We have added 500 shares of SentinelOne to our high growth portfolio. We bought the shares at 23.24 for a total cost of $11,630. This brought our margin balance to $279,655, The company reported what were reasonable or better numbers when it released earnings earlier this week. The shares have oscillated since the earnings release…
A very busy week for earnings. I am going to try to cover results and guidance of the companies in the high growth portfolio that have reported these last couple of days. There obviously have been other earnings reports of interest. In particular, Nvidia’s earnings release and forward guidance were not enough of a beat…
Snowflake reported its results for the quarter that ended 7/31/24 last evening. Traders apparently didn’t like what they saw; the shares are down by almost 12% as I write this and they are down by 26% over the last 3 months. Much commentary that I have read thus far is that the beat was too…
Summary Doximity’s guidance in no way reflects the positive tea leaves management discussed during the conference call. Doximity reported better than expected Q1 results with revenues of $127 million and adjusted EBITDA of $66 million, leading to a 39% increase in share price. The company minimally increased its adjusted EBITDA forecast for FY ’25, but…
Mercifully, volatility is lower this week. The VIX index, which peaked just a few days ago at 38, has fallen back to 16 at yesterday’s close. That is still higher than where it was a month ago, when it was 13, but shows a calming market overall. And some of the more extreme bets that…
Summary Microsoft reported its earnings and guidance for the coming quarter, slightly below expectations, leading to questions about the impact of generative AI on the company’s growth. The market meltdown and subsequent recovery affected stock prices, with Microsoft experiencing a decrease in share value before a bounce back. Microsoft’s capex growth is substantial, with a…
Pagaya shares have fallen by 17% today after declining 6% on Friday. This is not, repeat not, a function of the company’s earnings report or its outlook I reviewed those on Friday, and my opinion didn’t change over the weekend. What I believe has happened is this. Subscribers may recollect that Pagaya raised money in March through…
This morning, we added another 900 shares of Pagaya to the portfolio. We bought the shares at $13.89, so the total consideration was $12,510. That brings our holding of Pagaya to 3200 shares, which is a weighting of a bit greater than 5%. Our margin balance goes to $268,025. As mentioned in the post regarding…
Pagaya announced its results for its fiscal Q2 and updated guidance. It also discussed some of its most recent strategic initiatives and some significant KPIs. Simply put, everything was good, or from my perspective, better than good. As I write this the shares are down 7.7%. To say that is a completely illogical evolution is…
Pagaya shares have bounced sharply up by 27% in just three days. Of course the shares had fallen by 22% in the prior 9 days, so basically in twelve days the shares have lost 1% despite their interim journey. Some of that is the market which has been incredibly volatile over that period. If you…