Kim Bolton, president and portfolio manager of Black Swan Dexteritas

FOCUS: Technology stocks

MARKET OUTLOOK:

While the market assesses the next fundamental catalyst or technical signal, your BSD portfolio management team will continue to trim those securities that are achieving their respective intrinsic values and buy those stocks that exhibit longer, more lucrative investment runways. The hedging overlay will always be an important tool to protect your capital in bearish markets, and also an important tool to be “dialled-down” in bullish markets.

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TOP PICKS

Oracle Corporation (ORCL NYSE)

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support and education services.

Lam Research (LRCX NASD)

Lam Research Corporation specializes in designing, manufacturing, marketing, refurbishing and servicing semiconductor processing equipment essential for integrated circuit fabrication. The company plays a crucial role in advancing semiconductor technology, contributing to the development and improvement of integrated circuits used in various electronics. The company’s extensive portfolio includes equipment for deposition, etching, and cleaning processes, ensuring comprehensive solutions for semiconductor manufacturing. The company offers a diverse range of products such as ALTUS, SABRE, SOLA, and VECTOR, each serving specific functions like depositing conformal films, copper damascene manufacturing, and film treatments.

Atlassian Corporation (TEAM NASD)

TEAM is a software company that provides solutions to enhance productivity within technical and business teams. The company’s product offerings can be broadly divided into thee areas: project management and support, collaboration, and software development lifecycle tools. Importantly, TEAM's tools do not solve specific technical problems, but rather help teams work more closely together. They have had excellent traction among developer teams, the company’s primary market. Meanwhile, IT support teams also represent a fast-growing opportunity, and TEAM has begun selling into business teams (i.e. outside of tech) as well.