Google Is The Post-Lockdown Amazon

Alphabet Inc. (Nasdaq: GOOG) is as well placed for a post lockdown world as Amazon.com Inc. (Nasdaq: AMZN) was for the lockdown economy. Almost every major business segment of Amazon benefited during the lockdown, be it retail, AWS, Prime video, etc., and to an extent, the same can be said for Google after the global economy opens up. No wonder, Google is on top of our weekly list of favorite Longs and Shorts. There is no denying that Google failed to deliver this year like Amazon, Shopify, Zoom, and other…

Read More

Apple Is The New IBM

Apple Inc. (Nasdaq: AAPL) has long been a darling of both growth and value investors alike, but maturing growth and valuation relative to the growth on offer suggest the stock is looking similar to International Business Machines Corp. (NYSE: IBM). Once dominant, both have products and solutions that seem ubiquitous to their fan base, but lost ground in fast=growing emerging technology trends.    The stock is still touted as a growth story by the Bulls and the argument is forgetten about weakness in iPhones today, the real long-term story is…

Read More

Uber Stock May Lead Next Rally

Uber Technologies Inc. (NYSE: UBER) has started to show up high on our models, mostly on fundamental scores yet but if the quantitative data on the stock continues to improve, we at Purnha believe the stock will be ideally positioned to lead the ‘post lockdown’ stock rally, whenever that happens. Thus the time to take a closer look and do in-depth research is now. The Sell-side tends to look at sectors in silos, which makes little sense for investors looking to grow their portfolios on an absolute basis and as…

Read More

Both At Risk, But Ping May Disappoint Before Okta

An interesting thing about any Bull market is that all a business needs is just a good elevator pitch story that can be backed by some macro shift underway and a stock of a somewhat related business that is performing well, and voila you have a hot stock. Ping Identity (Nasdaq: PING) and Okta Inc. (Nasdaq: OKTA) are perfect examples. Both companies are enjoying the market’s newfound enthusiasm about remote access management technology in its new avatar as Identity As A Service, Cloud-based service of managing employee access and identity.…

Read More

The Trade Desk: Time To Leave This Desk

The Trade Desk Inc. (Nasdaq: TTD) has been one of the best performing advertising related stock for the last few years, up almost 15x since going public in 2016, riding on multiple favorable trends, including the rise of programmatic buying, in the advertising industry. The last few months have been tough for the advertising industry, but the stock hasn’t been impacted much. Investors have largely shrugged off the weakness in the industry as temporary and set their hopes on a quick recovery for the company, believing transition to Connected TV…

Read More

Chinese Stocks May Continue To Run, Here’s Why

Chinese stocks, especially those listed on the U.S. and Hong Kong stock exchanges are performing well over last two-three weeks, even though some of the hot trendy names of April, including those benefiting from ‘stay at home’ trend like Slack Technologies (Nasdaq: WORK) and V-shape comeback plays like airlines, are starting to show signs of tiredness. Most ETFs with Chinese stocks, including Invesco China Technology (NYSE: CQQQ) have come back nicely since the March lows. Indeed, China Technology ETF is up more than 35% over last one year, even though…

Read More

Warner Music, Made Relevant By Spotify, Looks Fully valued

Warner Music Group (NYSE: WMG) went public earlier this month and the stock is up 30% from IPO levels, not much higher given the investor excitement towards anything new to the stock exchange, anything related to music streaming, and anything that can be compared to Spotify (Nasdaq: SPOT). But the market is right to have tempered its excitement. Rise of music streaming has provided respect to music publishers once again; almost a decade after the business was pronounced dead with the rise of free file-sharing services. No doubt, the franchise…

Read More

Analyzing Cloudflare And Fastly As A Pair trade

Even seasoned investors will warn you that pair trades rarely work, more so when they are in a similar industry, but the research exercise is rewarding in more ways than one. Both Cloudflare (NYSE: NET) and Fastly (Nasdaq: FSLY) are recent IPOs. Even though the underlying business of the two companies is similar, the stock performance has been far from similar. While Fastly Stock is up close to 250% since the IPO, Cloudflare stock is up barely 100%, mostly after the run-up over last few weeks. As Cloud-based network services…

Read More