The Formidable Asset Management Holdings: Q4 2022 vs. Q1 2023

Investing in the stock market is always a game of risk and reward, and during the past year, the market has been particularly volatile. But for Formidable Asset Management, LLC, the fourth quarter of 2022 proved to be a strong period of investment, with the holdings showing consistent performance across multiple industries.

However, when compared with the first quarter of 2023, the 13F holdings show a mixed bag of results, with some companies showing a decline in Formidable's investment, while others continue to grow. In this article, we'll take a closer look at the top performers and laggards of the Formidable Asset Management portfolio for Q4 2022 and Q1 2023.

Top Performers

Apple Inc (AAPL)

Formidable Asset Management's Q4 2022 investment in Apple Inc. yielded positive results in Q1 2023, with a 26.6% increase in shares and a 26.5% increase in value. Apple's innovative technology continues to dominate the market, and with the company's recent announcement of a new mixed-reality headset, it's clear that Formidable's investment in Apple is a smart one.

Flux Power Holdings Inc (FLUX)

Flux Power Holdings Inc. also proved to be a solid investment for Formidable Asset Management, with a 25.6% increase in shares and a 25.2% increase in value. Flux Power provides advanced energy storage for industrial electric vehicles, and with the increasing adoption of electric vehicles, it's no surprise that Flux Power's stock price continues to rise.

NVIDIA Corp (NVDA)

Another tech-focused company, NVIDIA Corp, showed positive performance for Formidable Asset Management, with a 67.8% increase in shares and a 67.1% increase in value. NVIDIA is a leading manufacturer of graphics processors, and their chips are used in many popular gaming devices. As the gaming industry continues to grow, NVIDIA's stock price is sure to follow.

Laggards

Vanguard High Dividend Yield ETF (VYM)

While Formidable Asset Management's investment in Vanguard High Dividend Yield ETF was strong in Q4 2022, with 6,8043 shares and a value of $7,363, in Q1 2023, the value of shares dropped significantly to $3,486, representing a 52.7% decrease. While VYM is known for a high dividend yield, it appears that Formidable's investment was not effective in the long run.

Exxon Mobil Corporation (XOM)

Another laggard in Formidable's portfolio was Exxon Mobil Corporation, with a 9.3% decrease in value. While XOM is a well-known oil and gas company, the global push towards renewable energy has had a negative impact on the company's stock price. However, it's worth noting that XOM remains a solid dividend-paying company, and it's possible that Formidable Asset Management views this as a long-term strategy.

Conclusion

Formidable Asset Management's Q4 2022 portfolio holds promise, with companies like Apple, Flux Power, and NVIDIA continuing to perform well in Q1 2023. However, the laggards, like Vanguard High Dividend Yield ETF and Exxon Mobil Corporation, suggest that Formidable Asset Management must be careful in their investments, taking into consideration market trends and the direction of the companies they invest in. Overall, Formidable Asset Management's holdings show both strong potential and room for improvement, making it an exciting portfolio to watch in the coming months.