This has been yet another week of pain and disappointment. Despite seeing some strong performance because of upside earnings from Braze, Navan and Unity, the high growth portfolio has depreciated. Stocks are being sold more or less independent of valuation or business outlook. Sentiment seems to be stuck in negative. The war, the SaaSpocalypse theory, interest…
We made some portfolio changes this morning. We sold 100 shares of our Snowflake position at $266.99. This raised $26,690. We now have 500 shares of Snowflake which has a weight of 7.11% in the high growth portfolio. As discussed earlier, we bought 400 shares of Dynatrace at $46.89. This cost $18,765. We now have…
We decided to take some profits on our Zscaler position which has risen by more than 80% so far this year and has reached a rather substantial valuation above average based on my estimates. The sale of 250 shares at $325.39 raised $81,340. We still have a position of 350 shares and that has a…
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…
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 am getting this to subscribers a bit later than normal-last week’s post ran too long so this was not included. Then too, with the excitement with regards to Oracle and Nebius, my scheduling got severely impacted. Here is the list: the first 3 ideas are the companies that have just reported, i.e. Oracle, Nebius…
After a reasonable day in terms of stock trading on Monday, the last couple of days have seen a noticeably sharp sector rotation. There are any number of reasons for that kind of action. Perhaps it was the Palantir plummet, perhaps concerns over the Jackson Hole presentation coming from the Fed Chair, or perhaps from…
Sale of 150 shares of CyberArk (Entire Position); Purchase of 200 shares of Pagaya; Purchase of 200 shares of Rubrik; Purchase of 250 shares of Samsara; Purchase of 200 shares of Dynatrace; Purchase of 200 shares of Braze; Purchase of 50 shares of Atlassian; Purchase of 20 shares of Monday We have made some changes…