After tripling in a few short months, riding the wave of strong earnings, its time for NYSE:SG to return to earth. Looking at the chart you'll see a gap that needs to be filled.
Valuation is a concern here and on that simple basis it should fall to lower portion of gap. Opening short position here similar to short in $SHAK. Will add to position as momentum to...
NYSE:SHAK has had a good run and is a solid performer. That said NYSE:SHAK might have gotten ahead of itself a bit. Upside has be tested at 111 twice and rejected. Management has sold some shares for tax purposes but that's not too big a deal.
I could wait for the 3rd rejection or start easing into a short position which is my preference at the moment. Will...
Like NYSE:CRM , successful customers of ServiceNow become locked into the NYSE:NOW ecosystem and as they add functionality to their platform they gain an ever larger share of the IT department OPEX budget. Numbers wise, NYSE:NOW continues to steamroll forward with Forbes reporting:
Q1 2024 revenue: $2.6 billion — up 24% and $10 million above consensus as...
