That time of the month folks when we all look at our portfolios and wonder what we did to deserve another Donald Trump tweet or another round of tariffs. Today we have the bonus of Mexico being chucked into the tariff blender. While I’m sure it’s needed for various reasons (or not) it doesn’t exactly help world trade and from a selfish perspective the amounts of green bits we get on our stocks!
Talking of tweets, at least one individual has been kicked off twitter; well kind of. Since April we have seen Tesla descend to some historic new lows. It’s gone from 240 to below 190 - another 20% fall in the last 30 days. I did wonder if I’d dip into it if it sunk below $200. I’ve decided to step back and wait until the end of the year. Mr Musk’s lack of tweeting doesn’t seem to have helped things, perhaps it was all that was keeping the share price propped up. Either way loss making stocks of any company with the current US trade policy aren’t particularly attractive. I’d also be cautious about any company that looks to be importing heavily from China (and now also Mexico!). I’d expect Trumps tariff wars won’t end there. The EU hasn’t been the best friend of the US and I’m sure he’d love to throw a few punches there too.
Markets have dipped a bit since last month. My winners are…
Greggs! Who doesn’t like pasties and cake? Greggs grew 24% in the last month.
Homeserve picked up 2nd place with 11%
And for the second month in a row Games Workshop grabbed a podium growing another 8% . It is an astonishing climb.
The loser of the month in my portfolio was Fever Tree losing 16%. However I believe it is a good stock and has a solid future.
Overall my portfolio is about the same value as last month. Maybe down 1%.
So which stocks swung for you?
Disclaimer
As per Freetrade’s policy always remember to do your own research.
Remember that past performance is no guarantee of future performance.
This is a discussion only thread and is not advice to invest in any particular stock.
Obviously will only be watching for due diligence…
