Norton showed up on my radar on Monday (07 Feb 22)
The moment I saw "Packaged Software" and "Technology Service", my first thought was "I'm staying the hell away from this"
And then it shows up on my radar again today. The only difference is, it is now 9% higher in price.
But that was not what caught my attention. If you look at the price action from Nov 2021 where Tech Counters peaked, to the end Jan 22 where everything crashes, Norton seems to be its own world.
Only then did I realize Norton has a 1 year Beta of 0.40! A rare find in today's Tech centric stock market where every tech counters have a beta higher than 1.
This is important because it fit the role of a... "Defensive" tech. if there's ever such a theme.
3Q result looks promising with very modest forward guidance of 10% YoY Growth. It is one of those counters that underpromise and overdeliver, which kind of prevent crazy up and down price movement.
Norton would fit a very unique role of low beta, less volatile, long tech position in your overall portfolio. Norton (Low beta mid-cap Tech) could go alongside Apple/Microsoft/Google (the higher beta mega-cap Tech).
Unfortunately, prices have gone up by quite a bit. We can wait for a short retracement for a better entry.
If you're FOMO, you can consider separating your position into two parts; one part to enter at the current price, the second part to enter at a retracement.
The moment I saw "Packaged Software" and "Technology Service", my first thought was "I'm staying the hell away from this"
And then it shows up on my radar again today. The only difference is, it is now 9% higher in price.
But that was not what caught my attention. If you look at the price action from Nov 2021 where Tech Counters peaked, to the end Jan 22 where everything crashes, Norton seems to be its own world.
Only then did I realize Norton has a 1 year Beta of 0.40! A rare find in today's Tech centric stock market where every tech counters have a beta higher than 1.
This is important because it fit the role of a... "Defensive" tech. if there's ever such a theme.
3Q result looks promising with very modest forward guidance of 10% YoY Growth. It is one of those counters that underpromise and overdeliver, which kind of prevent crazy up and down price movement.
Norton would fit a very unique role of low beta, less volatile, long tech position in your overall portfolio. Norton (Low beta mid-cap Tech) could go alongside Apple/Microsoft/Google (the higher beta mega-cap Tech).
Unfortunately, prices have gone up by quite a bit. We can wait for a short retracement for a better entry.
If you're FOMO, you can consider separating your position into two parts; one part to enter at the current price, the second part to enter at a retracement.