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Stock impact report

Pernas Research Q1 2026 Investment Letter [Seeking Alpha]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
Markets are no longer worried that AI is overhyped; they are worried it is moving too fast, to the point where it structurally undermines the economics of SaaS. SaaS companies are adaptive, engineering-driven organizations that have already navigated multiple platform shifts—from on-premise to cloud, from desktop to mobile, and from monolithic to API-driven architectures. There are smaller SaaS companies with structural advantages whether through system-of-record positioning, embedded workflows, or privileged data access that are trading at a fraction of their counterparts' valuation. Stock selection alone is not sufficient; you have to be willing to lean in when positions move against you. da-kuk/E+ via Getty Images The Pernas Portfolio was down 6.4% in the first quarter vs. a 4.3% decline in the S&P 500. The year started strong, but we sold off sharply at the onset of the US/Iran war as commodity prices surged and inflation fears took center stage. QTD YTD *ITD Pe Show less Read more
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