Pure Storage

US74624M1027

PSTG

PSTG

Earnings times today (+6h for CEST) ⏰

$NVDA (+3,67 %)

$CRWD (+3,09 %)

$CRM (+5,04 %)

$AFRM (+0,65 %)

$OKTA (+0,66 %)

$FIVE (-2,61 %)

$PSTG (-1,02 %)

$HPQ (+0,45 %)

$NTAP (+0,21 %)

$VEEV (-1,36 %)

$NTNX (+2,34 %)

$VSCO (+3,05 %)

$APLD

$IREN (+0,72 %)

Real-time results & analysis: https://t.me/Aktien_Stammtisch

New addition to the depot: $PSTG (-1,02 %)

And additionally purchased:

$EVO (+0,79 %) (position full for now)

$BTC (-0,51 %) (unfortunately not yet 1 full)

Red prices are a starting signal. The first tranche goes in. I had built up cash for this scenario, even though I have to admit that 2 weeks ago I almost got impatient and wanted to liquidate the first part.

Unfortunately, I was only able to submit my transactions after work and wasn't able to take much of the rebound with me.

I used to look at the charts and think: "If you'd got in X months ago, the share would have hit a real low."

But when lows come, everyone cringes and stands on the sidelines...

For me, the golden question is the rule of thumb: Will the company be in a better position in 10 years' time than it is today? If so, you can start going in.

And for those who are interested in my new addition Pure Storage (I don't think there will be many, because it's a tech stock and not NVIDIA) in a nutshell:

They make very efficient storage solutions for data centers. They are currently still running with old hard disks, expensive and slower. The transition to modern technology is slowly beginning, and Pure Storage offers a complete solution.

My shovel manufacturer, which is supposed to take the money from the hyperscalers.

$

Hi Guys,

once again something to brainstorm about. Some people probably find it difficult to make decisions about various share purchases. Maybe sometimes it's not so important when you buy a stock that you find interesting, but when you don't buy it, when not to buy it. Quasi rational hedging of Fomo purchases. Assuming that there is always a growth and investment thesis and factoring out a few bankruptcies, I make the following 2 assertions. There will definitely be pros and cons here:

Assertion 1:

The 200 DMA is the approximate fair value of a stock. It acts like a magnet, stocks that run far above or below it tend to return to the line sooner or later. (shown in the screenshot in gold)

A share that is well above the 200 level becomes unattractive to buy (although you could continue to hold it). (You could still hold it, however, but a "hold" is not included here). The assertion would thus encourage hasty purchases of e.g. $CMG (+1,05 %)
$DECK (-3,59 %)
$UBER (+1,62 %)
$PSTG (-1,02 %)
$CRWD (+3,09 %)
$AMD (+5,31 %)
$AXON (+1,36 %) that are on my watchlist. What would I do in the case of Chipotle? I would wait until the stock returns to the 200 DMA.

Assertion 2:

Good times to buy are ALWAYS when the Weekly RSI is below 55 (preferably even below 50) and at the same time still below the average line (marked red in the screenshot)

You almost never hit the low when buying anyway. Nevertheless, you would buy your desired stocks close to the lows with a clear conscience and follow a clear line.

Now one or two people might say "but that's obvious". Then I say, it's not that clear. You only have to look at the Getquin timeline. Stocks with an RSI above 60 or 70 and well above the 200s are regularly requested here and considered good buys.

What do you think?

Does anyone act similarly?

Are the claims bullshit?

03.07.2024 +++ Tesla no longer growing so strongly +++ Moderna to develop new vaccine +++ Eli Lilly receives approval for Alzheimer's drug +++ Purchasing Managers' Index in DE, IT, FR and UK today +++

$TSLA (+6,49 %) Tesla's vehicle sales fell again in the second quarter in the face of increasing competition. The company reported sales of 443,956 vehicles worldwide, a decrease of 4.8 percent compared to the same quarter last year. According to Factset, analysts had expected Tesla to deliver only 436,000 units. The US company is no longer growing as fast as in previous years, which underlines the challenges facing the entire industry. Other carmakers have launched dozens of new electric models, but demand has fallen short of initial expectations - despite falling prices and a series of low-interest and leasing offers. CEO Elon Musk is facing his biggest test in years. The Tesla founder wants to spend more money on developing new and more affordable models, while also investing in costly new technologies amid a slowing market for electric cars.

