Indices are higher despite 10 yr yield @ 2.98%.
S&P 500 @ 1656.10, high 1659.17
Internals are positive
Oil UP $1.08
Gold Down $21.50
Canadian $ Down 3 tick @ 95.19
VIX Down 1.20% @ 15.69
In my portfolio :
Added 40% CLF @ $21.79
Portfolio ANR BAC CLF KOG MU AUY
Exposure 167%
Most stocks are UP
@ 2.32 following are red :
AUY TCK AGU LEN GMCR TIF AAPL
NTES CF LULU EXPE CMG BIDU
GG V RVBD FNSR MOS SBUX
AEM SLW EGO TRLA Z...
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
RALY's conference call was upbeat to correspond to really blowout numbers for this Q (note they guided in mid-July during their secondary for this July-ending quarter and still blew that number out) and the traditionally conservative guidance for the next quarter.
They continue to win new deals and see upsizing with current customers (land and expand). A recent deal with a large automaker was a win against IBM competition and represents 500 seats, but with possibilities of 5500 seats eventually. I think this is representative of the landscape they see now with greater customer adoption as they see the value in RALY's services.
They did lose a 3000 seat customer this past quarter (a Canadian smartphone maker--not hard to guess), but even that didn't impact the overall momentum.
I like the conservative nature of guidance and think this quarter allays some of the fears going into the quarter that the stock felt. I feel like we are close to an inflection point with their business--maybe sometime between now and next summer we'll see a ramp up in medium term growth rates from the mid-20s they are guiding for now.
It will definitely remain a hold in the portfolio (especially after the poor sell on TXTR I've had already).
Stocktrader
Hi Stocktrader,
Great report & cc analysis by you..RALY is trading well above 50 DMA....almost 10% move today$$$$
Another great pick !!!
Saleem
Post a Comment