With the market surging today, 20 positions under coverage and five more coming tomorrow, we’re going to take advantage of the opportunity to trim a few positions.
Arco Platform (ARCE) is moved to sell. The stock is trading right near our entry point and we’ve been holding it for seven months. It’s time to move on. SELL
Endava (DAVA) specializes in professional services, mainly around digital transformation. It has a lot of exposure to the financial services segment of the market, but also does work with insurance, retail, healthcare and media markets. It’s likely that the business has been quite disrupted by the pandemic and will continue to be so for the coming months. That doesn’t make it a bad long-term holding, but we have other positions working better right now. SELL