Ringing in the new year, the Baseline Team has once again gone to work to uncover 5 BIG IDEAS for 2020. Last year we hit some massive HR’s with Coupa up over 150%, The Trade Desk up over 125% and IQ up over 40%. We invite you to follow along throughout the year to see how these companies are performing by checking back to our Blog to capture up to date pricing of these companies.
The “Cost” column represents starting pricing as of this article. The “Quote” column represents current live (during market hours) pricing. The “Change” column represents the change in the companies pricing in relation to the “Cost” pricing.
The stock has been resilient despite buckets of bad news. The reason….Boeing’s only competition is Airbus, and airlines can wait years for plane orders, so those companies waiting for planes from Boeing aren’t likely to cancel those orders and go to the back of the line at Airbus. Further, Boeing’s importance to the job market, industrial complex and the economy in general cannot be understated, so there will be motivation to get this company trending in the right direction. Once the Max gets back in the air, and it will, Boeing stock will begin its rebound.
The Trade Desk
It was on the list last year and returned a nice 140% profit. They’re expanding and growing into China and global markets which should provide more lift for the stock. It’s a high beta play so not for the faint of heart, but has been on a tear once again to start the year.
DocuSign is everywhere these days, and electronic document signing is in full force. Buy a car on Carvana, you’re signing with DocuSign. Open a brokerage account and you’re signing with DocuSign. Any type of paper document that needs to be signed electronically is done via DocuSign. The company is positioned inside and is working with most of the Fortune 500 companies. Rumored to be a buyout candidate at some point, it has had a nice steady arc upward since its IPO.
Not sure many people know what Splunk does, but yes it’s a silicon valley software company. Their software is used for monitoring, searching, analyzing and visualizing machine generated data in real time. Data is the new Oil, and Splunk is well positioned in the heart of the modern oil field, with 92 of the Fortune 100 as clients.
Why does Facebook want to have a banking type business, it’s not because they want to make transaction based fees and interest on deposits, it’s because they want to use the purchase data. Cardlytics has relationships with banks, which allows them to mine your debit card data. It provides its customers with actual purchase data from your debit card, so as Cardlytics puts it, their data will allow you to understand where your customers are spending when they’re not spending with you. Can you imagine the endless possibilities here?
Disclosure: We own DOCU, SPLK, BA, CDLX and TTD in client accounts we professionally manage. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation. Past performance is not always indicative of future returns.