The stock market, after making several daily records, is under pressure today. Hi-growth software stocks have fallen and ServiceNow shares along with shares of IBM have seen significant drawdowns. I strongly felt that the sell-off in Service Now was not a reasonable interpretation of the quarter just reported and added to the position. And overall, I used the proceeds…
We made some changes to the high growth portfolio this morning. Shares of Monday finally showed a bit of relative strength and we sold the entire position-550 shares. A big loss-but we simply have no wish to marry a company that seemingly lacks visibility beyond the next 9 months. We sold 550 shares at $76.45 and that…
The market resumed its AI disruption trade this morning. There has been no news-just various articles reporting what has happened rather than any analysis of the outlook for this trend. It is frustrating and even scary to watch these stocks trade at valuations as low as ever seen based on a thesis that is divergent…
The US non-farm payroll report issued this morning is a shock-of the positive kind. While it goes against all of the other employment reports, it was much, much better than expected in all reported metrics. A very pro-growth report. Unity reported very strong Q4 results, substantially better than expectations but seemingly in an excess of conservatism,…
Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
ServiceNow: A post-holiday special, on sale for the first time in years! ServiceNow has been one of the most reliable growth companies in the SaaS software space. It is led by one of the most respected and experienced software executives, Bill McDermott. Since 2016 when the company went public, revenues have grown from $1.3 billion to about $13.2…
Axon’s run: What should readers do now? It has been little more than a year since I first recommended Axon (AXON) shares. So far in 2024, the shares are up 68% and they have consistently been making new all-time highs. The quintessential pattern of a momentum growth stock. Much of the share price increase has come since the latest earnings…
Assessing the outlook for Pure Storage in a recessionary environment Why look at Pure Storage (PSTG) shares now? There are an abundance of investment opportunities within the high growth IT environment. Some readers and commentators, I suppose, will say that this is a function of the relative valuation of a bubble valuation, and the valuation…
Before dealing with the individual names in this post, I just want to repeat my concerns about the mania that seems to be gripping a class of retail investors to find short squeeze targets. As I mentioned to many subscribers, my background is analytical and it is basically analysis that I try to provide to…
The parade of earnings continues and for the most part results of the IT vendors reporting have been quite strong. There have been a few disappointments to be sure of which FB is the most prominent. FB is not a company I really review and obviously it appeals to some class of investors/analysts who are…