I’m wondering if anyone is considering selling some shares of roku and ttd tomorrow before earnings? I’m not worried about roku’s report but rather the market sentiment. The market is totally value over growth, left and right high revenue growth earnings with low or negative earnings have been severely punished or not rewarded. Look at AYX for example, they had an amazing earnings report and the stock is negative since reporting. MTCH tonight got slammed also. I thought ENPH had a great report but the market has just sold the heck out of it for three days straight. Now look at Kroger or any semiconductor. I’m starting to really worry about my positioning in growth stocks as I continue to see negative portfolio returns while the market rages higher.
roku is expected to report strong revenue growth but operating at a loss. TTD also reports Thursday and I’m also worried. I hold large positions in both and I’m wondering if it might be smart to sell some shares before their reports and buy back after? While at the same time I would hate to miss an earnings pop after so much punishing
Over the long term I believe in our companies and their future but the market sentiment does also seem to be very important.
Any company’s stock is only as great as the price others are willing to pay for it. Earlier this year Wall Street paid anything for high revenue growth performance. Now they won’t pay for any growth stock it seems. FIVN and EVRB did receive an earnings pop, but my positions in both are extremely small so it was negligible to my portfolio.
My portfolio is down 37K for the year and it’s getting very painful to hold on.
I sold most of my TWLO position yesterday when they screwed up on their earnings report. I know you recommenced to hold on but there seems to be better companies I with a higher conviction to me for now.
Outside of TWLO no real fundamentals have changed in my holdings but the market has.
Do you believe institutions think we’re late cycle and industrials and energy are going to outperform our growth stocks or is it because interest rates are cut so institutions think value earnings companies have more room to run?
I know nothing of value investing other then it’s absolutely outperforming my portfolio by a large margin and I don’t understand why or if it’s to stay or when/if it’ll change and what I should do with my positioning.