VIDEO: Closing Out 2024, a Great Year for the Portfolio
Entering 2025, we see CES 2025 as a potential catalyst for multiple portfolio holdings.
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In our final Daily Rundown for 2024, Chris Versace reviews some of TheStreet Pro Portfolio's recent Alerts, including today’s price target increase for the First Trust Nasdaq Cybersecurity ETF CIBR.
We also recap a very positive article that touches on how Marvell Technology MRVL shares are a beneficiary of AI adoption and the data center build-out.
Chris closes today’s video wishing you the best as we start the new year and explains why next week’s CES 2025 should be a catalyst for several portfolio holdings.
Transcript
CHRIS VERSACE: Hey, folks. Chris Versace here. We are coming to a close with 2024. That's right. Today is Tuesday, December 31, better known to you and me as the final trading day of the year.
It has been a very good year for the market and a very nice one for the Pro Portfolio as well. We've had our ups, we've had our downs over the last 12 months. But when you look at the holdings table for the Pro Portfolio page, you'll see that it was more than simply a net positive for our holdings.
Now, I hope that you have read the alert that we shared Monday afternoon. In it, we discussed some of the things that we've done right over the last year. We've also talked about how we've expanded the portfolio and the services that we tend to associate with it. And we teased that we have some additional plans as well for the coming year, which we'll be sharing with you in the coming weeks and months ahead.
But rest assured, we will stick to our knitting when it comes to the portfolio, continuing to follow the data, utilize our thematics, but, of course, remaining prudent investors along the way. We will have an alert out this afternoon in which we'll revisit some of the things that we could have done better in 2024. And yes, we will aim to use those learnings and put them to good use in the coming year.
Now, before we get to some final tidbits of the year regarding our holdings in the portfolio, I wanted to say thank you to, well, you. Thank you for putting your time, your effort, and your faith into what we're doing with the Pro Portfolio. I know at times it can be smooth sailing. Others, it can be more than a bit chaotic, at times even frenetic. But rest assured that we will continue to aim to guide you through both the good times and the bad. Hopefully, more good ones than bad. So thank you for a great 2024, and I look forward to sharing 2025 with you.
Now, let's close out with some portfolio tidbits. We'll kick off with our price target increase for the shares of the first trust NASDAQ cybersecurity ETF, better known to you and I as Cyber. We boosted that price target following the revelation that the US Treasury was hacked. Candidly, folks, it doesn't get any bigger than this. And in our view, this should serve as a wake-up call for folks about the increasing pervasiveness of cyber attacks and the need to defend against them.
If you haven't read the alert, please do, because in it, we discuss not only how we're directly positioned with Cyber shares, but also how we're indirectly positioned with several other holdings in the portfolio. We also lay out what it will take for us to reconsider our 2 rating on Cyber shares.
Moving on. Barron's has a very nice piece out today titled, quote, "Networking Companies Ride the AI Wave. It isn't just NVIDIA." There is a great quote inside this article from NVIDIA's networking chief Gilad Shainer. Quote, "The network is the most important element because it determines the way the data center will behave."
Now, we can add other quotes that we've shared with you from Larry Ellison at Oracle and several others about the importance of the network as it relates to not only the data center and data center build out, but also its role in AI and AI adoption. So we see this Barron's article. Yes, it has some very nice words for NVIDIA position in the portfolio, but it really, really is supportive for the position we have in Marvell and the underlying thesis.
It also kind of reconfirms, if you will, our thought process that as AI adoption continues in the enterprise and with consumers, that we are going to see incremental spending on the network. That bodes well, extremely well in my opinion, for Marvell's non-AI, non-data center business that we've been talking about. And the expectation is that we'll ramp up in the coming quarters. And I think that it's going to work out very nicely for Marvell shares.
I do expect to hear a lot more about AI data center, smartphone, AI PCs, AI adoption, and all of that next week. And I say that because on January 7, Tuesday, CES 2025 will kick off. And I think it's going to be a nice positive for a number of positions in the portfolio. But as it relates to the usual announcement wave of smartphones and other connected devices, I think it's going to be extremely positive for our shares of Qualcomm and our shares of Universal Display.
And with that, my friends, I will leave you to ring in the new year. Wishing you a happy, healthy start to 2025. I'll see you Thursday, January 2.
At the time of publication, TheStreet Pro Portfolio was long CIBR and MRVL.
