This has been a gut wrenching time for holders-including this writer-for holders of high growth IT shares. Investing is supposed to be somewhat logical: the results of the past week or so have defied logic. Ticker Target portfolios had some significant winners but overall most high growth IT shares have fallen victim to the risk-off…
Summary MongoDB is the dominant competitor in the market for NoSQL databases.Its revenue growth is currently being constrained by macro headwinds impacting a usage based pricing model.The company, despite an earnings report that was better than feared, has reduced its revenue growth estimates for the current year to the high teens percent.The company, while not…
Microsoft’s latest quarter: Warts on display; Opportunities on the horizon I don’t usually write about specific quarterly results for different companies. I realize that many readers are anxious to see an evaluation of quarterly results in the shortest possible time. I used to do that as part of my job as a brokerage analyst; for the most…
Affirm: Can it satisfy investors in a fraught environment Investing in the fintech space has not been good for the performance of a portfolio during the past 14+ months. Supreme understatement, I suppose. Depending on the definition of fintech, most of the group has imploded. In terms of winners, there has been Shift4 Payments (FOUR) and…
Reviewing a busted recommendation The last 13 months have been a humbling experience. I feel bloody but try to remain unbowed. It has been next to impossible to make successful recommendations-at least as I define successful. Even companies that I have recommended on SA such as Adobe (ADBE), Wix (WIX), Trade Desk (TTD) and Arista…
For the last several months, pundits, analysts and investors have been beating the drums about an impending recession. The recession appears to have arrived, certainly in Europe, and probably in the US as well. At the very least, bond traders, who have bid down yields on Treasury bonds the last several months are relatively convinced…
Reviewing a recent visit with Iron Source Management There is not much positive to say for the current phase of the market. Indiscriminate selling, margin calls, an atmosphere of fear. While the Fed’s latest set of what are called dot plots is relatively benign, investors seemingly believe more apocalyptic scenarios. More and more economists, corporate…
Rediscovering a reasonably valued cyber-security leader The last 7 months has been an eternity for most investors in the high-growth IT space. At first the issue driving stocks lower was valuation in an environment in which the Fed committed to raising rates to curb inflation. And then, as inflation persisted, and comments from Fed governors…
Earnings, Earnings and more Earnings. Earnings season is in full swing at this point. My view, at least at this point in time, is that there is no evidence of any kind of deceleration in IT demand. That is true pretty much across the board, looking at larger companies and smaller ones all of those…
There have been a variety of news events that may be of interest to some subscribers. I though it might be most convenient to bundle them into a single post. None of these events will be company changing but they have had some modest share price impact. Before starting on the content, please note that…