I couldn’t find any news about Twilio or any press releases. Has anyone seen anything which would account for an 8.3% rise today?
Thanks
Saul
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I couldn’t find any news about Twilio or any press releases. Has anyone seen anything which would account for an 8.3% rise today?
Well I see that Zscaler is up almost 6% and Alteryx is up 4%, and Okta and Anaplan and Trade Desk are up 3.5% to 3.7%, and Elastic up 3%, and Gardant up 4.5%…so I guess that maybe the market just likes my companies today and it’s nothing personal about Twilio.
Saul
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Well I see that Zscaler is up almost 6% and Alteryx is up 4%, and Okta and Anaplan and Trade Desk are up 3.5% to 3.7%, and Elastic up 3%, and Gardant up 4.5%…so I guess that maybe the market just likes my companies today and it’s nothing personal about Twilio.
I think that is probably correct, Saul. Another one of those days when “the market” is down a tad, but several stocks discussed on this board are up nice amounts.
Hmm… I’m probably thinking too much about this and it’s probably just people deciding to put money back into these types of stocks again.
but maybe…
Amazon reports today. Maybe someone is expecting Amazon to either report something in their Amazon Connect (contact center) numbers that shows it’s losing ground to TWLO?
or maybe… that Amazon will announce something signaling increased demand in general for contact center spending?
Again…probably not related at all, and most likely due to the first statement.
Maybe the Fed comments yesterday? That seemed to relieve a lot of fears.
Peace,
Dana
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In MSFT earning release: Azure service growth 76%. I think this number pushes up all the cloud stocks today.
Today we will see AMZN AWS growth after market close.
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It seems like every name is up substantially today in the group on no real news.
Seems like either shorts of covering or there’s just a frenzy of buying going on, or both.
ABMD is the only name that I can find news on.
Chris
I think it is a combination of the fed, FB earnings, and the realisation of the strength of the enterprise software sector, as highlighted by Servicenow (NOW) reporting yesterday.
All the fwd looking P/S ratios are due to get reset as we start the financial year for many of our companies.
Many institutions are licking wounds from 2018 and may be actively seeking the best of breed…
Just my guess
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“so I guess that maybe the market just likes my companies today and it’s nothing personal about Twilio.”
Saul you forgot ABMD. 
Chris
Well I see that Zscaler is up almost 6% and Alteryx is up 4%, and Okta and Anaplan and Trade Desk are up 3.5% to 3.7%, and Elastic up 3%, and Gardant up 4.5%…so I guess that maybe the market just likes my companies today and it’s nothing personal about Twilio.
I think that the SAAS companies tend to run as a group and when one of them outperforms as NOW did yesterday .14 beat on 30.3% revenue growth with 678 customers with over 1M annual contract value (33% yoy growth) that lights a fire under them all. They service 75% of the Fortune 500 and the CEO was on Cramer’s show last night.
Rob
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Weren’t all the FAANG stocks doing good lately?
I recall when Saul stocks were really cooking, FAANG was “assumed” by many analysts to be driving the market.
John
I believe it has to do with Send and Twilio shareholders voting for the merger yesterday and with
Apple and Facebook giving support that indices are headed back to 200 day with Amazon reporting tonight.
In my humble opinion we are at the cusp of a new bull market and Twilio is a leader along with many of our saas and cloud stocks this go around.
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I believe it has to do with Send and Twilio shareholders voting for the merger yesterday…
Yes, SEND is also up +7%, so it makes good sense.
Also, my little “canary in the coal mine” model portfolio containing most of the peers to my actual holdings is also green from top to bottom with one exception (PVTL, which is down 0.3%). So it might be just one of these days where our stocks have caught a big wave. In that regard, it will be interesting to watch AMZN reporting tonight.
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Yes, SEND is also up +7%, so it makes good sense.
SEND and TWLO will trade in lock step due to the acquisition unless for any reason the market thinks the acquisition won’t happen.
The merger agreement was .485 shares of TWLO for every share of SEND. SEND was always short of that
ratio until today. Yesterday’s vote probably approved the deal.
I saw a Bloomberg Intelligence report that was positive on TWLO’s outlook for 2019:
“Twilio’s steady account gains and 2018 acceleration in customer-spending growth … suggest upside to consensus revenue estimates in 2019. The closing of the SendGrid acquisition should lift near-term growth via cross-selling opportunities… Major customer logo support of Twilio’s Flex contact-center platform, including by Shopify and Lyft, can … boost growth by 2H. Partnerships with Accenture, Cognizant and Tech Mahindra for Flex can help.
Potential gross-margin pressures from telecom pricing and currency fluctuations may be increasingly balanced by the growth of higher-margin application-services revenue. Competition remains fragmented…”
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"I couldn’t find any news about Twilio or any press releases. Has anyone seen anything which would account for an 8.3% rise today?
Thanks, Saul "
I believe that the cloud stocks were up big today because of Service Now’s (NOW) earnings last night.
…
In addition, “Sentiment” has suddenly changed because of FB, AAPL and the FED.
VIX & the Put/Call ratio are confirming this change in sentiment.
the big boys are piling into “momentum names”: aka: cloud stocks!
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