We're Cashing Out of This Holding After a Big Move
Here's what's prompting this prudent trade that will generate a hefty return.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
NLR | Sell | 615 | 99.50 | 0 | 0 |
After you receive this Alert, we will sell all 615 shares of the VanEck Uranium & Nuclear ETF NLR at or near $99.50. This will close out the Pro Portfolio’s position, and generate a return near 19%.
Early this year, we initiated a position in NLR to capture what we saw as a likely solution to the mounting electricity problem given data center growth prospects and other drivers of electricity usage. Over the last few months, multiple signals about nuclear adoption led us to maintain the position despite, at times, some rocky behavior in the ETF's shares. Today we are seeing the continued response to President Trump signing four executive orders last week related to the rapid deployment of next-generation nuclear technologies in the U.S.
To say that has popped NLR shares would be something of an understatement. But we see the sharp move pushing the shares into an overextended position as evidenced by its relative strength level that tops 85. It’s also quite the move, more than 50%, since the shares bottomed out near $65 in early April.
With that in mind, we’re going to book this win and continue the hunt for new contenders for the Pro Portfolio, and the Bullpen. Last Friday, we added SuRo Capital to the Bullpen, and we’ll continue to have our eyes on the shares.
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At the time of publication, TheStreet Pro Portfolio was long NLR.
