UPST

Upstart It is just getting started Upstart reported its results after the close on 8/10. To call the results a blow-out would not do justice to the results. I am not sure I have ever had the opportunity to follow and to own a name with quite such a rapid growth rate. But besides the…

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It is rare that I find newsworthy events on which some type of commentary makes sense two days in three. This is one of those rare times. As I write this, Wednesday, July 14th markets continue to move in a risk-off direction-although not precipitately. The inflation reports, both the CPI and the PPI were concerning…

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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…

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Earlier today, Upstart shares dropped below $115 a share for a time, and while they subsequently bounced, they finished the trading day just above $119/share Wednesday afternoon, down $4/share or about 3% +.  The market has spent the last few hours adjusting to the release of Fed minutes and to Jay Powell’s press conference that some…

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As we indicated yesterday, we made some changes in the portfolio. While we had hoped to get more of a spike in Upstart, the short covering  rally apparently ran out of gas. We had our orders in, and one of them was filled at $159.99-but the other orders we had entered have not been filled,…

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We had written previously that we had planned to add to our net long position to take advantage of some of the bargains that have emerged after weeks of sector rotation. Yesterday was another day of sector rotation. The usual suspect these days is interest rate increases or its concomitant metric, inflation concerns. As it…

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