Shopify-A dispassionate look from a onetime shareholder The last time I personally owned Shopify (SHOP) was during 2019. The last time I wrote about the company for SA was back in April 2020. It was just at the end of the pandemic induced market swoon and the shares were at an adjusted price of $42, on their…
Salesforce-A recommendation for a perilous market The title of this article comes from a quote by Ray Bradbury, a well known author, whose most famous work was “Fahrenheit 451.” I thought it particularly appropriate after the months of share price bloodletting. I have not written about Salesforce (CRM) on the SA platform for about 4 years now. I…
Does have Affirm have a secret sauce? Tuesday, May 24th, has been another day of fear and doubt and pain for those investors remaining in the high-growth IT space. So why write an article now about Affirm (AFRM), its outlook and its opportunities when investors are clearly making bets outside of high-growth tech. There seems…
The market continues to climb that proverbial wall of worry. After a rather difficult May 1st markets continue to rally. From time to time I read commentators bemoaning this supposedly “unloved” rally. Yesterday I spoke to a subscriber who has chosen to escape the rally, hiding out in cash. His issue is how does anyone forecast…
On Thursday, the Raymond James FinTech analyst, John Davis, downgraded the shares of Square (SQ) to sell from hold And the Rosenblatt IT analyst, Yuri Kim downgraded Anaplan shares from buy to neutral. And earlier today, Rod Hall of Goldman, Sachs downgraded many of the names on his coverage list including Nutanix. The GS downgrade…
Summary Last week Shopify withdrew its guidance and the shares plunged 10%. The shares are now down 35% from peak levels reached in the wake of a particularly strong Q4. The withdrawal of guidance is neither surprising or alarming-this company’s revenue base is derived from e-commerce sales that have likely declined along with employment and…
As I have done for the past several years during days when there are multiple earnings reports to consider, I will break up the article into several component parts. I try to make these articles a little analytical, and not just a recapitulation of what is announced and what was said on each call. So,…
Earnings, Earnings and more Earnings. Earnings season is in full swing at this point. My view, at least at this point in time, is that there is no evidence of any kind of deceleration in IT demand. That is true pretty much across the board, looking at larger companies and smaller ones all of those…
This has been a week without a whole lot of drama in the software space so far as share price action. But there have been some interesting developments worth noting. My take on the week to date is that the software space continues to lead a relatively charmed life. On balance, while this year is…
It is Tuesday, and time for more earnings to discuss. I think it is fair to suggest that the stronger companies are reporting strong earnings with a significant beat for Shopify which will be discussed below and beats as well by Paycom and Tenable. Twilio which is just reporting now as this is written and…