XITK News and Press, SPDR FactSet Innovative Technology From 06/06/22

Upstart was savaged (+50%) after their Q1 earnings call, falling disproportionately relative to a moderation in revenue growth and a  contraction in profit margins forecast for the rest of 2022. The Market's stern response can be attributed to three main factors: first, Upstart's...

In China, a tightening of the credit cycle led to a major reset in the valuations of big tech stocks in the country. Big tech stocks in the US also now face a major regulatory crackdown of their own, both here and in Europe. The lesson that might be gleaned from China’s exp...

Coupa recently reported a strong Q4 with revenue coming in above expectations and margins improving yoy. FY23 guidance was disappointing with revenue growth of just 15-16% and operating margins of 3-4%. Valuation is still at a premium around 7.5x forward revenue, though revenue de...

Despite these turbulent global markets, we can identify several clear positives across the thematic space. As a result, we believe that it may be a good time for investors to seek exposure to these themes at the dip while keeping their focus on the long-term drivers. As this econo...

The war in Ukraine clearly triggered the spike in oil prices and in agricultural prices as well. Inflation, interest rates and Fed policy are linked. Similarly, supply chain disruptions, the slowdown in China, and big-tech reversals are all Covid-related. The bottom line right now...

Palantir's stock got hammered to an all-time low following its latest earnings announcement. However, it seems that many positive developments got overlooked. Also, the company's valuation came down to just five times forward sales in the latest leg of the correction. Palantir...

Digital Turbine's stock price has come down a lot, while at the same time the company is solidifying its position and absorbing its acquisitions. SingleTap especially has only scratched the surface of its $100B total addressable market ("TAM") and is growing at 600%. There are ris...

AppLovin went public in April 2021, raising around $2 billion in an IPO. The firm provides mobile application developers with a suite of tools to improve discovery and monetization of their apps. APP is projected to grow its high-margin software business significantly in 2022, and...

Palantir stock continues to get beaten down, though it is up off the lows from earlier this months. The company is still growing at an impressive clip though the outlook has gotten murky. A big economic slowdown could hurt government and commercial spending. There are three po...

Alkami Technology went public in April 2021, raising approximately $180 million in an IPO. The firm provides SaaS software solutions to U.S. financial institutions. ALKT has grown revenue impressively, but at the price of worsening operating losses, a distinct negative in the curr...