As mentioned in the weekly commentary, this week is a busy one for earnings. The two most salient releases for subscribers were those of Zscaler and SentinelOne. Other earnings reports of interest included Salesforce, a modest sized holding in the income/stability portfolio as well as Okta. Of course Pure Storage, the largest position in the…
I realize that most subscribers do not follow the Income/Stability portfolio that we publish. I have some long time investment advisory clients who want dividend paying stocks-although getting much of a yield from decent information technology companies is not anything that can be reasonably achieved. I do keep up with the companies in this portfolio…
Change to the Income/Stability portfolio: Sale of 95 shares of IBM and Purchases of 70 shares of Salesforce As discussed; we have eliminated our holding of IBM shares. We sold the position this morning at a price of $166.54. The sale eliminates the 95 shares of IBM (IBM) we previously held and raised $15,795. We…
UiPath; Nutanix, Pure and Salesforce It’s Thursday, the trading week is half over and there are some notable casualties. UiPath is trading down by about 34% and Salesforce is down by more than 18%. NTNX, which had been “bulled-up” into the numbers, is trading in line with a “sell the news paradigm” and is down…
Summary Smartsheet’s share price decline has brought its EV/S ratio to around 4.5X, with a projected free cash flow margin of around 12% over the next 12 months, making it an attractive investment opportunity.The company is a leader in the workflow management space, with strong growth in profitability and free cash generation, and is set…
How should growth investors position their portfolios to deal with the impending recession Whether the NBER or the president chooses to acknowledge the reality, a recession is either here or shortly impending. It is not, perhaps, a typical recession, but then there is really no such thing as a typical, i.e. inventory based recession any…
Salesforce-A recommendation for a perilous market The title of this article comes from a quote by Ray Bradbury, a well known author, whose most famous work was “Fahrenheit 451.” I thought it particularly appropriate after the months of share price bloodletting. I have not written about Salesforce (CRM) on the SA platform for about 4 years now. I…
Salesforce reported its results more than a month ago on May 28th, 2020. Initially the shares fell based on what was considered to be weak guidance for the company’s fiscal Q2. However, it was more of a pause that refreshes, rather than any major rerating, and the shares have come close to a new high…
The last 4 days of market activity have been more mixed than the activity of the prior several weeks. Issues that might not have exercised investors in the past several weeks such as the contretemps regarding the HK security legislation, appeared to move the market. That said, there was still plenty of room for the…
From time to time we get requests for commentary on names that we do not recommend but which are of interest to subscribers. Recently both Salesforce and Workday reported the results of their fiscal Q3. There were marked similarities as well as some differences in terms of what was reported. Overall, the headline results were…