Turns out my musings last month turned out prescient. Like many others, April was a huge month for me and put me back in positive territory on the year. I’ll cover a few of my companies’ earnings, news and decisions below but plan on keeping this brief since most of the huge price movements were largely due to macro events related to Iran as well as a broad sentiment reversal related to AI. Good to see patience paying off and strong growth getting rewarded again. Most of my companies have been/are reporting in May so I’ll go deeper at the end of the month.
My year looks like this:
JAN: -7.02%
FEB: -14.81%
MAR: +1.57%
APR: +27.11%
YTD: +1.19%
My portfolio looked like this as of April 30th:
ALAB:
Caught fire and was up almost 80% MoM, and I trimmed them when they went to 21% of my portfolio.
HOOD:
Their earnings were again poor, with YoY growth slowing to 15% after a sequential drop in revenue. Margin and net income down. I sold out.
SEI:
My smallest position, I held them untouched after what I thought was ok earnings but with a big announcement of a 10 year contract with a large global tech company. Net Income was their highest ever, but growth fell from 86% to 55% YoY. GM was also up. I’ll likely hold them as-is until next quarter.
CLS:
I thought they had excellent earnings, and was confused when they were crushed after hours. They’ve since recovered, and I was able to add some shares in May. Revenue growth increased from 44% to 53% and they raised their outlook. They also expect 2027 growth to be significantly higher! They did see a decrease in Gross Margin, which I assume led to the sell-off.
ASTS:
A double whammy of poor luck, as Blue Origin blew the launch of Bluebird 7, and then the New Glenn rocket was grounded by the FAA. The ramifications aren’t clear yet, but it’s definitely a short term hiccup in the trajectory, and the stock price was hit hard. I’m in for the long-term, so I added.
May is starting out very strong. Here’s to hoping it continues!