We made 2 changes in our model portfolios. As we have indicated in previous weekly commentaries, we sold our FIS position. We sold it at the opening this morning, 1/26 and we received $110.55. The proceeds of the sale netted $13,925. We originally bought the shares more than 4 years ago for $91.59. Obviously that…
A bit of a mixed metaphor here-lumps of coal aren’t supposed to come until Christmas. But it feels like Christmas this wintry day in early December, so I decided to use the metaphor. Once again, the strong demand environment is fighting against valuation concerns and overall angst about inflation, interest rates and now the Omnicom…
Summary The thesis here is that high growth names are able to produce sizeable returns despite the headwinds of inflation and higher interest rates. The thesis is supported by notable valuation compression in many names that has proceeded unremarked through much of 2021. In addition, most high growth companies are expanding their TAMS by aggressive…
I am sure that subscribers will recognize that the last few days have seen a rather substantial pull-back in high growth tech names. Some losses have been greater than others. None of the valuation contraction has been based on some particular changes in the outlook for growth names, or their overall operational performance. We will…
Several software companies reported their results on, Sept. 1. 2021. Almost all of the results were upsides; in some cases the shares responded positively, in other cases not so much. I try not to get particularly focused on how shares respond to quarterly announcements as there are so many variables that go into setting short-term…
High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February. Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation. The flip side of this, is that companies in the space have seen a…
I have written that most companies in the enterprise IT space are seeing exceptionally strong demand as business users and consumers embrace digital transformation technology. We try to ensure that our portfolio is focused on the names in the space that support the digital transformation paradigm. That has worked out for the most part, most…
Summary Enterprise software turned in a spectacular performance in 2020. My tea leaves suggest that the space will continue to outperform broad indices in 2021. I think a reasonable portfolio should focus on those companies who experienced demand headwinds in all or part of last year. I have taken a portfolio approach to making recommendations.…
Slack (WORK), Nutanix (NTNX), Anaplan (PLAN) and Pure Storage (PSTG) Thanksgiving week is often quiet period in terms of investment developments. That did not pro0ve to be the case this year. Our team at Ticker Target took 0off much of the week to enjoy time with family and loved ones-not always the same thing, but…
This is a long post, and in some ways two or more posts in one. If readers want to focus on the recent operational performance of some of the names in our portfolio, simply got to the second half of this article where individual summaries for PLAN, JAMF and CRWD are to be found. On…