We're Locking in Big Gains on Three Holdings, Adding Again to This Big Tech Name
As this Big Tech company expands its AI model usage to government and defense agencies, we're upping our position.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
BAC | Sell | 265 | $45 | 4,410 | 4.0% |
MRVL | Sell | 228 | $92 | 2,157 | 4.0% |
MS | Sell | 80 | $129.50 | 1,535 | 4.0% |
META | Buy | 40 | $586 | 185 | 2.2% |
After you receive this alert, the Portfolio will make the following trades:
- Sell 265 shares of Bank of America BAC at or near $45. Following the trade, the Portfolio will own 4,410 BAC shares, roughly 4.0% of the Portfolio.
- Sell 228 shares of Marvell MRVL at or near $92. Following the trade, the Portfolio will own 2,157 MRVL shares, roughly 4.0% of the Portfolio.
- Sell 80 shares of Morgan Stanley MS at or near $129.50 Following the trade, the Portfolio will own 1,535 MS shares, roughly 4.0% of the Portfolio.
- Buy 40 shares of Meta Platforms META at or near $586. Following the trade, the Portfolio will own 185 META shares, roughly 2.2% of the Portfolio.
As we alluded to in our opening comment this morning, we are doing some prudent Portfolio management as well as locking in a slice of the big moves in our shares of Morgan Stanley, Bank of America and Marvell. We continue to see further gains ahead in the coming quarters, which is why we’re keeping meaningful exposure ever after today’s register ringing. We also recognize MS shares are hovering just over our current share price, and we intend on revising it as the next round of fund flow investment banking activity data is had.
While most of the proceeds will get credited to the Portfolio’s cash position, we are taking a slug of it and scooping up more META shares. They are modestly higher than our recent pickup point, but we are encouraged by the expanding use of its AI models.
Meta is now allowing U.S. government agencies and contractors working on national security to use its artificial intelligence models for military purposes. As part of this move, Meta is making its Llama A.I. models available to federal agencies, sharing it is working with defense contractors such as our own Lockheed Martin LMT as well as Booz Allen BAH, Palantir PLTR and others.
More Pro Portfolio
- Closing Out Our Market Hedge Position, Buying More of Another Holding
- Monthly Roundup: Portfolio Sees Green in October Amid a Red Month for the Market
- AI Generates News: A Look at the Headlines That Speak to Our Stocks
(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.)
At the time of publication, TheStreet Pro Portfolio was long BAC, MRVL, MS, META and LMT.
