We're Picking Up Another Slug of These Shares After PPI Rebound
Plus, we're sticking with our market-hedging positions as we enjoy Credo’s surge higher.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
AXON | Buy | 51 | $369 | 500 | 3.3% |
After you receive this alert and when the market opens, TheStreet Pro Portfolio will buy 51 shares of Axon (AXON) at or near $369. Following the trade, the Portfolio will own 500 AXON shares, roughly 3.3% of its assets.
Following our move on Monday to add additional Palantir (PLTR) shares to the Portfolio, we are now doing the same with AXON shares, as the technical conditions we flagged have improved and the market rebounds in the wake of the softer-than-expected March PPI report. With this new buy, we’ll adjust our panic point to $330 from $340, but plan on raising it as the shares move higher.
In the face of this move, as discussed in our opening comments on Tuesday morning, we will continue to hold the Portfolio’s inverse ETF positions. The market's reaction to quarterly earnings on Tuesday morning from Albertsons (ACI) , CarMax (KMX) , JPMorgan Chase (JPM) and Wells Fargo (WFC) adds to concerns about the Q1 2026 earnings season.
We will also take a comment and enjoy the market’s reaction to EPS Diplomat’s resident Credo Technology (CRDO) . On Monday night, the company announced it is acquiring DustPhotonics, a move that is expected to accelerate its optical interconnect roadmap and significantly expand its addressable market in the global optical industry. As of Monday night’s close, CRDO shares are already up about 39% since we reconstituted and upsized the Portfolio’s EPS Diplomats basket for the current quarter.
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(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 Portfolio was long AXON, PLTR and CRDO shares.
