Even though it is mid-summer life goes on. There have been some developments of interest amongst our portfolio holdings and other recommendations. This a brief compendium of some of the news from today, July 9, 2019 as it affected the IT space. Twilio (TWLO) Yesterday Twilio announced a new customer acquisition. The company, in conjunction…
Tuesday, both Anaplan and Workday reported their quarterly results. I will review some of the salient details below, but at a high level, its fair to say that both companies reported what might best be termed blow-out quarters. Both companies provided strong outlooks within the context of prudence, and both companies, suggested that the business…
As foreshadowed in our weekly commentary, we are making some changes in our high-growth portfolio. The changes are as of Thursday morning. We are selling the following: 85 AYX at $82, 64 TWLO at $125.50 and 85 ZS at $68. These are sales of approximately 18% of our prior holdings in these positions. We are…
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…
Tuesday was bookended for IT investors with earnings from two of the highest valued vendors in the IT firmament. In the morning came earnings from Shopify followed by Twilio earnings in the afternoon. I suppose if I had to rank the two companies in terms of their performance, I would have to give the nod…
Change in the High-Growth Portfolio-Trim some Twilio, Add some Square The overall market has shown very little change this morning, but one of our portfolio names, Twilio, has made a new all-time high and it is up about $8 or just shy of $8%. With that jump, the shares have once again, become a higher…
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…
We had mentioned in previous posts that our position in Twilio had reached a level that was inconsistent with good portfolio management policies. While the main mandate of the portfolio is to maximize returns, it also has a mandate of prudent management, the same as any other investment fund might have. As of today, after…
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…
Summary Twilio reported results of its September quarter earlier this week. The results were a complete blow-out with strong beats in terms of revenues, customer adds and even operating margin performance. The company raised guidance noticeably although to a point that is probably still excessively prudent. The shares rose 35% on the day of the…