We're Locking in a Slice of Big Gains in These 3 Holdings
Prudent portfolio management is dictating this move, but we still have ample skin in the game.
You've reached your free article limit
You've read 0 of 1 free Pro articles.
* Outperformance and portfolio discipline are leading us to ring the register after stellar gains in three positions.
* We continue to see more upside ahead, leading us to keep meaningful exposure to these names.
| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
COST | Sell | 30 | 822 | 210 | 4.0 |
NVDA | Sell | 29 | 1,145 | 151 | 4.0 |
QCOM | Sell | 80 | 204 | 855 | 4.0 |
After you receive this Alert, we will make the following trades:
-- Sell 30 shares of Costco COST at or near $822.00. Following the trade, the portfolio will own 210 COST shares, roughly 4.0% of the portfolio.
-- Sell 29 shares of Nvidia NVDA at or near $1,145.00. Following the trade, the portfolio will own 151 NVDA shares, roughly 4.0% of the portfolio.
-- Sell 80 shares of Qualcomm QCOM at or near $204.00. Following the trade the portfolio will own 855 QCOM shares, roughly 4.0% of the portfolio
Following the simply stellar moves in the shares of Costco, Nvidia, and Qualcomm, which have ballooned their position sizes in the portfolio to more than 4.6%, 4.8%, and 4.4% respectively, we are locking in a slice of those gargantuan gains. Our fundamental opinions on all three remain intact and even after we ring the register the portfolio will continue to have sizable exposures to these holdings.
We will continue to hunt for data that could lead us to boost our price targets, but this call is more about prudent portfolio management, especially after the more than 50% run in NVDA shares since we first called them up to the portfolio on February 22.
The results of these trades will help build back our cash position, which will allow us to strike with our shopping list when the opportunity is right.
(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 is long NVDA, COST and QCOM.
