What's Going on With These 2 Portfolio Holdings?
Let's catch up with two positions that have been struggling recently.
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While we watch potential positive data points, we are also keeping tabs on TheStreet Pro Portfolio positions in Lockheed Martin LMT and Universal Display OLED.
Both names haven’t been working for the portfolio of late despite the positive developments in Lockheed’s backlog and multiple confirmation points for the further adoption of organic light-emitting diode displays. That includes larger smartphone displays using the technology, such as Samsung’s new Galaxy S25 family, a move like what Apple AAPL has done with its iPhone 16 family compared to the iPhone 14 and 15 ones.
For example, the iPhone 16 Pro sports a 6.3” diagonal display compared to 6.1” found in the iPhone 14 and 15 Pro models. The iPhone 16 Pro Max sports a 6.9” display compared to 6.7” for the 14 and 15 Pro Max models.
The move to larger surface areas at Apple, Samsung, and others as well as adoption by other vendors should drive faster revenue growth at Universal Display than industry smartphone shipment growth. Adoption in other markets — TVs, notebook PC and PC displays, tablets, and automotive — should also help drive revenue growth while bringing some revenue diversification.
Turning back to Lockheed, we recognize headline risk with the D.C. landscape serving as a potential headwind, but program announcements that build backlog are better indicators of future revenue and earnings. Should we see awarded projects dialed back or curtailed, that would be a reason to reconsider LMT shares in the portfolio. However, that isn’t what we’re seeing.
At the same time, as we shared in Saturday’s signals alert, we continue to see ramping defense spending outside the US. Data points like those help keep us on course despite the headline turbulence.
At the time of publication, TheStreet Pro Portfolio was long LMT and OLED.
