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…
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…
Shares of AppLovin have continued to rise. We sold another 25 shares this morning leaving 150. AppLovin is a decidedly “risk-on” investment at this point. The shares have appreciated by 25% since their inclusion in the S&P. Their relative valuation has reached a noticeable premium. So, we have continued to sell into strength. Our latest…
I made some portfolio changes on an opportunistic basis. There were no news event that motivated these transactions; simply a desire to take advantage of some share price anomalies. This has so far been a “Tuesday against the trend” day. It is also the day before the Fed’s decision on short term rates. At this…
We made some portfolio adjustments in the high growth portfolio this morning. We sold parts of positions in Pure Storage and AppLovin. Very tactical. Pure is now up more than 45% in the last month. Deserved-probably. A bit extended. I thought so. We now have 2400 shares of Pure and that has a weight of 9.48% in…
I made some changes in the high growth portfolio this morning. I sold 50 shares of the AppLovin position, reducing the holding to 225 shares. The shares have come a long way in a short time and lately appreciated on the inclusion of the shares in the high growth portfolio. We sold 50 shares at $571.99 and…
We made some changes in the high growth portfolio this morning. We sold a bit more than half of our Xometry position at the opening and got $44.39. We sold 900 shares, leaving 700 in the portfolio of 1.59. I will reconsider the position as it is too small on a permanent basis in the…
AppLovin-Sure Loving that performance AppLovin shares rose by about 12% on Thursday, May 7th. They are up more than 52%.in the last month. The shares are actually up 358% over the last year. They have a weight of just less than 6% in the high growth portfolio. I can’t really say if the shares might consolidate in…
Shares of AppLovin pulled back sharply this morning in the wake of a disappointing earnings report from Snap. The earnings report itself was not particularly dire but the company refrained from providing guidance and this was considered disappointing. While the Snap didn’t provide guidance it is cutting opex by $50 million compared to its prior…
Summary AppLovin’s shares are undervalued due to a 50% drawdown, despite strong growth in its core in-game advertising business and promising expansion into e-commerce advertising. Three catalysts could drive a rerating: potential earnings surprise, a report refuting short-seller allegations, and the sale of the game studio business. AppLovin’s Axon platform, leveraging AI for targeted advertising,…