Tracking 39 Fresh Portfolio Signals Across 10 Investing Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
Weekly Roundup: The AI Trade Got Smacked. We’re Following the Data, Not the Fear
We put capital to work in two holdings, exited another and bumped up our price target for a long-time position.
We’re Lifting Our Apple Price Target as Duo Immediately Sells Out
Pre-orders for Apple’s iPhone Duo extend out to late January, suggesting a favorable production mix shift.
Questionable Management Change Prompts Our Exit From This Position
The change does not alleviate content slate questions, and raises subscription and advertising concerns.
Warsh Remains Tight Lipped and the Market Likes That: 8 Key Items Shaping the Stock Market Friday
Netflix exec choice raises more questions, Anthropic’s shifting IPO valuation, and other headlines moving the market this morning.
Happy Trails
Alright my friends, once again thanks for letting me share my thoughts and musings in the Diary and a big salute the editors who help make it look easy.
Your regular ringmaster, Dougie Kass, is back tomorrow and I suspect that following developments in the last 24 hours, he’ll have a lot to say and ample wisdom to share.
See you around these parts down the road.
CV
Position: None
Earnings to Come Thursday Afternoon and Friday AM
Following its mid-September warning that rising fuel and driver-related costs would pressure near-term profitability, I’ll be very interested in what JB Hunt ($JBHT) has to say about those pressures as it issues its guidance for the current quarter.
While diesel prices have ebbed lower from their September 22 high of $6.5276 per gallon per data from AAA, the current average price of $6.3173 is still up significantly compared to $3.65 this time last year.
I’ll also be interested in what JB Hunt has to say about capex spending for its truck fleet, especially given the forthcoming EPA emission mandate that will increase the cost per truck.
Position: None
Things We Did Today
TheStreet Pro Portfolio picked up more shares of Applied Materials ($AMAT) and then a short while ago we did the same with Axon ($AXON). We also cleaned up the Portfolio’s Bullpen, adding three new positions and kicked four to the curb.
Position: TheStreet Pro Portfolio is long AMAT and AXON
Rounding Out Our Position in These Shares
Fresh Federal program wins build on recent public safety ones
File This Under Hmmm
The National Retail Federation (NRF) now sees U.S. holiday sales growth accelerating to 4.2% this year. Sales during November and December are projected to rise 4.2% to $1.013 trillion, compared with a 3.1% increase to $972 billion last year.
NRF expects retailers to hire between 325,000 and 375,000 seasonal workers, in line with last year’s estimated 356,000 seasonal jobs.
Position: None