As mentioned, at the close of business last Friday, we made a change in the Income/Stability portfolio. We sold the remaining shares of NetApp at a price of $58.70. This netted us $11,740. We replaced the NTAP position with a buy of 250 shares of Pegasystems at a price of $47.48. The buy cost us…
Why am I writing a post on this? Simple answer-I imagine some subscribers do own Apple shares and more subscribers might be concerned as to whether-on some objective basis-the Apple miss and guide-down means anything for the stocks they do hold. Simple answer-I don’t think so, at least from the perspective of revenues, earnings and…
Many readers are probably tired of seeing posts on Cloudera and the benefits of its merger with Hortonworks. The merger became effective today. The new company plans to hold a conference call to introduce the business formally to financial stakeholders on January 10th. Based on commentary from the prior conference call, I think that there…
I am frequently asked to review specific companies on the site. I can’t get around to doing so as fast as I would like, but eventually I try to respond to all requests. I have had a couple of requests for an update on Okta about which I wrote about 6 months ago. Back then,…
I have been asked by a couple of subscribers to comment on the investment merits-or lack thereof-for Elastic. Most of our subscribers are interested in high growth IT names. It is the area on which we focus and the area most likely to provide investors with outsize returns. By their nature, in most markets high…
Summary Zuora shares have fallen 50% in the market correction. The company has continued to post strong operating results. The combination of a lower share price and improving growth has pushed valuations to attractive levels. The company dominates a strategic niche and continue to open new verticals and new channels for its offerings that facilitate…
This afternoon, in the midst of another woeful day for IT stocks, and for many other equities, Atlassian shares rallied quite sharply and finished up by a bit more than 1%. The cause of this performance were rumors that circulated regarding the potential for Google to buy Atlassian in order to find a way of…
I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
Portfolio Changes We are making a couple of changes in the portfolios, effective at close of market today, December 18,, 2018. In our high growth portfolio we are selling our position of 30 shares in SHOP at today’s closing price of $134.39. That sale will yield cash proceeds of about $4000. We have long advised…
Oracle shares have been left as roadkill for the better part of two years. The company, while basically achieving operational performance that overall was pretty much consistent with its earnings guidance, regularly missed cloud growth estimates and its overall growth has been mired in low single digits. Thus far this year, Oracle has seen no…