No. of Recommendations: 5
In its quarterly earnings call yesterday, Microsoft guided for continued slowing of Cloud (Azure) revenue growth in the current quarter. So, continued cloudiness likely for SaaS stocks, at least until we hear from some of the leaders (e.g., SNOW) directly.
Meantime, I'll be heading out to paddle my outrigger canoe in Waikiki. Gotta keep stuff in perspective. Aloha. :-)
No. of Recommendations: 5
So, Amazon and Alphabet (Google) both reported today (along with Apple) and, as with Microsoft (Azure), a major takeaway is that Cloud growth (AWS, Google Cloud) continues to decelerate.
FWIW, I sold my small DDOG position--for a profit!--during the run-up today. I also sold half of my GOOG, at more or less break-even. There will be opportunities down the road, no doubt, but for the time being, I'm fairly battened down.
PS: These are in my Roth IRA, so tax consequences are immaterial.
PPS: Yes, someone/something bought what I sold, and so their/its view directly contradicts mine. But I'm old, and so my time horizon may well be different from theirs/its.
