New Panic Points for Palantir, Apple, Nvidia Along With Our Updated Table of Metrics

As we move past the recent wave of investor conferences and get ready for the approaching September-quarter earnings season, we sharing an updated table of Pro Portfolio metrics. This includes an updated set of consensus EPS expectations, potential pick-up points, relative strength index (RSI) levels, and beta figures for each of the Pro Portfolio’s holdings.

We are also making the following adjustments to panic points:

Apple AAPL goes to $205 from $180.

Alphabet GOOGL to $190 from $155. Given the deep overbought condition in GOOGL shares, we are keeping our panic point on the wider side.

Nvidia NVDA to $140 from $130.

Palantir PLTR to $145 from $140.

United Rentals URI to $740 from $680.

A Word on Apple and Alphabet Price Targets

In today’s Portfolio video, we shared our plans to revisit our Apple price target as we have a better sense of demand for the company’s new iPhone 17 lineup. BofA reports its tracking of iPhone ship dates indicates that a ship time as of September 22 measured in days for the iPhone 17 is 18 days, more extended compared to last year's iPhone 16 at 10 days. Lead times for the iPhone 17 Pro and Pro Max models are roughly similar compared to last year at this point in the pre-order cycle.

The other price target that we will be revisiting is for Alphabet shares. The September month-to-date surge, which led us to ring the register twice and has the stock deep in an overbought condition, has pushed them past our $250 target. We will soon get September search engine market share data, which will be a factor in our thinking, but it is clear that the company continues to benefit from its monetization of YouTube and Google Cloud adoption.

About Those RSI Levels

In recent days, we’ve commented on the overbought conditions (RSI > 70) of the S&P 500 as well as those for the shares of Alphabet and Morgan Stanley MS — hence our recent profit taking. To that list, we can now add shares of Apple, American Express AXP, and Bank of America BAC.

While not as extended as GOOGL or MS shares, we cannot recommend committing fresh capital to these positions, which jives with the Two ratings on those shares. We will continue to monitor their RSI levels, and if prudent action is warranted, we may elect to repeat our recent move in GOOGL and MS shares — a modest register ringing but one with big gains for the Pro Portfolio.

Our Ratings on Dutch Bros and Waste Management

As you can see in the table below or in the Portfolio’s Holdings page on TheStreet Pro, we currently have Two ratings on the shares of Dutch Bros BROS and Waste Management WM. However, with the pullback in both stocks, the upside to our price targets and current RSI figures, as well as double-digit growth EPS prospects in the coming quarters, we’re mulling over those ratings. Stay tuned.

More Pro Portfolio:

At the time of publication, TheStreet Pro Portfolio was long AAPL, GOOGL, NVDA, PLTR, MS, BAC, AXP BROS, WM and URI.