This morning, as stocks declined because of fears of continued rate back-up, the high-growth portfolio made some changes. It eliminated the last of the Unity position-not because of any specific news or change in expectations, but simply because of my expectations that with the rather substantial drawdowns in shares of Nebius and Cerebras in the last couple…
The Ticker Target High Growth portfolio made some small changes this morning. We took the Unity position from 2500 shares to 2000 shares. The thought process is the same as we discussed earlier this week. It simply seems as though sentiment is limiting the upside for Unity shares in the short term. I haven’t changed…
The High Growth portfolio made some changes in its holdings this morning. The portfolio reduced its Unity position to 2500 shares-a sale of 1450 shares at $45.69. The sale raised $66.240. and the new weight in the high growth portfolio is 3.5%. While I think Unity shares still do not reflect the success of Axon and…
The High Growth portfolio eliminated the remaining position in Snowflake selling 100 shares for $314.01. This raised $31,390. After the reaction to Datadog’s earnings, it seemed prudent to exit this position. While Datadog and Snowflake aren’t really business analogs they frequently trade in tandem. The high growth portfolio added 100 shares of Bloom Energy bringing that position to 200 shares. We…
After yesterday’s spike in shares of most high-growth software companies, the market has cooled down quite a bit and is giving the high growth portfolio the opportunity to add to some positions where there have been positive developments and negative share price reaction. Much of yesterday’s spike was a function of what I think was…
Lots of earnings to look at and many to admire. This is turning out to be a quarter for most enterprise software companies in which growth rates and margins were both rising and guidance was better than had been anticipated. 1) Pagaya I think the best way to describe the results and the guidance of this…
After reviewing the earnings release, updating the model and reviewing the conference call transcript, I felt impelled to add to the Unity position. The Vector initiative is working out. The company is launching a further enhancement of significance to the platform in June. At that point, it will start to use the data from its…
I made 3 changes in the high growth model portfolio this morning. I was surprised to see Figma actually down after the results it reported. I am not sure how that happened, but it did and I took advantage of what I considered an anomaly. While the shares have risen by about 6.5% while writing this, this…
AppLovin and Unity aren’t really software companies although certainly Unity Create business is based on that company’s game creation software offering. They both reported on Wednesday. That market hated Unity’s forecast and drove the shares down by about 26%; this after a 25% drawdown when Google announced Genie. Unity shares are now down by 52%…
It was a poor way to start the week for holders of Pagaya and Monday shares. I was pleasantly surprised that overall, the high growth portfolio appreciated a bit more than 1% on Monday-but that in no way took any of the sting from the 21% drawdown of Monday shares and the 24% depreciation of…