The pharmaceutical manufacturer Moderna $MRNA (-3,36 %) is to develop an mRNA-based vaccine against avian flu for humans. The company has announced that it has been awarded 176 million US dollars by the government. The contract follows an unprecedented outbreak of avian flu in US livestock. So far, 137 dairy herds in a dozen states are known to be infected. Only three known cases of human infection with the H5N1 virus have been reported in the US since the outbreak. However, the authorities are monitoring the situation very closely. Scientists fear a potential pandemic threat. The US government, in collaboration with GSK, Sanofi and CSL Sequirus, has developed its own vaccines that could be used in the event of an H5N1 outbreak. However, production capacity is limited. Moderna is developing a pandemic influenza vaccine candidate called mRNA-1018 and began trials last year. Initial results are expected this year.

Eli Lilly $LLY (+0,39 %) has received US approval for its Alzheimer's drug Kisunla, which will accelerate change in the treatment of this dementia. Kisunla is administered monthly and costs about $12,522 for six months of treatment, $32,000 for 12 months and $48,696 for 18 months. Some patients diagnosed with the disease have taken a pill to alleviate their symptoms. Others ended up in institutions that took care of them once they could no longer look after themselves. With the launch of drugs like Eli Lilly's Kisunla, Alzheimer's treatment promises to slow cognitive decline, albeit modestly.

More company news:

The shares of Tesla $TSLA (+6,49 %) fell 1.6% after sales of electric vehicles manufactured in China fell 24.2% year-on-year in June, data from the China Passenger Car Association showed on Tuesday.

Paramount Global $PARA (-1,16 %) shares rose 3.1% after the New York Times reported that billionaire Barry Diller is considering a takeover bid for the company after the studio he used to run backed out of a merger with Skydance Media.

The shares of Boeing $BA (-0,65 %) fell 0.4% after the Associated Press reported that the U.S. Justice Department is waiting for the planemaker to accept an agreement to settle fraud allegations related to two fatal crashes of its 737 Max planes.

The shares of Carnival $CCL (+2,17 %) fell 1.1% and Norwegian Cruise Line (NYSE:NCLH) shares fell 1.2% as Hurricane Beryl made its way through the Caribbean, potentially impacting cruise operations.

Shares of Polestar $PSNY fell 5% after the electric vehicle maker announced a first-quarter operating loss, adding that it will have to take steps to offset steep EU and U.S. import tariffs on its Chinese-made electric cars.

The shares of Pure Storage $PSTG (-1,02 %) fell 5% after UBS downgraded the company, which develops all-flash data storage hardware and software products, to "sell" from "neutral," citing concerns about slowing growth, declining market share and an overvalued share price.

CrowdStrike $CRWD (+3,09 %) fell 2.5% after Piper Sandler downgraded its stance on the cybersecurity company to "neutral" from "overweight", citing valuation concerns.

Incyte $INCY (+2,13 %) fell 3.1% after BMO Capital Markets downgraded the drugmaker to "underperform" from "market perform", citing concerns that revenue from its key eczema cream Opzelura was likely to be "challenged".

Wednesday: Stock market dates, economic data, quarterly figures

Shortened trading hours US bond market (until 8 pm), US stock market (until 7 pm)

