heikoscreens
Oct 2, 4:45 PM
$ACN day-two check on yesterday's post. After the ~20% pop on record bookings, it's giving some back: ~201.70, about -5% on my screener (12:27 ET). The IT-services names that rode along are fading too:
$CNXC -7.9%,
$EPAM -4.2%,
$DXC -3.8%.
What hasn't changed: the momentum buy that flipped on yesterday is still active, and the stock is still ~29% below its 285 high, 1Y about -15%.
The part I keep coming back to: organic growth is still only ~3%, and management said the macro for discretionary consulting spend hasn't meaningfully changed. Bookings are a promise, revenue is the proof.
No position. Normal digestion after a 20% day, or the market re-reading the call?
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