The Tech Titans ProPicks strategy posted a solid return of 1.84% in March 2024, outperforming the 1.23% gain in , but falling short of the 2.08% gain in . The strategy's performance was buoyed by the strong performance of several of his key holdings, including MicroStrategy Incorporated (MSTR), which achieved an impressive monthly return of 51.64%.
Despite the challenges faced by some stocks, such as Marathon Digital Holdings (NASDAQ:), the Tech Titans strategy has remained resilient thanks to its diversified portfolio and active management approach. With this strategy, he introduced three new holdings in March. These have promising growth potential in their respective markets.
One of the new additions, Allegro MicroSystems, Inc. (ALGM), is well-positioned to benefit from the growing demand for energy-efficient solutions in the automotive and industrial sectors. Allegro MicroSystems has a market capitalization of $5.19 billion, an EPS of $1.15, and an impressive EPS growth rate of 45.84%, making it an attractive investment opportunity for those looking to enter the semiconductor industry.
The Tech Titans strategy also makes some adjustments to the existing portfolio, removing stocks such as RingCentral, Inc. (NYSE:) while maintaining significant positions in companies such as NVIDIA Corporation (NASDAQ:). I continued to do so. These strategic moves demonstrate the team's commitment to adapting to changing market conditions and maintaining a balanced portfolio.
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