1H22 Obex Research Long Portfolio
Equity Bottom-Up214 Views, 10 Jan 2022 06:43
EXECUTIVE SUMMARY
- With half of Nasdaq stocks down 50% from the top, is further meltdown ahead? Valuation compression is already larger than recent big growth selloffs.
- We like a balance of highest quality high growth (CRWD, SNOW, RBLX) and attractive relative valuations (PANW, NOW, BABA)
- Amazon is poised for a big 2022 as 1 day Prime shipping reaccelerates growth, and price increases hike profits.