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,…
On Wednesday evening, the President took revenge on the former Director of what is called the Cybersecurity and Infrastructure Security Agency, Chris Krebs for not supporting the allegations regarding the integrity of the 2020 presidential elections. The order included allegations against Krebs for allegedly “blinding” the American public about the controversy over Hunter Biden’s laptop,…
Ticker Target Invest Philosophy In the wake of the excruciating fall of high growth IT shares I have been asked frequently about the Ticker Target investment philosophy and how it works in these difficult times. Obviously in looking at a drawdown of 34% in just over 6 weeks provides plenty of motivation for introspection and…
Axon’s run: What should readers do now? It has been little more than a year since I first recommended Axon (AXON) shares. So far in 2024, the shares are up 68% and they have consistently been making new all-time highs. The quintessential pattern of a momentum growth stock. Much of the share price increase has come since the latest earnings…
As foreshadowed in the weekly commentary I have made some portfolio changes. The rationale for these changes was in the weekly commentary. That said, if anyone has questions about why I have made these changes, please let me know and I will answer rapidly. I do not like to make a lot of changes, but…