We Are Lifting Panic Points for 5 Portfolio Holdings
Portfolio discipline means lifting panic points for these five tech positions as we near the end of the quarter.
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As we near the end of the quarter and put the recent wave of investor conferences behind us, we are updating our table of consensus calendar EPS expectations for our portfolio holdings. You can see those updates in the table below, which also includes updated consensus EPS forecasts for the S&P 500.
In collecting these latest figures, we are reviewing the quarterly breakdowns, sizing up expected 2H 2024 EPS for each holding against those for 1H 2024 and 2H 2023. Once we’ve finished our analysis, we’ll review our findings with you in a portfolio alert, making any needed price target and rating changes.
Panic Point Adjustments
Following the strong quarter-to-date moves in several holdings, including Apple AAPL, Applied Materials AMAT, Alphabet GOOGL, Qualcomm QCOM, Universal Display OLED and others, we are also making some panic point adjustments.
- AAPL: Our panic point is lifted to $175 from $155
- AMAT: We are lifting this panic point to $195 from $180
- Costco COST: Our new panic point is set at $725, up from $675
- Microsoft MSFT: We are boosting this panic point to $380 from $350
- Nvidia NVDA: The almost 40% move QTD in the shares is prompting us to put our panic point at $100, up from $87.50
- OLED: Much the same, the almost 25% move in OLED shares is forcing us to lift our panic point to $170 from $145
At the time of publication, TheStreet Pro Portfolio was long AAPL, AMAT, GOOGL, QCOM, OLED, COST and MSFT.
