I made some changes in the high growth portfolio this morning. I decided to sell 500 more shares of Nebius shortly after the opening and I got a fill at $167.29. There is an old Wall St. saying about trees not growing to heaven. Nebius is up 95% so far this year. I have presented my model…
Shares of Nebius have spiked significantly this week. The spike carried the shares to a portfolio weight that was simply too high for comfort. We sold 500 shares of Nebius in the high growth portfolio at $148.99 and that raised $74,495. We now have a 2700 share position in Nebius which is a weight of 22.7% in…
It was a poor way to start the week for holders of Pagaya and Monday shares. I was pleasantly surprised that overall, the high growth portfolio appreciated a bit more than 1% on Monday-but that in no way took any of the sting from the 21% drawdown of Monday shares and the 24% depreciation of…
The market has been quite volatile today, at least in terms of our high growth portfolio. We have (hopefully) taken advantage of the volatility and made some trades. Overall, the trades wound up reducing our margin balance by $660, and the balance now goes to $738,612. There were, in aggregate7 transactions today. In the interest…
The market is once again suffering through a bout of what I might describe as bubble mania with aggressive selling of AI shares. In addition, the results of Netskope, while objectively very strong and better than anticipated, have seen some selling interest as well. Apparently issues with regards to Broadcom’s projected margins have somehow been readthrough…
Reviews of Shift4, Affirm, Procore, Datadog and Figma Loads of earnings to consider. One of the strongest earnings quarters in recent years-certainly in terms of IT companies and apparently pretty generally amongst the S&P-even outside of the Mag 7 group. Has it pricked the bubble mentality? Not so far it seems. This is one sample…
Summary Datadog just reported a quarter in which it delivered an impressive growth inflection, accelerating revenue and raising guidance, yet shares remain under pressure due to negative sentiment and macro fears. AI observability is a massive, underappreciated tailwind for Datadog; its solutions are foundational for monitoring generative AI and LLM deployments across enterprises. Valuation is…
We have made the following changes in the high growth portfolio earlier this morning. CompanySharesPriceB/STotalOld Position New PositionWeightSprount Social1,500$66.69S$40,0251,50000%Datadog120$117.01S$14,02512000%Braze800$37.49B$30,00008003.5%Xometry300$27.69B$8,3151,2001,5003.4%Unity400$26.59B$10,6451,3001,7003.7%Procore50$79.49B$3,9805506003.9% Sprout Social reported yet another disappointing quarter with revenue growth forecasted at 10% for the full year. The company continues to report growth in bookings in the mid-high 20% range but somehow the bookings never translate into revenue…
The last two days have seen a noticeable pull-back in high growth IT shares. One reason might be renewed interest rate angst. The Fed minutes published yesterday suggested that the probability of an interest rate cut is low over the next two or three Fed meetings. This sense seems to have animated a sell-off in…
There has been lots of volatility since Monday. First the DeepSeek panic and then yesterday the sharp reversal as investors started to refine their view of the likely impact of the cost of cheaper models. Today-at least as I write this-seems to be presenting a bit of a consolidation trade after yesterday’s sharp spike. …