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…
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…
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…
I realize that I must sound like a broken record to some subscribers. The market is down, it is volatile and it isn’t paying attention to any kind of rational analysis. I started writing this on a Wednesday morning and stocks were up. But they have been up as well pre-market, or during the day,…
The Dow is down more than 800 points at this writing ( 2.9%) and the IGV is down almost (3.3%). The losses are part of a 3 day panic related to the potential spread of the Corvid-19 virus to other countries without the ability to identify an index victim. There are clusters of new cases…
Yesterday, 3 of the companies in our portfolio reported. Two of the earnings reports were gratifying-the third one, not so much. We expect earnings releases on one side of the other of the guided range-we think managing a portfolio is more about a longer-term batting average and less about short-term anxieties about quarterly misses-or for…
My Conviction on Pure Sometimes subscribers ask me about ranking my conviction concerning recommendations. To a certain extent, the request is somewhat akin to trying to rank one’s children. Still, not all of my recommendations have the same level of risks and rewards. I have written on several occasions regarding Pure Storage as a recommendation.…
Cloudera launches CDP Last week Cloudera announced CDP and held a round-table with analysts. It appears that most analysts at the event seemed impressed with the product launch. I do not want to cast myself in the role of reviewing products. There are plenty of 3rd party consultants who occupy that space. But I will say…
Last week was one of frustration and concern for investors in highly valued IT names. This segment of the tech space saw another difficult week in terms of share price performance. Sector rotation has continued. Some subscribers are quite concerned at the share price evolution since July 26. While the QQQ index was only down…
Zscaler/Crowdstrike-some thoughts about their announcement Yesterday, as part of an investor event, ZS and Crowdstrike announced what could be an interesting integration of the two solutions. While some of what I write here might be considered an over-simplification, the two companies offer complementary solutions to different parts of the cyber-security problem. The core of the…