Kim Bolton

Year of the chip. Yes, and the other side of the coin saw SaaS really getting hurt. Quite the roller coaster. SaaS includes TWLO or MNDY, "smaller" cap, but their valuations got very stretched at the beginning of the year, and then pulled back as interest rates started to go up. Rising interest rates will contract the valuations for the smaller- to mid-cap companies. On the growth side, they're extremely strong. There's just a rationalization in the market, and it's not letting up.

Global payments sector. Global payments segment got caught up in supply chain issues as government fiscal stimulus started to roll off. PYPL is a gem, as is SQ, that has come off but is very profitable.

Outlook for 2022. There are some opportunities going into 2022. S&P is up 26-27% on the year. Epitome of growth, ARKK Innovation, is down 22%. Going into 2022, market volatility won't let up. 5-week streak of +/- 2% moves. That's amazing. The last time this happened was October 2011 and March 2009. It's nothing like those times, or even the dot.com bubble. But it's certainly volatile, and we're bound to have more going into 2022.

It's now around $272, but you can probably get it a bit cheaper. Try closer to $250. Massive company. Accounting and financial processes, human resources. 12-month price target of $347.

CTS vs. ASAN Go with ASAN, it's the cutting edge company out there for collaboration and work management. These days, go with the larger companies. ASAN's market cap is only 13B, but it has heavy hitters at the top. His 12-month price target is $103.40.

ASAN vs. CTS Go with ASAN, it's the cutting edge company out there for collaboration and work management. ASAN's market cap is only 13B, but it has heavy hitters at the top. 12-month price target of $103.40.

Project management software names. Go with ASAN, it's the cutting edge company out there for collaboration and work management. You could also look at SMAR or TEAM. These days, go with the larger companies. ASAN's market cap is only 13B, but it has heavy hitters at the top, and he has a 12-month price target of $103.40.

Great company. Not in his fund, but clients have it in separately managed accounts. Take a bit of profit, but maintain a core holding. 12-month price target of $183. Virtual reality headsets will be what it's all about, and the software that feeds into them.

Sort of Star Trek, beaming images. Perfected the technology. He follows it. It comes in fits and starts. Potential acquisition. Stock price is stuck. Still loves the company. Was invested, but not now.

Follows it, but it's a bit small for his concentrated portfolio.

Really interesting company. Follows it. Pure play in the metaverse. Lets developers come in and build virtual reality platforms. Also helps monetize apps. Monetization will happen sooner elsewhere. His choice in the metaverse space is MSFT.

12-month price target of $4250. Treading water. Has been in his top 5 holdings for a while. Especially with the volatility, investors gravitate toward the large caps. Sometime in 2022, it should get down to $3200-3250. It should not go below $3042, which is a big support level.

(A Top Pick Dec 23/20, Down 5%) The leader in 5G growth. 3 players in 5G, and between NOKIA and ERIC, he chooses ERIC. A big deal for telcos to drive revenue growth. 12-month price target of $14.75. Buy in thirds here at $10.95, 10.50, and 10.

(A Top Pick Dec 23/20, Down 56%) Down on regulatory crackdown. Sold everything Chinese in his fund. Still owned in individual accounts. If you have it, worth holding. Buy in thirds here at $113, 110, and some at 104. Long runway. (Analysts’ price target is $194.00)

(A Top Pick Dec 23/20, Up 56%) Trading at 36x forward earnings. 12-month price target of $383. Everything is working. Wait to buy in 2022 around $325. Big support level is $310.