Discipline Means We're Exiting This Underperforming Position
This move will re-arm our cash position to prepare for better opportunities.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shared Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
PEP | Sell | 940 | 152.40 | 0 | 0 |
After you receive this Alert, we will sell the TheStreet Pro Portfolio's remaining 940 shares of Four-rated PepsiCo PEP at or near $152.40. This will close out our PEP position, which returned a loss of around 7.5%
With shares of PepsiCo continuing to sink, and our desire to limit that impact on the portfolio, we are unloading the shares today. While we would have preferred to have waited for a rebound in the stock to do so, the bottom line is we see better opportunities elsewhere.
Today’s move will re-load the portfolio’s cash position following the additions of Eaton ETN and ServiceNow NOW shares we made earlier today and have us armed to take advantage of opportunities with existing holdings and those in the Bullpen.
At the time of publication, TheStreet Pro Portfolio was long PEP, ETN and NOW.
(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.)
