Locking in Big Gains on Two Positions
We’re opportunistically raising cash levels as we get ready ahead of the next EPS All-Stars reconstitution.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
| AMAT | Sell | 50 | 622.32 | 232 | 2.4 |
| MRVL | Sell | 145 | 302.98 | 455 | 2.2 |
After you receive this Alert, the Pro Portfolio will make the following trades:
— Sell 50 shares of Applied Materials (AMAT) at or near $622. Following the trade, we will own 232 AMAT shares, accounting for roughly 2.35% of the Pro Portfolio’s assets.
— Sell 145 shares of Marvell (MRVL) at or near $303.50. Following the trade, we will own 455 MRVL shares, accounting for roughly 2.25% of the Pro Portfolio’s profits.
In Friday’s Weekly Roundup, we shared the following with you:
We’ll be mindful of market sentiment but also look to stand clear of one of the easiest mistakes to make as an investor — falling in love with our stocks. We’ll do our best to stick to the logical, emotion-free, data-following, risk-minded thinking that has served us well.
We also indicated that the need to raise some incremental cash ahead of next week’s reconstitution of the EPS All-Stars basket as we look to increase the Portfolio’s Q3 2026 starting allocation to 6% of its assets from 4% at the start of Q2 2026.
Those are two factors influencing our decision for our moves in two positions that have delivered impressive gains quarter to date. AMAT shares are up more than 80% quarter to date, and as we touched on earlier today, well in overbought territory. While MRVL shares are not overbought, they are up more than 200%, and we could see them trade off as the halo associated with their being added to the S&P 500 fades.
While we are dialing back our exposure with these two trades, we continue to see further gains ahead for both given the need for incremental chip capacity and the demand for networking equipment as AI and data center demand continue to climb due to rising AI adoption and expanding usage.
Our plan is to revisit our current price targets for AMAT and MRVL following quarterly results after Wednesday’s close from Micron (MU).
More Pro Portfolio:
- We’re Unwinding Our Hedging Positions, Adding to Two Others
- Tracking 21 Signals Across 10 of Our Investing Themes
- Weekly Roundup: Peace Deal, Warsh Arrives, and the Portfolio Moves Ahead
(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 AMAT, MRVL, and MU.
