The high growth portfolio made some changes this morning. Specifically it acquired 200 additional shares of Palantir at today’s opening or $128.99, it acquired 60 additional shares of Arista at $165.62, bringing that position to 860 shares and it sold half of the remaining Affirm position at $84.98 leaving 200 shares. These transactions cost $25,805, $9945 and raised $16,990 respectively. The…
Earlier today Meta rumors which probably are credible indicated that Meta would be entering into the neo-cloud space. The rumors carried by lots of different sources was good for Meta shares which rose by 9.4% today. It led to a significant implosion amongst AI infrastructure stocks which have a heavy weight in the high growth…
JasonDoiy/iStock Unreleased via Getty Images The gold standard of the enterprise software space shares on sale now Sometimes it is hard to tell that a sale is underway. Sales do not necessarily mean that something-whether it is an enterprise software stock or a luxury watch or a luxury automobile is cheap-merely that its relative price…
We made some changes in the high growth portfolio this morning. We sold 700 shares of Affirm at $81.27. We felt that the 1 month appreciation of 9% in this market was a long way in a short time. The sale raised $56,880. There is nothing wrong with Affirm’s business. We think this will be another beat…
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…