Update from the field: bought 2, sold 4
A lot of action in the past week, simplifying my portfolio by dropping 4 tickers (AMZON, FRPT, FSLY, CRM) and adding to 2 (VEEV, CHGG). Here is why.
Chegg (CHGG): buying the dip
Chegg Inc had ๐๐ช๐๐ ๐ฅ๐ค๐จ๐ฉ-๐๐๐ง๐ฃ๐๐ฃ๐๐จ ๐ง๐๐๐๐ฉ๐๐ค๐ฃ (๐๐ค๐ฌ๐ฃ -๐ณ๐ฏ% ๐๐ง๐ค๐ข ๐ฑ๐ฎ๐ฌ ๐๐๐๐). I own a few shares so what happened?
๐๐๐ ๐๐ค๐ค๐ - Strong brand, market leadership, recurring rev., optionality (starting international expansion, expanding its professional skills services, and enough cash to shopโฆ