I hadn’t expected to write a post today. I wanted to get back to writing my latest article and setting up a brokerage account for my 1 year old grandson. But Trade Desk shares are down sharply, the result of poorly received guidance, and I want to provide the shares a shout out. Yes, guidance…
First, let me apologize or explain to subscribers. I did not start this day anticipating making any change in the portfolio. But Trade Desk shares took off during the course of the day-they have risen by more than 9%. There was no news to account for this spike-not on Bloomberg, not on Briefing, or SA.…
This morning, we are making some changes in the high growth portfolio. We have sold 70 shares of the Trade Desk at $75.71/share. The proceeds of this sale were $5290 and we retain a position of 150 shares of TTD which represents a weighting of 2.7%. We have bought 100 shares of Monday.com at $160.09.…
Summary The Trade Desk is the leading independent demand side digital advertising platform.While its percentage growth slowed progressively last year, its relative performance improved.The company enjoys a strong position in the connected TV space with inventory available from most leading content providers.The company’s privacy technology, UID2, has enabled the company to escape some of the…
Reviewing a busted recommendation The last 13 months have been a humbling experience. I feel bloody but try to remain unbowed. It has been next to impossible to make successful recommendations-at least as I define successful. Even companies that I have recommended on SA such as Adobe (ADBE), Wix (WIX), Trade Desk (TTD) and Arista…
Baked in or not Baked in-That is the question. This has been a less than stellar year in which to invest in the ad tech space or even in the tech space or in equity markets. But sometimes less than stellar investment results can result in investment opportunities. I think it would be hard for…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Nutanix held a virtual analyst day earlier this week. It was an opportunity for the new CEO to put his personal stamp on expectations in terms of financial performance and operating strategy. The event was well received; the shares rose and are now trading at close to their high-point for the year. While the shares…
As of the opening this morning, we are making a change in our portfolio. We are selling 35 shares of TTD at a price of $307. This sale nets us $10,750. We are buying a similar amount of Rapid 7. Our entry price is $46.97, and we have bought 228 shares that cost $20,731. We…
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…