The outperformance by $UPWK has been unreal.

Institutions are getting ready for earnings on 10/27.

Full Disclosure: This week, I've doubled my position and bought a Jan 2022 Call Option. I'm very long. Not advice.
For new follows/those curious about d reason for increasing my position:

Here's my thread I put last Sunday.

I never expected to see UPWK gain 20% since that thread while d Nasdaq went lower. In my job, I've seen lots of data pointing to the rise in gigs
My original thread on $UPWK with some details.

Additional Data Metrics:

Last time I checked out the latest fund ownerships. Major institutions have increased their UPWK position, it currently stands at #443+ at the last check prior to earnings.

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More from @InvestiAnalyst

9 Oct
This is a comprehensive thread on the Buy-Now-Pay-Later Trend.

Why have the World's Largest Retailers chosen Affirm's BNPL solution instead of building their solution in-house?

This thread explores $AFRM's Competitive Advantage and the current Credit Card disruption: Image
My Story with Affirm & BNPL started from tracking them on private Mkt's + Day 1 of the IPO:

I started accumulating shares from IPO day as seen below:

I have followed the story from the beginning, so I'm happy to share my journey/learnings:

1/ Let's begin with First Principles:

What is BNPL and how does a BNPL transaction work?

Who are the key partners?

Below is a great overview by my friend @mariogabriele. It breaks down all the key partners. BNPL is more complex under the surface, but this is a good starter: Image
Read 39 tweets
4 Oct
Few Highlights behind the $UPWK Thesis:

LTM:
• $UPWK: 154%
• $FVRR: 16%

YTD:
• $UPWK: 42%
• $FVRR: (-7%)

NTM:
• In my opinion: $UPWK outperforms $FVRR
[Save this tweet]

Let's review a few snippets behind my thesis: Thread👇
1/ First, a bet on any Biz' is the Management. Let’s start here.

I’ve seen @hydnbrwn on social channels. I’ve been impressed by their passion for @Upwork' mission. I almost can’t tell the difference btw a Founder vs CEO!

The New Mgmt additions LTM have been strong. Thanks, HB!
2/ @AznWeng shared a couple of data points from Revelera showing massive accelerations in the No of new clients showing their products on UPWK. *July and August* seem to have the strongest momentum in their history.

All Courtesy of @Revealera
Read 18 tweets
2 Oct
Many seem to be interested in Saul's 32% CAGR; If you want to master his philosophies. These are two great accounts to know:

1/ @StockNovice
2/ @GauchoRico

* Focus on their process & logic rather than just picks
* FYI - This is Saul's board boards.fool.com/sauls-investin…

Next - 1/4
2/ Great FREE blogs for starters:

To be a good growth tech stock picker. It involves work, obsession with the process and the key is to internalize all these blogs

+ thestocknovice.substack.com/p/portfolio-si…

+ thestocknovice.substack.com/p/preparing-fo…

+ gauchorico.com/growth-stock-a…
+ See monthly summaries
3/ #FF - Few *low-key* great A/C's worth following in general:

+ @investing_bear
+ @Chris_Conforti
+ @xponentialdave<visit blog>
+ @VNunnemaker<visit blog>

Other cool Investors <6k
+ @parkcassady
+ @corbinw22
+ @MT_Capital1
+ @BlaineCapital
+ @HonestInvesting

Cheers. x
Read 4 tweets
28 Sep
Saul Rosenthal: A great who from 1989-2007 averaged 32% returns compared to the market’s 12%.

Now lives off his portfolio, a few advice based on excerpts from an article 5-years ago:
1/ Contrarian mindset & Market Timing:
2/ Portfolio Sizing and Concentrated bets:
Read 7 tweets
27 Sep
Cloud Adoption is still in early Innings:

Amazon AWS continues to lead, at roughly 23% Cloud adoption rates -there is run for small hyper scalers.

As at Q2 2021, global cloud infrastructure revenues amounted to $50B+

I've started a position in $DOCN in Portfolio 2:
Next 1/3 ImageImage
2/ I've got high expectations for $DOCN

As at TTM: $366M,

Last 4-Qtr's of *accelerating* growth
+ 24%
+ 26%
+ 29%
+ 35%
QoQ Growth: 10%

Ops Income Past 4'Q's:
-17%
2%
-8%
2%
34%

EBITDA Margins: 22% in 2019 > 30% in 2021

FCF: 14%

At EV/S of 22x, this is fair.
3/ $DOCN appears to have carved out a niche in a 150B market. Many customers rave about the ease of adoption.

This is in my Port-2. Next Qtr, if growth doesn't exceed 34% YoY in Revs or ARR's and customer count doesn't exceed 610K - I'm out.

I'm long as long as the thesis holds
Read 4 tweets
27 Sep
Major Technology Trends based on Executives & Venture Money published by Mckinsey Today: *Read the full below

I'm long & bullish:
1. $PLTR (Applied AI, ML)
2. $PATH (Next-Gen Automation)
3. $CRWD (Cyber-risk)
4. $ZS & $NET (Trust Architecture)

We're still in early innings!
McKinsey Tech Trends Index:

Mapping based on some of these technology maturities and industry/corporate adoption.

The next decade of technological progress will be mind-blowing.

See excerpts from the report below o
By 2022, 70% of companies will employ hybrid or multicloud-management technologies, tools, & processes, which are the hallmarks of distributed IT infrastructures.
Read 8 tweets

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