5 Buys | DDOG + MSFT Partner | SNOW + AWS Partner | RTX Radar Contract | UPST | ZM | NOW | HUBS

Happy Saturday,

I hope you set aside time this week to take care of your mind, your body, and your money.

As a reminder, I started the $10k to $1M portfolio on February 15th, 2022. The goal is to grow $10k to $10M from 2022 - 2032 (including contributions. This is not a stock recommendation service. The key value for paying subscribers is the deep dives, live calls, and paid-only comment section. But since I share my opinions on stocks publicly, I believe it’s important to show whether I have skin in the game or not and share my performance.

The $10k to $1M portfolio’s current value is $20,364. It’s up $1,374 or 10.65% since inception: February 15, 2022.

Housekeeping:

• This month’s deep dive on Snowflake (SNOW) will be sent to paid subscribers Wednesday. SNOW has the potential to be one of the most important companies of the next decade so I think it’s worth a deep dive.

• Our first member-only live call will be Thursday, April 7th from 11:30am - 12:30pm EST. I’ll be sending an invite link to paid subscribers on Monday.

• All subscribers can now comment on free posts. I’d love to hear your reflections for the week and questions about the weekly news post. Every Saturday I’ll ask a question that I’m pondering to get the discussion started.

• This week’s question: What would make you invest exclusively in dividend growth stocks or even a dividend growth ETF like SCHD? Right now, I feel like I have a good opportunity to scoop up shares of high-growth stocks but going all-in on dividend growth stocks is certainly an interesting (and probably less stressful) idea. Would love to hear your thoughts in the comments:

This Week’s News

• This week I made 5 purchases in the $10k to $1M portfolio. I added to Snowflake (SNOW), Mercadolibre (MELI), and Advance Auto Parts (AAP) and started a new crypto bucket with GBTC and ETHE. These are not “buy” recommendations for anyone else. I shared my rationale for buying what I did in Thursday’s post (link)

• DDOG: Datadog Partners with Microsoft for the Azure Cloud Adoption Framework “Backed by the framework—which provides organizations migrating to Azure with recommended tools, best practices and documentation—Azure customers can now leverage Datadog's monitoring and security capabilities to accelerate their adoption of the cloud with confidence.”

• SNOW: Snowflake Extends Relationship with AWS to Improve Demand Forecasting and Delivery for the Consumer Packaged Goods Industry: “Snowflake announced an extension of its relationship with Amazon Web Services (AWS), to improve demand forecasting and delivery for the retail and consumer packaged goods (CPG) industries. This latest development will offer customers the ability to receive Amazon purchase order (PO) data and leverage product demand forecast data generated by Amazon Forecast within Snowflake’s Retail Data Cloud.”

• RTX: Raytheon Missiles & Defense awarded $651 million to produce SPY-6 radars for next-gen US Navy ships: “Raytheon (RTX) Missiles & Defense, a Raytheon Technologies business, was awarded a $651 million, with options totaling $2.5 billion, hardware, production and sustainment contract for full-rate production of the AN/SPY-6(V) Family of Radars. The contract, with options, totals $3.2 billion and five years of radar production to equip up to 31 U.S. Navy ships with SPY-6 radars.”

• UPST: Red Rocks Credit Union Selects Upstart for Personal Lending: “Red Rocks Credit Union, a not-for-profit financial cooperative in Colorado with more than 16,000 members and $360 million in assets, today announced that it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, to provide personal loans to better reach and serve more members.”

• NOW: ServiceNow Secures U.S. Department of Defense Impact Level-5 Provisional Authorization: “ServiceNow National Security Cloud (NSC) offering obtained a U.S. Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization. This makes the ServiceNow NSC one of the few software‑as‑a‑service and platform‑as‑a‑service (SaaS/PaaS) offerings built and authorized to meet the rigorous Department of Defense Cloud Computing Security Requirements Guide at Impact Level 5.”

• HUBS: HubSpot Sales Hub Named #1 CRM in G2’s Spring 2022 CRM Grid: Hubspot’s Sales Hub product has been named the best CRM software in G2’s Spring 2022 CRM Grid Report, gaining high marks for customer satisfaction and likeliness to recommend. Sales Hub also scored highest on the Spring 2022 CRM Enterprise Usability Index. The reports are based on feedback from real users on G2, the world’s leading business solutions review website.

Top 3: The best of what I read/watched

• Exponential View with Azeem Azhar: How to Make Nuclear Energy Safe

• Invest Like the Best with David Rubinstein: Life, Leadership, and LBOs

• The Browser (with Brendan Eich, Chief Architect of Netscape + Mozilla and CEO of Brave)

Thank You

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