TheStreet Pro Portfolio Podcast
During TheStreet Pro’s Portfolio Podcast, Chris Versace shares his conversations about the stock market, economy, sectors, and stocks with Street Pro team members and other thought leaders.
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Episodes
Thursday Feb 23, 2023
Thursday Feb 23, 2023
As he gets ready to talk the ins and outs of thematic investing at the College of Charleston’s 9th Annual Strategic Investment Symposium, Chris Versace and Smarts editor Todd Campbell discuss the evolving narrative as the stock market wrestles with stickier-than-expected inflation and the potential Fed response. The two share their thoughts on what this likely means for earnings expectations and when they might bottom out. Todd discusses the significance of what sectors are leading the market, and which one are lagging. Chris shares why he is focused on what Salesforce (CRM) says about the dollar next week and why the February ISM data will be for him next week. And before the two share their predictions for near-term revisions for 2023 S&P 500 earnings expectations, they touch on EV infrastructure spending and why folks shouldn’t rule out moves by the likes of BP (BP), Exxon Mobil (XOM), and Shell (SHEL).
Wednesday Feb 08, 2023
Wednesday Feb 08, 2023
AAP portfolio manager Chris Versace and TheStreet Smarts’ Todd Campbell have quite a bit to talk about on this week’s AAP Podcast. They jump right into it discussing President Biden’s 2023 State of the Union, sharing what stood out to them and why. Todd tied several of Biden’s agenda items to potentially help orchestrate a softer than expected landing for the economy. Chris recapped his take on Federal Reserve Chair Powell’s appearance at the Economic Club of Washington earlier this week and dished with Todd on changes in fed funds rate expectations. Todd also previewed an upcoming discussion in Smarts about the market’s valuation with Chris helping backfill the conversation with some supporting data he’s shared with AAP members previously.
After discussing why they both find the intersection of autos and chips an interesting area (and yes, particular stocks were named), they segued to artificial intelligence touching on the news this week from Alphabet (GOOGL), Microsoft (MSFT) and Baidu (BIDU). After boiling away the headlines, the question they are pondering is what’s the use case? Is this something that will be a game changer or much like the metaverse and virtual reality, is it more hype than substance in the near term? They also postulated which company potentially has the most to gain and which one the most to lose. And neither was impressed by Google’s landing on the name “Bard” for its AI technology, but then again Microsoft naming its search engine “Bing” wasn’t all that impressive either.
Wednesday Feb 01, 2023
Wednesday Feb 01, 2023
We’re following up on our initial comments regarding the Federal Reserve increasing the fed funds rate by another 25 basis points exiting its policy meeting today and the comment it sees “ongoing increases” ahead with a shorter-than-usual podcast conversation between Chris Versace and Todd Campbell, editor of StreetSmarts. The two conclude that with Fed Chair Powell sharing we are still in the early stages of seeing inflation move lower, we likely have a few 25-basis point rate hikes ahead of us. However, Chris and Todd discuss why the stock market reacted favorably to the policy statement and Powell’s comments touching on the dollar, recession expectations, the forward-looking nature of the stock market, and a few other things. For example, the recent decline in 10-year Treasury yields has taken some pressure off stock market valuations, but it's also more deeply inverted the yield curve, increasing recessionary risk. They also talk quickly about how the stock market is reacting to the current earnings season so far and how that has them thinking about one sector in particular.
Monday Jan 23, 2023
Tuesday Jan 17, 2023
Tuesday Jan 17, 2023
As we get ready for a big week of December quarter economic data and the heat turning up on the December quarter earnings season, TheStreet Smarts’ Todd Campbell and AAP’s Chris Versace sit down for the latest AAP Podcast. The two run through a number of topics influencing the market including the upcoming December Producer Price Index, expectations for a shallow and short recession, China’s re-opening, wage inflation, commodity pricing, the dollar and why that combination is likely to keep the market rather bumpy in the near-term.
The topic of minimum wage increases leads to them to talk about the restaurant industry and the recent win by Presto Automation (PRST) with American Mexican style fast food company Del Taco. They then talk chip stocks running the gamut from automotive chip players, including indie Semiconductor (INDI), On Semiconductor (ON), and Wolfspeed (WOLF) in part because EV adoption looks to be a powerful driver of chip demand.
Finally, Todd shares what he’ll be focused on as the pace of earnings season picks up this week using Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley as an example. Chris does the same with Procter & Gamble (PG) sharing what the confirmation point he’s looking for inside that upcoming report.
Monday Jan 09, 2023
Tuesday Jan 03, 2023
Wednesday Dec 28, 2022
Monday Dec 12, 2022
Sunday Dec 04, 2022
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