not been any bad feedback about its luxury electric car. I always buy the shares in a phased manner and sell it in a phased manner. So, the share price that I may have in my own portfolio could be much different than what’s there in the blog portfolio. Because I put the price on my blog what was prevailing on the day of publishing my blog. I wanted to make this very clear to all my blog readers. 

 

RISKS: There is no doubt that the EV stocks have gone up significantly as the world is moving in that direction. Having said that, there are many risks we should be kept in mind as indicated below:

Any downturn in stock market would impact all the stocks but it could impact more to these momentum growth stocks

 

In case, there is any major technical problem in the car in future or customers feedback is not good then the stock may get hammered.

 

The stock price has gone up too much too fast, it’s always better that a stock takes little breather which is always healthy for long term share price appreciation.

 

This space will be significantly competitive in next few years. Of course, there would be humongous growth opportunity as well. So, we may see some leaders, some laggers and some will perish.

 

It’s a highly volatile growth stock. So, conservative or risk averse investors or anybody who can’t take volatility should stay away from such stock. Managing risks and controlling emotions are extremely critical in investing. Every investor must think about what is best for him/her.

 

My final thoughts

I am a growth investor, so I do my due diligence and try to find good stock with solid future potential. Lucid stocks may keep fluctuating aggressively but I see strong future potential in the long run. Barring any major setback(s), this stock can be a great investment for long haul. But if situation changes then I can take quick decision and get out. So, it’s not written on the stone that long term investment means I won’t get out. I always try to determine based on the facts available at the time of making my decision rather than emotions. At this time, I visualize Lucid has a great future and a possible closest competitor to Tesla. So far, the car seems to be nice and there have been great appreciation in its share price. Once the company scales up and able to do mass production and bring down the cost catering the need of general public, the way Tesla came out with model-3, it may have a great future. Time will tell how it goes, but so far I am extremely delighted with the ROI that has provided in just a couple of months. I am keeping it as a long term investment but keep taking some profits whenever needed.

 

Shesa’s Blog Portfolio (As of NOV 21, 2021)

Equity	Suggested Price	Current Price	Suggested Date	% Change	My View  (see disclaimer)
STOCK (All prices are in USD)
AAPL	12.9	160.55	1/25/13	1145%	HOLD
FB	47	345.3	11/13/13	635%	HOLD (Trimmed)
MA	77.18	339.72	12/12/13	340%	HOLD
AMZN	311.73	3676.57	4/12/14	1079%	HOLD
EDIT	36.53	35.35	5/28/18	-3%	SOLD
SHOP	134.81	1690.6	11/25/18	1154%	HOLD
NFLX	297.57	678.8	1/6/19	128%	HOLD
CGC	20.16	13.3	12/10/19	-34%	SOLD on 10/21@13.3
GH	87.53	104.33	9/1/19	19%	SOLD on 11/16 @102.7
NIO	4.27	38.66	1/29/20	805%	HOLD
CCL	12	20.49	3/22/20	71%	HOLD
BYND	76.91	81.63	4/19/20	6%	SOLD on 11/13 @66.55
SPG	54.59	166.74	5/25/20	205%	HOLD
ENPH	45.3	267.74	6/28/20	491%	Accumulate
TGTX	19.58	24.41	8/2/20	25%	HOLD
MU	51.61	66.55	10/18/20	29%	SOLD on 10/13 @66.55
JKS	62.71	63.69	11/21/20	2%	HOLD (Trimmed)
SRNE	14.39	6.06	2/14/21	-58%	HOLD
PLUG	27.98	44.55	4/25/21	59%	Accumulate
GRWG	44.41	23.45	5/31/21	-47%	SOLD
AGEN	5.39	3.49	7/18/21	-35%	HOLD
CLNE	8.11	7.64	8/27/21	-6%	Accumulate
SAVA	51.49	53.19	10/10/21	3%	Accumulate
LCID	55.21	55.21	11/21/21	0%	NEW ADDITION
ETF
IHF	139.1	270.46	8/16/15	94%	HOLD
QCLN	70.23	80.84	1/3/21	15%	Accumulate
MUTUAL FUND
FBIOX	11.46	21.3	3/1/13	86%	SOLD
PRMTX	59.45	211.57	12/20/14	256%	HOLD
FSRPX	9.05	26.94	1/15/16	198%	HOLD
FBSOX	37.32	93.03	3/20/16	149%	SOLD
FSMEX	43.66	86.25	9/24/17	98%	HOLD
Note: Above table is NOT a recommendation to buy/sell the stocks. This is just my view.

 

Positions CLOSED since last Blog

CGC, MU, GH, BYND: All these stocks have been sold since my last blog. It will be removed from my blog portfolio in next few days. I may also sell GRWG sooner than later.

 

That’s all for today. Wish you great investing! Stay tuned for my next blog. Thanks for your time. 

 

Disclaimer: This blog is meant to provide my opinion only. The information provided is to the best of my knowledge but may not be accurate. I do NOT provide any professional recommendation to buy/sell any stock, ETF, mutual fund, or any other security(s). As an investor, it’s your hard-earned money and you decide what is best for you. The above are merely my own opinions on what I do. Please contact a professional money manager to buy/sell any security. I do not charge any fees or commission by writing the blog except anything from Google AdSense. I have position(s) on whatever security I put on my blog portfolio and avoid including any security that I do not own or follow. Anybody buying or selling the equities mentioned here is their own risk.

 

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