I have received a number of requests from subscribers to comment on what some perceive as a valuation bubble in high-growth tech stocks. It seems a good occasion to reflect on Q1 and whether those results have created a bubble. Just to be clear, from time to time, groups of stocks are going to perform…
As most subscribers are aware, we have a been positive on TTD for some time now and it is a holding in our high-growth portfolio. The company announced what was a very strong quarterback in late February and the shares spiked then and were strong through last Friday when they made an all-time high of…
It isn’t that often that an equity, even a hyper-growth equity, appreciates 31% in a day, unless it is getting bought. And even though Trade Desk shares had sold off by about 7% the day before its earnings release based on a negative call from Stifel analyst, John Egbert, Friday’s price action still ought to…
I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…