5 Buys We're Making Following a 'Sigh of Relief' November CPI Report
We are putting capital to work in positions offering favorable risk-to-reward entry points, leaving ample cash to remain opportunistic.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
AMAT | Buy | 70 | 170.50 | 970 | 3.25 |
BLDR | Buy | 125 | 172 | 950 | 3.20 |
LMT | Buy | 30 | 513 | 370 | 3.75 |
URI | Buy | 42 | 801 | 190 | 3.0 |
OLED | Buy | 110 | 156.25 | 1,225 | 3.75 |
After you receive this Alert, we will make the following trades:
-- Buy 70 shares of Applied Materials AMAT at or near $170.50. Following the trade, AMAT shares will account for roughly 3.25% of the portfolio.
-- Buy 125 shares of Builders FirstSource BLDR at or near $172. Following the trade BLDR shares will make up about 3.2% of the portfolio.
-- Buy 30 shares of Lockheed Martin LMT at or near $513. Following the trade, LMT shares will account for around 3.75% of the portfolio.
-- Buy 42 shares of United Rentals URI at or near $801. Following the trade, URI shares will be about roughly 3.0% of the portfolio.
-- Buy 110 shares of Universal Display OLED at or near $156.25. Following the trade, OLED shares will account for roughly 3.75% of the portfolio.
We are seeing a sigh of relief in the market following the November Consumer Price Index (CPI) report that did not come in hotter than expected, instead matching market expectations. While the November numbers don't change the fact that inflation remains sticky, the figures have popped expectations for a December Fed rate cut next week to more than 95%. Along with being on the cusp of the seasonally strongest part of December, we are putting some capital to work in positions that have traded off of late, offering as we like to say a favorable risk-to-reward entry point.
The combination of these trades leaves the portfolio with just over 10% in cash, which gives us room to opportunistically pick up shares of other holdings in the coming weeks. It also gives us room to bring in a new position or two as we get ready for 2025.
(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 click on Closed Trade Gain/Loss and toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long AMAT. BLDR, LMT, URI and OLED.
