Shana discusses the rapid and significant changes happening in the business world, highlighting the difficulties in maintaining foundational stocks due to frequent changes in corporate direction and management.
MA 40 was a yellow stock. It was foundational for a long time. But you know what? Things change. And in the days that we’re living in, they seem to change rapidly. This particular company has had changes to their board of directors. They have had management changes that don’t really align well with what we’re doing. So that particular company is buying it sort of into the green agenda to the ESG agenda.
MA63. We didn’t actually say that it’s for biblically responsible reasons, but that particular one still screens clean, so we haven’t issued a sell alert on it. But I did find on the Trevor projects page of sponsors that they are listed there. So for me that’s a no go for sure. And that particular company, MA63, is really heavy into the ESG-DEI space. They just haven’t done enough yet to, I guess, screen dirty.
But, you know with the way that things are going right now with the economy, we do see the economy slowing down. We see unemployment on the rise. Those, I can’t say for sure if we will go into a recession or if the Fed is going to swoop in and save us again, but, giving us easy money. But the markets tend to be forward-looking, as I suspect that we’ll have a lot of volatility. Now, we do always talk here about not trying to time the market, and that’s not what we’re trying to do. But we do see some concerns with all of the companies that we have on the sell list. So we’re in the process right now of revamping our website, and we’re going to make our list a little bit, hopefully, a lot easier to navigate.
When the new website comes out, you’re not going to see the yellow stocks anymore just because things change. And, you know, the way that corporate America is going today, I don’t know that we can count on any companies to really be foundational. We’re seeing so much turnover and so much infiltration of the boards. That’s the way that a lot of these hedge funds are working. They’re activist investors. We saw that happen with ExxonMobil and Engine One. They forced, I think it was two people from their organization onto the board of directors of ExxonMobil because they wanted ExxonMobil to turn green. I mean, you know, one of the biggest oil companies, if not the biggest oil companies in the world. And so, you know, now they’ve, they forced their way into ExxonMobil and they’re forcing changes there, so there won’t be foundational stocks anymore when the new website comes out but we will give you some indication as to whether or not they’re income stocks that would indicate that they’re good for people who are building an income portfolio or people who want to have some exposure to income in their portfolios. We’ll also say whether or not the stock is aggressive, whether it’s growth and income, meaning that it pays some dividend, but it also has, you know, should expect some growth or if it’s strictly just a growth company.
So guidance going to be changing a little bit. And that’s just a reflection of the way that things have changed. You know, even since Dan has been gone in the last two and a half years, we’ve seen things start to change even more rapidly in corporate America.
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