VIDEO: Today It’s Meta, But This Is Bound to Be a Big Topic in January
The reason for Meta's climb could be positive catalyst for other holdings. Plus, a steep margin drop reaffirms our view to keep two names in the Bullpen.
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In today’s Pro Portfolio video, Chris Versace explains why shares of Meta (META) are moving higher today, and why the reason for that move could be a more widespread topic during the upcoming December-quarter earnings season.
We’re talking headcount reductions and AI adoption, which should be a positive catalyst for these other positions in the Pro Portfolio.
We also review margin comments from homebuilder Hovnanian (HOV) and discuss why they and today’s Challenger Job Cuts report for November warrant keeping Home Depot (HD) and Builders FirstSource (BLDR) in the Bullpen for now.
At the time of publication, TheStreet Pro Portfolio was long META.
