VIDEO: Why Shares of This Equipment Rental Holding Are Under Pressure
Fresh data points keep us bullish on this Pro Portfolio holding and others, and why we're sitting on the sidelines for now.
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In today’s Daily Rundown Video, Chris Versace addresses today’s pressure on the shares of United Rentals URI and why the Pro Portfolio is waiting for the dust to clear with tomorrow’s Consumer Price Index report for November, before making a move with the shares. Chris also discusses why quarterly results from Toll Brothers TOL are positive for our underlying thesis on United Rentals and Builders FirstSource BLDR. We also discuss the latest CHIPs Act award and how that factors into our thinking for not only Applied Materials AMAT but also United Rentals.
At the time of publication, TheStreet Pro Portfolio was long URI, AMAT and BLDR.
