Updating Our Potential Checkpoints With Apple Keynote Looming

After Friday’s market sell-off, ahead of Apple’s ($AAPL) WWDC Keynote later on Monday afternoon and the back-to-back May inflation reports on Tuesday and Wednesday, we’re dusting off some potential pickup points for several Portfolio holdings.

The keyword being “potential,” as we will also want to keep an eye on developments between the U.S. and Iran, and any other developments that may emerge. Should developments necessitate a change to our thinking, we will be sure to inform Pro members. 

When you look at the below for the First Trust Nasdaq Cybersecurity ETF ($CIBR) and Marvell ($MRVL) shares, we are in the process of revisiting those price targets. Stay tuned for more on that front. About our AAPL target, let’s see what Monday’s WWDC Keynote brings.

And a quick reminder that we have swapped “panic point” for “checkpoint,” as it fits better with the intended use. We are aware that the Portfolio table still shows “panic point,” and we are working to remedy that ASAP. 

With that in mind:

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At the time of publication, TheStreet Pro Portfolio was long AAPL, CIBR and MRVL.

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Posted by Chris Versace

With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio. Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.” With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).

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