Stock Trends

January updates to the Blue Chip Hot List

Good morning,

Rotation is in the air. While growth stocks and 2023’s biggest winners have been hit hard to start the year, plenty of other stocks have been picking up the slack.

I’m proud to say that the bottom-up stock picks here caught this rotation. Last month, we had the most turnover we’ve ever had, adding 6 new stocks to the list. None of those were tech stocks but this wasn’t a macro call and I think it reiterates the complementary nature of this report, even if you aren’t a stock picker.

I’m also pleased to say that despite a tough year for stock-picking, the first full year of the Blue Chip Hot List was a success.

• The average pick, including current holdings, outperformed the S&P 500 by 0.42%

• The average return was 6.01%

• The average hold time for all closed positions was 3 months

This month, we’re standing pat with our list and not adding names or removing any. I’ve tightened stops on the stocks we’ve owned for months to protect profits, while 4 of the 6 additions from last month have outperformed.

The List