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…
After several days of risk-on bias, the market has reversed to some degree, today, Thursday, August 26, 2021. As I write this, the Nasdaq Index has declined by about 0.64%. That is about the same as the change in the S&P. The Cloud and Software indices are performing a bit better and were both down…
Pure Pure is scheduled to report the results of its fiscal Q2 on Wednesday, 8/25. I rarely try to handicap quarterly earnings-to do so requires information I simply do not possess. We have about a 4.5% weighting in the name; we started the position more than 2 years ago, and it has appreciated just 20%…
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…
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…
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.…
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…
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…
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.…
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…