ex-dividend of individual stocks

Bank of Nova Scotia CAD 1.06

Quarterly figures / company dates Europe

07:00 Grenke new business 2Q

10:00 Voestalpine AGM

11:00 Krones AG Capital Markets Day

Economic data

• 09:45 IT: Purchasing Managers' Index/PMI non-manufacturing June FORECAST: 53.7 previous: 54.2
• 09:50 FR: Purchasing Managers' Index/PMI non-manufacturing (2nd release) June PROGNOSE: 48.8 1st release: 48.8 previous: 49.3 Total Purchasing Managers' Index (2nd release) FORECAST: 48.2 1st release: 48.2 previous: 48.9
• 09:55 DE: Purchasing Managers' Index/PMI non-manufacturing (2nd release) June PROGNOSE: 53.5 1st release: 53.5 previous: 54.2 Total Purchasing Managers' Index (2nd release) PROGNOSE: 50.6 1st release: 50.6 previous: 52.4
• 10:00 EU: Purchasing Managers' Index/PMI non-manufacturing euro area (2nd release) June PROGNOSE: 52.6 1st release: 52.6 previous: 53.2 Total Purchasing Managers' Index (2nd release) PROGNOSE: 50.8 1st release: 50.8 previous: 52.2
• 10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (2nd release) June OUTLOOK: 51.2 1st release: 51.2 previous: 52.9
• 11:00 EU: Producer Prices May Eurozone Forecast: +0.1% yoy/-4.0% yoy Previous: -1.0% yoy/-5.7% yoy
• 14:15 US: ADP Labor Market Report June Private Sector Employment PROGNOSIS: +160,000 jobs previously: +152,000 jobs
• 14:30 US: Initial Jobless Claims (week) FORECAST: 233,000 Previous: 233,000
• 14:30 US: Trade Balance May FORECAST: -76.30 bn USD previously: -74.56 bn USD
• 15:45 US: Purchasing Managers' Index/PMI Services (2nd release) June Forecast: 55.1 1st release: 55.1 Previous: 54.8
• 16:00 US: Industrial New Orders May PROGNOSE: +0.3% yoy previous: +0.7% yoy
• 16:00 US: ISM Non-Manufacturing Index June FORECAST: 52.8 points previous: 53.8 points
• 16:30 US: EIA oil report (week)
• 19:00 US: US stock market closes (shortened trading session)
• 20:00 US: Minutes of the FOMC meeting June 11/12
• 20:00 US: US bond market closes (abbreviated trading)

First purchase - Pure Storage $PSTG (-1,02 %)

With the new addition to my portfolio, I supplemented the current positions of $IBM (-1,49 %) IBM and $MU (+1,6 %) Micron Technology

1. company description

Pure Storage is a US company specializing in the development and sale of flash storage solutions for companies.

The company was founded in 2009 and is headquartered in Mountain View, California. Pure Storage offers a wide range of flash storage products, including all-flash arrays, flash NAS and flash SAN solutions.

Pure Storage's products are known for their high performance, reliability and scalability. The company serves customers in a variety of industries, including technology, financial services, healthcare and retail.

2. largest and most important customers

Pure Storage serves customers in a variety of industries. Pure Storage's most important customers include:

Amazon

Microsoft

Google

Facebook

Citigroup

JP Morgan Chase

Bank of America

UnitedHealth Group

CVS Health

Walmart

Target

3. competitors and market leaders

Pure Storage is one of the leading providers of flash storage solutions for companies. The company's main competitors include:

Dell Technologies

NetApp

HPE

IBM

Huawei

Micron

Samsung

The market for flash storage solutions is growing rapidly and is expected to continue to grow in the coming years. Pure Storage is well positioned to benefit from this growth thanks to its strong market position, innovative products and experienced management team.

4. vision for the future

Pure Storage's vision is to revolutionize the way companies store and manage data.

The company aims to achieve this by developing innovative flash storage solutions that are faster, more reliable and more scalable than anything on the market to date.

Pure Storage also wants to help its customers make better use of their data by providing them with tools and solutions to analyze and visualize their data.

5 Key innovations include

1. All-flash arraysPure Storage was one of the first vendors to bring all-flash arrays to market, offering significantly higher performance and reliability compared to traditional hard disk arrays.

2. Evergreen StorageWith Evergreen Storage, Pure Storage offers a subscription model that gives customers access to the latest flash technologies without having to upgrade their hardware.

3. Purity Operating SystemThe Purity Operating System is a software-defined storage platform that enables organizations to easily manage and scale their storage resources.

4. FlashBladeFlashBlade is an object-oriented storage platform optimized for storing unstructured data such as images, videos and documents.

5. DirectMemoryDirectMemory is a new category of memory that combines the performance of DRAM with the capacity of flash memory.

6. AI-powered data insightsPure Storage offers AI-powered tools to help organizations better understand and leverage their data.

7. Cloud integrationPure Storage offers solutions that enable the integration of flash storage with public, private and hybrid clouds.