Good morning to those of you waking up to this text on the West Coast of California. It will be tough going back to CA, where I have to wake up before 6:30AM to catch the opening bell…but it sure is fun at 3:30pm in Paris after my afternoon cafe-au-lait to click on my “stocktracker” app to a sea of all green stocks yet again.
At this torrid pace, July may surpass the month of January, which had 21% gains. It has already surpassed the 14% gains in June. So much for the adage “Sell in May and go away”.
No doubt, the grueling pace of gains can not continue forever, but the past 3 years has been an amazing ride on the wave of digital innovation.
It is important to share with those that follow these companies and have invested in them, that I do keep a fair amount of cash on the side to pay at least a years living expenses and have other more conservative investments outside this portfolio. In short, I would never advocate putting all your eggs in this basket of 10 high growth stocks. When (not if) the market turns South, the next political upheaval happens or a natural tragedy occurs (most of these companies are in Earthquakes country and sit on the San Andreas fault line) these stocks will be hit inordinately and much harder and faster than the rest of the market. All that said, I consider it foolish not to invest something in the future and find these companies as safe as the so called “blue chips” and other relatively “conservative” companies out there with little or no growth, much less the hyper-growth these companies have sustained the past 8 or more quarters. I’m enjoying these “up” days right now because I’ve lived through the downturns of 2000, 2008, and most recently, a rather significant correction of almost 20% just 8 months ago in late December 2018. The next correction or downturn will come, no doubt, and despite Pascal’s insistence that I’m an eternal optimist (though I do try to stay positive), I’m also a realist and try to remain pragmatic through it all. But for today…I present to you yet another “Christmas 🎄 tree” in July without the red lights!! 😜
User comment: Merry Christmas Victor! Thanks for the valuable insights and glad you are enjoying Europe!
User comment: Merry Christmas Victor. So sorry you had to get up “early” in Paris with your latte. Ha. Enjoy looking forward to a latte/beer in America with you.
Victor: Trade Desk +7.8% on Amazon ad tie-up
https://seekingalpha.com/news/3482454
Watch for quarterly earnings calls on AYX and TWLO this Wednesday 7/31 after the market close. Cheers!
Last Friday’s close set another YTD high for the portfolio…in case you missed it…here were the closing prices and gains for the day.
TTD article about Amazon was sent separately above and is the primary reason for a 9% pop Friday…
Ouch! Took a pretty good hit today. Down 4% in a day is the biggest drop I’ve seen since December last year. Well, there you have it. Can’t be up everyday. I can’t find a news story or clear indication as to why in the market is relatively flat. Could be some profit-taking at the end of the month, as we are up over 15% this month. Who knows, but I don’t think it’s an indication of the strength of these companies so much as traders taking a breath.This may be an opportunity to add that second or third purchase of a stock you’ve been waiting on for a better price
…hard to say. I personally am fully invested where I want to be and not buying or selling based on today’s drop. As the Fed Makes the call on rates and the quarterly earnings continue to unfold for our stocks on Wed, it will definitely be a very interesting week.
Enjoy the roller coaster!
