Yesterday saw 3 companies in the high growth portfolio report. They all beat and they all raised. Really! But stock prices for Braze and Everpure were in reverse after the earnings releases and conference calls. Most of that is likely a function of buying the rumor and selling the news. Snowflake, like Datadog a few…
Snowflake is set to report its earnings for the quarter ended April 30 later this month. While it has bounced some in the last month, it is still down more than 30% since the start of the year. The shares have been weak today, and we added to our position. Anecdotal checks suggest that usage…
Shares of Nebius have spiked significantly this week. The spike carried the shares to a portfolio weight that was simply too high for comfort. We sold 500 shares of Nebius in the high growth portfolio at $148.99 and that raised $74,495. We now have a 2700 share position in Nebius which is a weight of 22.7% in…
Sale of 1200 shares of Shift4 (entire position); Purchase of Digital Ocean-Starter position; Adding to positions in Snowflake, Figma and Samsara. We made some changes in the high growth portfolio today. We eliminated the Shift 4 position. We got impatient and despite not getting the dead cat bounce, we decided to take the medicine and eliminate the…
Sundry Photography/iStock Editorial via Getty Images Snowflake: It is an enterprise software company but all the same it it has become a leader in providing users with an effective and efficient AI strategy! It has been almost 2 years since I last wrote an article about Snowflake for SA. The shares have risen by about…
This has been an eventful day. Overall, the high growth portfolio is fluctuating with a modest positive change as I write this as some of the negativity regarding software shares has relaxed a little in the wake of a less threatening presentation from Anthropic. . But Pure Storage has fallen noticeably and Shift4 has fallen…
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,…
We sold the last 100 shares of the Snowflake position. Snowflake spiked up today in sympathy with the strong results reported by MongoDB. I imagine that Snowflake, which reports tomorrow did have a strong quarter-I am just now sure if the upside will be strong enough to sustain the share price spike. Snowflake is a volatile stock, and…
As those of you who know me, I am not given to hyperbole. I see plenty of it in my role. I really don’t like to say something is incredible. But I do not know how else to describe the projections Nebius provided as part of this earnings release. As I write this, Nebius shares…