We're Putting More Capital to Work in These Three Holdings
We're making some moves to leverage an oversold market and a favorable December Flash PMI report.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shared Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
BLDR | Buy | 105 | $165.50 | 1,055 | 3.4% |
URI | Buy | 25 | $784.50 | 215 | 3.25% |
WM | Buy | 110 | $213.75 | 760 | 3.15% |
After you receive this alert, we will make the following trades:
- Buy 105 shares of Builders FirstSource BLDR at or near $165.50. Following the trade, the Portfolio will own 1,055 BLDR shares, roughly 3.4% of the Portfolio.
- Buy 25 shares of United Rentals URI at or near $784.50. Following the trade, the Portfolio will own 215 URI shares, roughly 3.25% of the Portfolio.
- Buy 110 shares of Waste Management WM at or near $213.75. Following the trade, the Portfolio will own 760 WM shares, roughly 3.15% of the Portfolio.
We are putting some capital to work, given the market’s current short-term oversold condition but also because of the favorable picture presented by S&P Global’s December Flash PMI report.
That data showed the overall economy strengthened further in December, led by the Service sector. Firms' expectations of output in the coming year also lifted higher, hitting a two-and-a-half-year high, reflecting growing optimism about business conditions under the incoming Trump administration. Employment also edged higher for the first time in the last five months of S&P PMI data. Overall, inflation pressures softened per S&P’s findings, with cooling cost growth in the service sector overshadowing higher manufacturing raw material costs.
That strength in the economy bodes well for Waste Management’s business and our shares, while the findings on inflation and the jobs market should firm up rate cut expectations for this Wednesday even further. As we discuss in today’s Daily Rundown video, so long as the Fed’s updated set of projections shows two more 25-basis point rate cuts in 2025, something the market expects, typical December seasonal patterns and a Santa Claus rally are likely to unfold.
Given that probability, we are putting some capital to work in these three shopping list holdings.
More Pro Portfolio
- 5 Buys We're Making Following a 'Sigh of Relief' November CPI Report
- Weekly Roundup: Dueling Factors Lead to Mixed Results Ahead of the Fed
- The Cost of Living, the Cost of Aging: Headlines That Speak to Our Portfolio
(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 BLDR, URI and WM.
