Locking in a Big Gain on This Holding as Short-Covering Fuels Pop

Symbol	Transaction Type	# Shares Traded	Recent Price $	Shares Owned After Trade	% Portfolio
URI	Sell	35	984	200	3.4

After you receive this Alert, we will sell 35 shares of United Rentals (URI) at or near $984. Following the trade, URI shares will account for roughly 3.4% of the Pro Portfolio's assets.

We are taking advantage of the extreme post-earnings pop in shares of United Rentals, which is likely fueled in part by short-covering following the company’s far stronger-than-expected Q1 2026 results.

Candidly, we too were surprised by the strong performance in the quarter, one that was plagued by severe winter weather during its first half. It’s safe to say we were not alone and that is leading to the 1.89 million shares that were short per the latest data to be covered, propelling URI shares not only higher but into a deeply overbought condition. As we write this trade Alert, the RSI level for URI shares is over 82.

We’ve seen this before, and the prudent move is to lock in some of these swift gains as short-covering subsides. That is what we are opting to do with this trade. To not take some of these quick profits would be, in our view, a mistake even though the outlook for non-residential construction remains bright.

We will have more detailed comments on URI’s quarter, what we learned on the company’s earnings call today, and what it means for our price target, in a follow-up Alert.

(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade's executed price here. Be sure to toggle the chart to sort by Purchase Date.)

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At the time of publication, TheStreet Pro Portfolio was long URI.