Market

"A sharper than expected slowdown in FY24 revenue and a CEO departure makes us cautious, but Snowflake still has a strong sales and product organization” 😀Macquaire Research on $SNOW 😁 

As I have been guiding you all, dont short the market yet, there are still some not-so-worthy names that deserve to be lower, but are not getting there because of the strength in the market.

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When people ask me why software and technology are so over valued, I point them to this productivity chart from Financial Times (data from BEA), which tells you information technology has been the #1 productivity boost for the US. That tail wind deserves a huge valuation multiple increase.

Video of the day

Today’s video is on Wingstop, a Quick Service Restaurant.

Deep dive of the day

Today’s write up is on Peloton a fitness and media company.

Notes from the portfolio

Samsara $IOT is an Internet of Things company with fleet management capabilities and moving into other verticals. Good move in the right direction.

Good setups for swing