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…
It is the middle of the week and stocks, while no longer trading as though an economic catastrophe is impending, are still drifting without any sustained rally impulses. This is providing some opportunities to position a portfolio for an environment of falling rates. a) AppLovin In our commentary last week, we called out AppLovin as one…
Sale of 250 shares of Nutanix; Sale of 100 shares of Dynatrace; purchase of 150 shares of AppLovin; Purchase of 20 shares of CyberArk We made some changes to the high growth portfolio today. In general, my strategy is to hold positions long term. But sometimes, when I see tactical opportunities, I take them. I…
Summary AppLovin’s software business has inflected to much higher growth levels. The inflection is being driven by the company’s use of AI as part of its Axon and the company’s AppDiscovery offering. The company is likely gaining significant share from Unity which is struggling with its software products as well as recent unforced business errors.…
Where does Unity Software go after combining with Iron Source Willie Sutton was known as an innovative bank robber using innumerable disguises and multiple scenarios. Of course he was credited with the quote about robbing banks “because that’s where the money was.” The “theft” of Iron Source (IS) by Unity Software (U) is not perhaps as…
One subscriber suggested to me recently that it was time to adjust the portfolio to the realities of the current environment. Basically, that means more of a focus on free cash flow margins, and less of a focus on turnaround or developing stories. I thank the subscriber very much for giving me a kick in…
Reviewing a recent visit with Iron Source Management There is not much positive to say for the current phase of the market. Indiscriminate selling, margin calls, an atmosphere of fear. While the Fed’s latest set of what are called dot plots is relatively benign, investors seemingly believe more apocalyptic scenarios. More and more economists, corporate…