Final ER Previews 2025: XPUs, Cybersecurity & Software
Marvell, Credo, Snowflake & MongoDB, CrowdStrike & Okta, Salesforce
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After a rough start in November, markets surged into the Thanksgiving holiday, with the S&P 500 rising by approximately 3.7% 📈, marking it one of its strongest weeks in the past six months.
Unsurprisingly, despite all of the recent talk of the “Death of the AI Trade,” technology stocks once again led the charge 💪. The AI narrative regained momentum, pulling mega-cap names higher and lifting the broader Nasdaq 100.
With both the S&P 500 and Nasdaq 100 closing well above their 20 DMA (a key level we were watching), the next logical step would be a push towards the previous ATH, especially with the FOMC meeting coming in two weeks.
⚠️(Note, that a push towards a new ATH will likely NOT be a straightforward path from current levels, but the key is to hold the 100DMA like it did in November.)
As we enter the final trading month of 2025, we are off to a busy first week with 8 companies under our coverage. I am talking about MongoDB MDB 0.00%↑ , Credo CRDO 0.00%↑, Okta OKTA 0.00%↑, CrowdStrike CRWD 0.00%↑, Marvell MRVL 0.00%↑, Snowflake SNOW 0.00%↑, Salesforce CRM 0.00%↑ and Rubrik RBRK 0.00%↑.
Out of these ☝️ companies, we have invested over 7% of our capital 💰 in the TPO Portfolio in Credo and Marvell, while we also own a position in MongoDB and CrowdStrike in our Legacy Portfolio.
👉👉You can find all of our price targets, conviction scores, and ratings history on the above names and more in our AI Stock Rec Tracker. You can also track all our Live Trades as part of the TPO Portfolio in the same AI Stock Rec Tracker.
➕➕In addition to providing our previews on the above names, we will also add our views on our TPO Portfolio company Zscaler ZS 0.00%↑, which reported its earnings last week, along with initiating coverage on Powell Industries POWL 0.00%↑ on popular demand.
Zscaler: What We Plan to Do After a 25% Drop in Stock Price
As you can see in our TPO Portfolio, Zscaler is currently our 6th largest position with a 4% weight. With an average cost basis of $294 per share since we started investing in September, we were faring well in November.
Unfortunately, our position is now down -14.5% after the stock tumbled after its Q1 earnings last week. After analyzing its latest earnings report, we have an updated price target on the stock, and here’s what we plan to do with our stock position.