PSTG

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…

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Several subscribers have asked me to comment about the share price implosion in the IT space this past week and what names can be bought to take advantage of this panic. I do think that this is a panic that presents some opportunities for subscribers with spare cash. The concept of this panicis is that…

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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.…

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We are enlarging our AYX position from about 5% to 7.5%; we have bought 150 shares at a price of $111.49. I get questions sometimes about the price we buy and sell in the model portfolio. We actually have a model portfolio that we manage on behalf of a specific (unidentified) client. Very often we…

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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…

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Although earnings reports will not be coming out in the next few weeks, there is still lots of news and some interesting opportunities. As is obvious, the market as a whole has been under some pressure for a few days, and that pressure has been focused on mega-cap IT names for a variety of factors.…

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Earnings for the quarter ended in July have been flowing in this past week. July has apparently been a relatively strong month for IT sales. It would seem that many of the themes we have highlighted over the past months have been borne out by the operational performance of many vendors. Before turning to focus…

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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…

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Summary Pure Storage shares have been eviscerated or worse long before the advent of the upside down economics of the Covid-19 era. They have not seen a material bounce back since the March lows. The company has both outgrown its peers and has a dramatically greater gross margin than its competitors. The company has converted…

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March will probably rank as the worst month ever for equity investors, but the last week or so has seen a modest recovery. There appears to be some better news from the war against the Covid-19 virus. The Boston Globe is carrying a story today that new cases in Mass. will peak on about April…

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