Kicking Off All-Stars Reconstitution By Exiting 2 Names
Setting the sun on two holdings as we get ready to bring two new ones into the basket.
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| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| SELL | EGO | 1,494 |
| SELL | RKT | 2,960 |
After you receive this alert the Pro Portfolio will make the following trades:
Sell 1,494 shares of Eldorado Gold (EGO) at or near $38.50. This will close out the Portfolio’s EGO position, one that returned roughly 15% for the quarter.
Sell 2,960 shares of Rocket Companies (RKT) at or near $11.60. This will close out the Portfolio’s EGO position, one that returned roughly -23% for the quarter.
We are commencing the quarterly reconstitution process for the Portfolio’s EPS All-Stars basket, and that means letting go of EGO and RKT shares to make room in the strategy for two new constituents that rank in the top-eight for our multi-year EPS growth screening.Â
What you can surmise by these exits is the shares of Bloom Energy (BE), Ciena (CIEN), Lumentum (LITE), Micron (MU), SiTime (SITM), Seagate Technology (STX) not only will remain but will each be upsized to 1% position sizes when the market opens on Thursday, October 1.Â
As we make those trades, we will add two new positions to the All-Stars basket, and following those cumulative trades, the strategy will account for about 8.0% of the Portfolio’s assets.Â
More Pro Portfolio
- Charting the Markets: Leaving an Ugly September Behind
- 26 Signals Across 9 Portfolio Themes
- Weekly Roundup: Waiting for the Market to Show Its Hand
(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 EGO, RKT, BE, CIEN, LITE, MU, SITM and STX.
