Adding to 2 Portfolio Holdings and Upgrading a Rating

After you receive this alert, the Pro Portfolio will make the following trades:

Symbol	Transaction Type	# Shares Traded	Recent Price $	Shares Owned After Trade	% Portfolio
AVGO	Buy	80	401.14	512	3.4

Symbol	Transaction Type	# Shares Traded	Recent Price $	Shares Owned After Trade	% Portfolio
NFLX	Buy	372	$82.08	2,107	2.85%

After you receive this alert, we will make the following trades:

Buy 80 shares of Broadcom (AVGO) at or near $405. Following the trade, the Portfolio will own 512 AVGO shares, roughly 3.4% of its assets.

Buy 372 shares of Netflix (NFLX) at or near $82.08. Following the trade, the Portfolio will own 2,107 NFLX shares, roughly 2.85% of its assets.

Following the completion of the Apollo (APO) and Blackstone (BX) $35 billion private credit to help finance Anthropic’s growth plans, including the purchase of Alphabet (GOOGL) chips in partnership with Broadcom, we are taking advantage of last week’s post-earnings pullback in shares. As we discussed in our opening comments, this deal reinforces our view that Broadcom’s AI chip guidance for 2H 2026, shared last week, was skewed conservatively.

In keeping with our new One rating and after giving AVGO shares to settle out following last week’s earnings report, we are adding to the Portfolio’s holdings on Tuesday morning. As we make this trade, we will maintain our current AVGO checkpoint at $330. As the shares rebound, we’ll look to ratchet that checkpoint level higher.

Near-term catalysts to watch will be May revenue reports from Taiwan Semi (TSM) and Foxconn, as well as AI adoption and usage comments from investor conference presentations and elsewhere

Turning to Netflix, we’ve sat on the sidelines with the Portfolio’s position as the shares trended lower in the last few weeks, closing a few gaps along the way. TheStreet Pro’s Helene Meisler called out another gap that would be closed if the shares shed a few more dollars. In Meisler’s view, NFLX shares are “set up for a bounce.”

We realize the challenges with bottom-ticking a stock, but then again, Netflix has a $25 billion stock buyback at its disposal, and recent data from Nielsen shows the company has been gaining viewership in the U.S. compared to year-ago levels. And, as we discussed with you back in April, the company’s guidance smelled conservative given its late March price hike.

And while we have yet to learn how the company’s 2026 upfronts stacked up against last year, we did learn its ads are reaching more than 250 million global monthly active viewers, with over 80% of ads members actively watching every week. That 250 million figure is up from 190 million in November and suggests the company’s $3 billion advertising revenue target is conservative. Adding to that thinking is the expansion into dynamic ad insertion for live events and pause ads.

Concerns over consumer spending dollars may have been a factor in the recent slide in NFLX shares, but as we see it, content remains king, and users may trade down to ad-supported plans with lower prices, but that also allows Netflix to monetize every screen twice. One with a monthly, and again with advertiser payments.

As we pick up more NFLX shares for the Portfolio, given the risk-to-reward trade-off in the shares and the distance to our $115 price target, we’re also upgrading the shares to a One rating. Alongside these actions, we’ll maintain our checkpoint for NFLX shares at $70.

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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 AVGO, GOOGL and NFLX.