Commentary for the week ending 04/29/2022
Well, this has been a rough week (and month/quarter), especially for growth investors. I have been particularly disappointed in PYPL and NFLX. I think that NFLX will recover – I think worries over subscriber defections are overblown. There is still room for growth, especially outside of the US. But we will see. As for PYPL, I am less than sanguine. Management has been less than open with their reports. So I can’t say I would buy more. As for the rest of the stocks, stay the course and I still think you will be rewarded. I am especially confident that AMZN will rebound. Increases in Amazon Prime cost will absorb some of the higher shipping costs and it seems that AWS is unstoppable in the cloud market. So buy more AMZN with confidence in long term returns. I know that the fund has failed to beat the S&P so far this year, so again, in the long term I feel that these stocks will win.