This week has seen earnings from several significant IT vendors. In general, earnings were strong-they exceeded expectations for both revenue growth and profitability. In particular, two of the constituents of the Ticker Target high growth portfolio, Snowflake and Global-e reported strong results, and subsequently the shares appreciated noticeably. Snowflake shares appreciated almost 33% on the…
Mercifully, volatility is lower this week. The VIX index, which peaked just a few days ago at 38, has fallen back to 16 at yesterday’s close. That is still higher than where it was a month ago, when it was 13, but shows a calming market overall. And some of the more extreme bets that…
Just as a point of interest, today is AI Appreciation Day. I have no immediate plans to celebrate, other than to note that marketers can find reason to celebrate something every day of the year, and today is for AI. One lady wrote on one of the AI sites that I read that she has opted…
Summary Global-e is the leader in direct-to-consumer, cross-border, e-commerce, a rapidly emerging category. The company’s guidance the last two quarters reflected macro uncertainties and led to share price sell-offs at the time of the earnings release. The current forecast seems unusually de-risked. The company’s Market Pro offering, a product of its partnership with Shopify, is…
Adding 400 shares of Global-e to position This morning, we added another 400 shares of Global-e to our current position, bringing our holding to 1600 shares. We paid $$32.29 for the shares, which cost about $12,925. This brings our margin balance to $236,855. The margin balance is now about 24% of the value of the…
Global-E: Once again presenting a very conservative forecast As an analyst and investor, I want to see my recommendations/portfolio companies forecast conservatively. Sometimes however, companies can take things to extremes. Such, I believe, is the saga of Global-e and its forecasts. The quarter that the company reported was a beat in all guided metrics. It…
Sale of 200 shares of Crowdstrike and 250 shares of Monday.com-entire position. Purchase of 400 shares of CFLT; 300 shares of PCOR; 200 shares of AFRM; 600 shares of SentinelOne; and 200 shares of GLBE I started 2024 thinking there would be a few weeks of consolidation after the strong run at the end of 2023. The…
Sale of 140 shares of Impinj (Entire Position) Purchase of 200 shares of Global One and 100 shares of Veeva We are making some portfolio changes in the Ticker Target High Growth Portfolio. We are selling our position in Impinj. The shares have been a yo-yo in the period since we have owned them. At…
Summary: Nutanix is experiencing steady growth at 30%, with a notable increase in free cash flow. Global-e witnessed a substantial 53% growth in sales during Black Friday and Cyber Monday. Pagaya’s investor presentations indicate potential positive outcomes in terms of loan originations and margin. Construction spending has exceeded expectations in the last month, suggesting a…
Global-e reported its results earlier today. The company missed its forecast for revenue and GMV by small but notable amounts. The company had forecast GMV for the quarter to be within a range of $840-$880 million; actually GMV last quarter was $839 million. It had forecast revenue last quarter of $136-$142 million; actual revenue for…