As foreshadowed in last week’s commentary, we have initiated a starter position in the shares of Palantir. We bought 250 shares at a price of $108.79. This cost $27,205. Yesterday, the “Big Short”, Michael Burry wrote in his newsletter that he had covered half of his short exposure in the company. While no explanation was…
This morning we made some changes in the Ticker Target High Growth Model Portfolio. We sold our position in Cloudflare which had been 270 shares at a price of $222.29. Cloudflare shares have seen relative outperformance since we initiated the position in mid-April. The issue for us is that the relative valuation has gotten to an unacceptable…
We have added another 500 shares of Figma to our Ticker Target High Growth portfolio at a price of $18.59. We added the shares today because of an initiation by the Citi analyst team who have placed a $36 price target on the shares. We had foreshadowed the purchase in the weekly commentary that was…
The High Growth portfolio acquired 1200 additional shares of Navan at $18.99. That brings the Navan position to 5000 shares with a weight of 3.57% in the high growth portfolio. Navan shares have been falling after their beat and raise quarter. They fell another 4%+ this morning and the high-growth portfolio added to the position.…
Derick Hudson/iStock Editorial via Getty Images Meta’s AI: How the company is using AI to forge the leading platform in digital advertising The AI trade is dead. A couple of weeks ago it was all the thing, and now investors are selling AI related equities indiscriminately. This has not been an easy year in which…
Netskope shares have fallen precipitously this morning. At this writing they are down by 18.55%. The fall has several authors-for me, the one that is most significant was the relatively slower growth in net new ARR this quarter which was down from a year-earlier period and at a low ebb compared to historical attainment. I…
After yesterday’s spike in shares of most high-growth software companies, the market has cooled down quite a bit and is giving the high growth portfolio the opportunity to add to some positions where there have been positive developments and negative share price reaction. Much of yesterday’s spike was a function of what I think was…
The stock market is surging strongly today. Some shares seem to be blowing their tops, so to speak. I suspect much of this has been a FOMO trade compounded by algorithmic trading. One of these seems to be the shares of Datadog. We had 250 shares and we sold them this morning at a price…
Yesterday saw 3 companies in the high growth portfolio report. They all beat and they all raised. Really! But stock prices for Braze and Everpure were in reverse after the earnings releases and conference calls. Most of that is likely a function of buying the rumor and selling the news. Snowflake, like Datadog a few…
Shares of Dell continued to spike this morning. The spike is in anticipation of the upcoming earnings release. In perhaps an excess of caution, I decided to make a final trim of the Dell position before the earnings release. The Income/Stability portfolio sold 150 shares of Dell at $308.19. Dell shares have appreciated by more than 42%…