We made some changes in the high growth portfolio this morning. We sold half of our remaining Nutanix position. This doesn’t mean we think that Nutanix doesn’t have a bright future. It almost certainly does, but this is now reflected in its valuation which has gone from attractive to average with the shares up by…
The market today turned turtle. Although I don’t try to keep track of these things, today, Wednesday, July 24th was the worst day this year in terms of the performance of our high growth portfolio which fell by 4.5%. The QQQ ETF fell by 3.6% and the S&P index fell by 2.3%. Nvidia shares fell by…
Summary SentinelOne is a fast-growing cyber-security company with a strong product portfolio and continued market share gains. The company has made significant progress in improving its business model, achieving profitability, and generating free cash flow. Despite risks such as sales execution challenges and market shifts, the company’s advanced offerings like Purple AI make it a…
Summary Sprout Social shares fell sharply in the wake of a quarter in which bookings fell short of forecast which in turn caused the company to reduce revenue guidance. The company made some unforced tactical sales execution errors, but they are not existential mistakes and have not derailed the company’s long-term growth story. Sprout’s AI…
Nu Holdings has been a recent recommendation, and a recent addition to the high growth portfolio. Its shares have been appreciating-and look to continue that trend judging from pre-market activity today. Nu operates banks in both Brazil and Mexico. Yesterday, both Brazil and Mexico announced that their respective central banks had reduced interest rates. In…
Palo Alto reported the results of its fiscal Q2 last evening. The headline numbers were basically in line with expectations. The guidance…not so much. The shares are down by 24% as I write this. There have been multiple downgrades, and almost all analysts are reducing their price targets. And the malaise in Palo Alto shares…
A number of new subscribers have recently joined our Ticker Target service. First of all Welcome! I hope you will profit from the service and I welcome questions and comments. I try to provide some commentary on a timely basis for most of the companies that we hold in our portfolios. I often include these…
This has been a gut wrenching time for holders-including this writer-for holders of high growth IT shares. Investing is supposed to be somewhat logical: the results of the past week or so have defied logic. Ticker Target portfolios had some significant winners but overall most high growth IT shares have fallen victim to the risk-off…
SummarySmartsheet has become a GARP story as its growth has decelerated and valuations have compressed. The company’s Q2 earnings release should have alleviated investor concerns, with reaffirmed billings growth and strong profitability. Smartsheet is gaining market share in the workflow management space with a solution that is highly scalable and one of the most feature…
Summary Pure Storage’s FlashBlade/E product has the potential to replace spinning disc storage with its cost and performance advantages, driving significant growth for the company.The company’s partnership with NVIDIA and its AI-ready infrastructure could also contribute to growth in the coming years.Pure Storage’s valuation remains attractive, with a projected 3-year CAGR in the low 20%…