Welcome to the final LikeFolio Roundup of 2024!

We launched this feature at the start of August with the hopes these “gut checks” would help us keep track of our long-term positions and identify any cracks or confirmations in our bullish thesis.

It’s been a smashing success – allowing us to cut losses on positions that aren’t going our way, take profits on some massive winners at the right time, and stick to our guns on a few stocks the market prematurely counted out.

Thank you for all your support and kind words along the way!

LikeFolio Weekly Roundup

The market at large trended lower again this week, as did our portfolio, particularly following the Federal Reserve’s quarter percentage point rate cut on Wednesday and “hawkish” outlook on rate cuts – and Bitcoin (BTC).

After reaching a new all-time high of $108,135 on Tuesday, BTC reversed course, falling to ~$95,000 today and taking many of our favorite crypto-adjacent stocks with it.

A couple of our small-cap picks managed to buck the bearish trend, however, with one AI play soaring nearly 12% to become our biggest gainer of the week.

Here's an overview of the biggest movers through market close on Thursday, December 19...

SoundHound AI (SOUN): +12%

SoundHound AI started the month on a high note, surging 43% in the first week of December on a newly announced partnership that will roll out SoundHound’s AI Smart Ordering system across 130 Torchy’s Tacos locations. The stock is up an incredible 107% since December 1. This week’s gains build on the momentum from SOUN’s partnership announcement, as well as a bullish upgrade from Wedbush, which raised its price target from $10 to $22 on Monday, citing the company’s potential to see outsized enterprise AI demand.

When we first recommended SOUN in March, we predicted a double-your-money opportunity. SOUN has surpassed those expectations, logging us a 132% gain to date – and we continue to be bullish from here.

BlackBerry Ltd (BB): +8%

BlackBerry had another solid week after announcing its intent to sell off its Cylance assets to refocus on its core cybersecurity and Internet of Things (IoT) businesses. The market clearly liked this move – we did, too – and you’re reaping the benefits. Our July position is now up 22%.

Read our full report here...

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