Friday, March 31, 2023, was a historical day for our managed stock portfolios:
- Every stock in our Growth Portfolio closed the day higher.
- Every stock in the Aggressive Growth Portfolio was up on the day as well.
- Every stock but one in our Conservative Growth Portfolio was up on the day. Lockheed Martin (LMT) was the laggard as it was down less than 0.1% on the day.
The S&P 500 rose 1.4% on the day while the NASDAQ jumped 1.7%. Even Autodesk (ADSK) was up….
Tweet of the Day
Three key $ADSK Bear Points
1) More strategic, or no M&A
2) Overpaying employees with SBC because management doesnt understand finance
3) Should have spun M&E last year at 30x salescc: @UPHOLDINGS pic.twitter.com/eqQSG45XPN
— Jerry Capital (@JerryCap) March 21, 2023
Chart of the Day
Our chart of the day is this one year chart of Autodesk (ADSK).
Autodesk is seeing weakness in the economy, and it changed its pricing structure. The company has had 2023 profit estimates lowered for 6 consecutive quarters.
Quarterly profit estimates are for just 8% growth the next two quarters.
ADSK is part of the Growth Portfolio, but the stock is around my Fair Value of $202 so it may be sold from the portfolio shortly.
