Shares of Nebius were down today for the 6th trading day in a row after hitting a high of $135/share just a week ago. The same trading pattern has befallen peer stocks CoreWeave and IREN. I have gotten a few questions as to what is going on. In terms of specific news regarding financials or major…
Summary Procore (PCOR) is a leader in construction management software, with significant growth potential as industry digitization remains low and new AI-driven products are launched. PCOR is targeting substantial margin expansion and cross-sell opportunities, with recent bookings and cross-sell metrics showing strong momentum despite macro headwinds in construction. A new CEO, Ajai Gopal, brings a…
We made some small additions to our portfolio today. In the high growth portfolio we added 100 shares of RBRK. We bought the shares at $85.44 for a cost of $8560. We now have 2800 shares in the high growth portfolio and they have a weight of 9.97%. We also bought 200 shores of Braze…
Summary Netskope (NTSK) is a market leader in CASB and SASE, showing strong revenue growth, gaining share and expanding its enterprise customer base. NTSK’s deep cloud visibility, AI-driven security, and proprietary NewEdge network provide performance and security advantages over competitors like Zscaler and Palo Alto. While not yet profitable, NTSK is rapidly improving margins, demonstrating…
Investors remain focused on AI hardware stocks, and in general have ignored or sold high growth enterprise software stocks. This has created some valuation anomalies and we moved to bulk up positions in stocks that have been on the wrong side of investor love. How long this paradigm will last is not really knowable. My…
Summary SentinelOne (S) is showing signs of a growth inflection, with net new ARR and backlog accelerating and technology leadership in AI-driven cybersecurity solutions. S’s Purple AI, AI SIEM, and CNAPP offerings are driving competitive differentiation, platform expansion, and rapid growth in high-potential cybersecurity market segments. Despite conservative guidance and past execution challenges, S’s improving…
The fintech sector has been weak this morning and we chose to jump in and add to our holdings in Pagaya, Affirm and Shift4. We entered a limit order in Pagaya shares at $32.01 and it got filled. Honestly, I was surprised. Pagaya shares are now down by more than 21% in the last month.…
The market continues to trade in a consolidation mode, and we took some actions today. Although objectively the inflation news was reasonably positive, and initially stocks rose, selling resumed shortly after the opening. The consolidation trade may last until earnings season gets underway. Or it may last until the next Fed policy meeting. My ability…
We made some changes to the high growth portfolio over the course of Wednesday. Shares of Nebius rocketed. This is partially due to the announcements of the rapid build-out of Project Stargate. Over 80% of Stargate’s $500 billion dollar build out is either completed or under construction. This is far more aggressive than heretofore expected.…
Sale of AppLovin; Purchases of Monday, Atlassian, SentinelOne and Samsara in the High Growth portfolio Sale of NetApp and Cognizant and purchases of Dell and Google in the Income/Stability portfolio We made some portfolio changes today. We do not intend to make changes every day, but when opportunities arise, we take them. High Growth We…