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Major indexes are rallying to an all-time high. Sectors like EV, AI, or everything are moving up this week. It could be because of catalysts like vaccine news, bitcoins, or even regulation changes that are causing this rally.
The image is the top 15 company by performance with over 1 billion market cap this week. A summary of some of them are as follows:
- Arvinas is trying to conquer cancer and has it some promising data on their study.
- TG Therapeutics also has good data for multiple sclerosis.
- FuboTV is bringing sports to your mobile devices.
- Domo helps you gain business intelligence from your data.
- FireEye, Qualys or Tenable: they do cybersecurity for you.
- Digital Turbine is a company that helps you do marketing on Android devices.
- RedFin, as well as Zillow and Opendoor SPAC (IPOB) are disrupting real estate space.
- Revolve Group, as well as other e-commerce players are also going up.
Everything is overbought at this stage, but it could be an indicator of where the future is heading. We need to conquer cancer. We would continue to stay at home for the next couple of months and you still need to buy stuff.
Also when everyone is working remotely, intuitively, you need more cybersecurity companies to help you safeguard your assets. And this would continue to be true in the long run as more companies are turning into software companies.
Also, the rally in online real estate broker could be fueled by the low rates environment we are in. The real estate market is recovering in many cities, and in some cities they are having a really good time. And until we see a change in the rates policy those companies might continue to enjoy the low rates tailwind and grow super fast.
$ARVN $FUBO $DOMO $FEYE $TENB $DQ $APPS $CYBR $QLYS $ALXN $RDFN $TGTX $RVLV $CALX
Slack is a chat app that aims to help you and your teams work together.
Why do we think this company is worth paying attention to? We think Slack is fun and easy to use compared to many other existing chat apps. You can join communities and engage in topics that you're interested in. You can run daily stand-ups or project management tools to make your life easier. You can also add integrations like Giphy that make your work life more interesting.
But Slack is not the only company that offers chat apps to businesses. Microsoft also has a similar product called Teams. There are talks about Slack getting serious competition from Teams a few months ago. There is a chart showing Teams taking a much shorter time to achieve 13 million daily active users when Slack only has 10 million users.
Source: The Verge
But as you can see in Q4 2019 the revenue growth is still at an astounding 59.7% and is up from 57.6% in Q3. Also if you look at the difference in Slack and Teams pricing you can see that for Slack the minimum paid plan is $6.67 USD per user per month, billed annually, and for Microsoft Teams it is $5 USD per user per month.
Does that mean Teams can take existing users away from Slack? We think the answer is no. It's hard to justify switching your collaboration app once you have all integrations and channels setup. It's simply not worthwhile doing so for most companies, considering how time-consuming it is to set up all the channels and integrations.
But maybe that's part of the reason why Slack's stock price dropped 50% since the IPO in 2019. But if you look at their revenue growth you would see they're still doing an exceptional job growing between 55 - 80% consistently in the past few quarters. And keep in mind their net dollar retention rate is around 130%. The good news is the stock price is up around 40% since the beginning of 2020 with a great technical setup, so we think the company has the potential to move much higher.
Disclaimer: I wrote this article myself, and it expresses my own opinions. This is not a stock recommendation but rather just expressing a view. We hope this can help you increase your probability of finding great companies in the stock market. Please do your own due diligence.
https://seekingalpha.com/article/4319281-alteryx-is-still-one-of-best-investments-around
It was at a point down more than 5% and end up closing around 0%. $AYX
