We're Buying Shares of These Six Holdings After a Softer CPI Report
We are putting cash to work even as we still see some headwinds on the horizon.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
AXON | Buy | 42 | 536 | 187 | 2.2 |
AXP | Buy | 30 | 260 | 490 | 2.8 |
BROS | Buy | 163 | 62 | 2,053 | 2.8 |
MRVL | Buy | 146 | 70 | 2,013 | 3.1 |
NOW | Buy | 9 | 824 | 207 | 3.75 |
PLTR | Buy | 242 | 83 | 822 | 1.5 |
After you receive this Alert, we will make the following trades:
-- Buy 42 shares of Axon Enterprise AXON at or near $536. Following the trade, AXON shares will account for roughly 2.2% of the portfolio’s assets.
-- Buy 30 shares of American Express AXP at or near $260. Following the trade, AXP shares will account for roughly 2.8% of the portfolio’s assets.
-- Buy 163 shares of Dutch Bros BROS at or near $62. Following the trade, BROS shares will acccount for roughly 2.8% of the portfolio’s assets.
-- Buy 146 shares of Marvell Technology MRVL at or near $70. Following the trade, MRVL shares will account for roughly 3.1% of the portfolio’s assets.
-- Buy 9 shares of ServiceNow NOW at or near $824. Following the trade, AXON shares will account for roughly 3.75% of the portfolio’s assets.
-- Buy 242 shares of Palantir Technologies PLTR at or near $83. Following the trade, PLTR shares will account for roughly 1.5% of the portfolio’s assets.
The February Consumer Price Index report came in below market expectations, showing some progress on the inflation front. Paired with the market’s oversold status heading into that report, the combination is enough to kickstart another market rally attempt. We are using that to build on several smaller holdings in the TheStreet Pro Portfolio that have sold off hard lately, and in some cases are oversold as well.
As we discussed earlier this week, there are still potential headwinds ahead, including President Trump’s response to the European Union’s countermeasures to new U.S. metal tariffs with plans to impose duties on up to €26 billion ($28.3 billion) worth of American goods. Those tariffs are expected to be phased in starting on April 1 with another round mid-month. We suspect that opens the door for a deal, especially given the April 2 timing of Trump reciprocal tariffs but recognize the negotiation process could keep the market volatile. That uncertainty is another reason to think companies could issue conservative guidance when they report their March quarters.
For that reason and because the odds are the market will re-test its recent lows, we are only putting a small piece of the portfolio’s cash position to work today. Our plan is to remain flexible, and that includes exiting our inverse ETF positions when the time is right.
(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.)
At the time of publication, TheStreet Pro Portoflio was long AXON, AXP, BROS, MRVL NOW and PLTR.
