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…
Summary The best strategy to invest in the AI revolution is to focus on the pick and shovel vendors in the space. These companies serve as toll takers on the road to the deployment of AI based applications. AI needs lots of storage and thus we recommend shares of Pure. AI needs unified storage/compute and…
Summary Klaviyo, a marketing automation company, is a recent IPO. The company has a strategic partnership with Shopify and derives a significant portion of its revenue from the retail and ecommerce sectors. Klaviyo’s efficient cost structure, strong customer support, and focus on targeting and segmentation differentiate it from competitors in the marketing automation space. It…
Braze: The quarter that was reported was reasonable; guidance was disappointing, the shares more so Braze shares are down by about 19% at Tuesday’s close September 13, 2022. Some of the share price action is obviously a function of the market decline in the wake of the too hot CPI report released this morning. The…
Last week saw the end of company’s reporting their January ending quarters. We are focusing here on 3 companies, one of which is in our high-growth portfolio. Of these 3 companies, two, Braze and nCino reported quarters significantly better than had been expected. While UiPath also reported a strong quarter, its guidance was more than…
I usually don’t offer much in the way of trading commentary about individual positions. I often misread the cause of moves and in these days of algorithmic trading and volatility, it doesn’t take much for stocks to show surprising upside spikes. In the last couple of trading days, GitLab, which I recently recommended, and Braze,…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Summary Braze is a relatively recent new issue. After a post IPO spike, its valuation has compressed materially along with the overall market for high-growth IT vendors. The company has achieved faster growth in recent quarters as the benefits of its platform become more widely known in the marketing community. The company is led by…