An ASX stock might head up or down in a particular month, but that shouldn't matter for buy-and-hold investors.
That's because those folks should only care whether the business possesses long-term tailwinds.
The latest ECP Growth Companies Fund memo to clients showed a great example of this.
The analysts there described how one ASX share tumbled and another shot up during June, but how they are bullish on both.
Product validated by a major customer signing
The FINEOS Corporation Holdings PLC (ASX: FCL) share price climbed a spectacular 28.3% last month after it added a major client for its enterprise software.
"Fineos Corporation outperformed during June following a landmark deal signed with Guardian Life — a major US life insurer — to adopt the full-suite of Fineos software modules across a portion of its group business."
The deal is not just a financial boost but does wonders for product promotion.
"It validates [tha] Fineos' end-to-end platform solutions [are] ready for market," read the memo.
"We expect a successful implementation will increase its chances of winning similar major deals across the North American life insurance market, as enterprise peers traditionally follow 'safe bets' when making major systems changes."
A number of other professionals agree that Fineos is a decent long-term add.
According to CMC Markets, five out of seven analysts currently believe the tech stock is a buy.
Sticking to a winning strategy
Corporate Travel Management Ltd (ASX: CTD) shares saw much different fortunes over June, tumbling 13.7%.
The ECP analysts blamed this on "concerns around global corporate travel volumes".
"On a positive note, the company recently announced they had been successful in winning a large UK government contract," read the memo.
"They also retained the Whole of Australian Government (WoAG), a contract that came to them with the HLO Corporate acquisition."
The company has deliberately focused on small and medium clients in North America while consolidating the existing Australian and European businesses.
The ECP team feels like this strategy is "working well".
"With guidance for FY23 reaffirmed and FY24 still achievable, we think Corporate Travel Management offers a good medium to longer-term growth story," read its memo.
"The focus now is all about execution and driving overall margins as more business moves online."
A commanding 10 out of 16 analysts currently rate Corporate Travel share as a buy on the CMC Markets broking platform.
