Shares of Rubrik spiked a little this morning and I got off a sale of 300 shares at my limit of $96.99. I had tried for more, but this was the best price at which I got a fill. Investors-or dare I say traders have been very picky with how they react to earnings. Shares of both…
Yesterday afternoon was a tense time for holders of high growth IT stocks. Would Nvidia confirm what most implicitly believed with regards to GPU chips? Or was the bloom off the rose. Happy to say, the rose is still in all of its June glory-well roses used to reach peak bloom in this climate in…
Pure Storage reported its results earlier this week. The results themselves were significantly better than the comp-any had previously forecast. And the company provided guidance that also was better than its cautionary comments 90+ days ago. But the reality is that most of the positive share price reaction of the shares was a function of…
1) Pure Storage: Pure finished Tuesday down 7.7%. At this point, there is nothing published to account for the rather noticeable share price reaction today. I have looked for something on a variety of sources including Briefing, and Bloomberg without seeing anything-either positive or negative. Last week shares of Pure, as were called out in our…
A few stocks in the high growth portfolio were moving today based on some specific news developments. We aren’t going to make any changes to the portfolio: we are already positioned properly. I believe for what is apparently happening: 1) SentinelOne The company held its first-ever investor day on Wednesday. I listened to a small part…
Sale of 900 shares of Jamf; purchase of 190 shares of Pure Storage and purchase of 190 shares of Global-E As mentioned in previous posts, we are in the process of reweighting our portfolio towards companies that are exhibiting strong growth despite macro headwinds. Toward that end, we are selling 700 shares of Jamf, eliminating…
Pure and Crowdstrike are the #1 and #2 holdings in our high growth model portfolio. The two companies together account for more than 20% of the value in the portfolio. So it makes sense, I think, to review their earnings sooner rather than wait until the weekly commentary is published. While neither company reported what…
Sometimes writing about individual stocks seems inconsequential. Had we known that there would be some existential crisis of confidence amongst tech stock investors two months ago, many electrons would have been saved, eyes would have been left in a better state and portfolios would not have been so eviscerated. I try to provide value-add in…
Pure Storage-another quarter of strong operating performance starts to cure the “Doubting Thomas” syndrome Pure is soon to reach its 3rd birthday as a public company. The company’ first quarterly report featured full year revenues of $440 million-for the year as a whole, along with GAAP operating margins of negative 41%. This latest quarter, Pure’s fiscal Q2…
Pegasystems Pegasystems reported its quarterly results last week to almost deathly silence. The share price didn’t move and the volume remained at low levels. It is a name that gets little respect and even less interest-and I think that is really a mistake. The company, like almost all other old-line software vendors is moving-rapidly-to a…