Updating Our Table of Earnings Expectations, Panic and Pickup Points
Here's what we’re watching for Microsoft and four other Portfolio holdings.
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As we move one step deeper into the new year, and past the recent holidays, we’re sharing an updated table for the Pro Portfolio’s holdings, with refreshed consensus EPS figures, panic and pickup points. We’ve also updated relative strength index (RSI) levels and beta figures for each of our holdings.
As we post this table, we will highlight a few callouts to you:
Revised Panic Points
American Express (AXP) is now set to $315, up from $295
Bank of America (BAC) increased to $47 from $44
Dutch Bros (BROS) goes to $50 from $42
Alphabet (GOOGL) is lifted to $250 from $225
Morgan Stanley (MS) reset at $143 from $135
TJX Companies (TJX) is now at $132, up from $115
Welltower’s (WELL) is boosted to $155 from $141
ServiceNow
Shares of ServiceNow (NOW) are trading below their existing and recent 5-for-1 split adjusted panic point of $150, but are also in an oversold condition. At roughly 3.3% of the Pro Portfolio’s assets, we have some room to add to our NOW position, and if we do, then we will adjust the current panic point accordingly. While we will want to hear more integration plans from ServiceNow about its recently announced Armis acquisition, we continue to view the company as well-positioned for enterprise AI adoption, especially as it helps companies overcome siloed workflow data.
Microsoft
We will also note that Microsoft (MSFT) shares are at their pick-up point, but they also closed Friday at $472.94, just below the 200-day moving average at $476.73. We will want to see the shares deliver a positive test of that support level Monday, which means closing back above the 200-day moving average before contemplating a move.
Eaton
Shares of Eaton (ETN) flirted with our $325 panic point, but they are finding some renewed interest. Part of that is likely due to renewed AI and data center interest as we move past November and December, which weighed heavily on ETN shares. However, we continue to see many signs of the energy pain point that first led us to bring Eaton into the Portfolio.
At roughly 3.5% of the Portfolio’s assets, we have sizable exposure to ETN, but the current risk-to-reward in the shares supports our One rating. ETN shares will likely react positively to comments made at CES this week, especially those made during keynotes from Nvidia (NVDA) and Advanced Micro Devices (AMD) later Monday.
CIBR ETF
Finally, let’s take a quick look at the First Trust Nasdaq Cybersecurity ETF (CIBR) , shares of which are sitting on top of our $71 pick-up point. Week in, week out, we continue to see fresh signs of cyberattacks and increasingly how bad actors are leveraging AI to enhance their offensive moves on that front. Case in point, last week, Ars Technica, a Condé Nast publication, reported that a hacker named "Lovely" claims to have breached a Condé Nast user database and released a list of more than 2.3 million user records. The materials in question include things like names, email and street addresses, and phone numbers. The hacker is also threatening to release an additional 40 million records for other Condé Nast publications that include Vogue, The New Yorker, Vanity Fair, and more.
Needless to say, we continue to see cybersecurity as a must-have, and that helps explain ServiceNow’s move to acquire Armis as well as Alphabet’s move earlier last year to pick up Wiz. In addition to CIBR, we have indirect exposure through Microsoft and Alphabet shares, but we continue to like the diverse exposure CIBR shares bring to the Portfolio on this front. Much like MSFT shares, CIBR closed last week below their 200-day moving average at $71.94. Also, like MSFT shares, we will want to see CIBR deliver a positive test relative to that level before making any next moves with them.
Qualcomm and Earnings Growth Expectations
When we look at revised consensus EPS figures for 2025 through 2027, Qualcomm (QCOM) and its low-single-digit EPS growth stand out from the rest of the Portfolio. In Friday’s December Monthly Roundup, we discussed the potential impact of rising memory prices on PC and smartphone demand, and why that could hamper Qualcomm’s top-line prospects in 2026.
During CES 2026 this week, we will be listening for several things, including new PC smartphone, IoT, and other consumer electronic product introductions, and corresponding program wins for Qualcomm. We’ll balance those comments against current EPS expectations and the QCOM share price. We recently used QCOM shares as a source of funds to help fund our Broadcom (AVGO) initiation, and if we determine further upside is limited, we may continue that use.
Position Sizes With a Continued Eye on American Express and Bank of America
It sure seems like we have been talking about the position sizes for Bank of America and American Express for some time. While both have yet to cross over the 4.50% position size level, they remain close. We will remain vigilant, and if either moves above that level, some prudent portfolio management is very likely.
More Pro Portfolio:
- We're Executing Part Two of Our EPS Diplomats Reconstitution With These Buys
- Stocks & Markets Podcast: The Market Setup and Pro Picks for 2026
- December Monthly Roundup: A Year of Ups and Downs, Volatility — And Big Profits
At the time of publication, TheStreet Pro Portfolio was long AXP, BAC, BROS, GOOGL, MS, TJX, WELL, NOW, MSFT, ETN, CIBR, NVDA, QCOM and AVGO.
