We're Buying Shares of This Battered AI Software Holding
We will keep room for additional buys, subject to potential Powell comments on Friday.
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 |
|---|---|---|---|---|---|
NOW | Buy | 22 | 878.50 | 215 | 3.5 |
After you receive this Alert, we will buy 22 shares of ServiceNow NOW at or near $878.50. Following the trade, NOW shares will account for roughly 3.5% of the Pro Portfolio’s assets.
We’ve sat on the sidelines over the last several trading sessions, letting ServiceNow shares pull back, alongside other enterprise software stocks, to levels that are well below the Pro Portfolio’s average cost basis. At the same time, we continue to see signs of accelerating enterprise AI adoption, which keeps Big Tech companies' capacity constrained, leading to higher capital spending levels in the second half of 2025.
That is prompting our move with NOW shares today, ahead of ServiceNow’s presentation next week at the Deutsche Bank Technology Conference on August 27. We are purposely leaving some room to acquire additional shares, rounding out our NOW position size, subject to what Fed Chair Powell could say on Friday when he delivers his Jackson Hole keynote address.
We also continue to have eyes on other names on our shopping list, including SuRo Capital SSSS, Waste Management WM, and Axon Enterprise AXON.
(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 “+” next to the position’s ticker to sort Purchase and Date data.)
At the time of publication, TheStreet Pro Portfolio was long NOW, SSSS, WM and AXON.
