Adding to 2 Holdings Near Their Pick-Up Points
After you receive this Alert, the Pro Portfolio will make the following trades:
— Buy 43 shares of Broadcom ($AVGO) at or near $378. Following the trade, we will own 555 AVGO shares, accounting for roughly 3.5% of Pro Portfolio assets.
— Buy 23 shares of Eaton ($ETN) at or near $380. Following the trade, we will own 568 ETN shares, accounting for roughly 3.6% of Pro Portfolio assets.
| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| AVGO | Buy | 43 |
| ETN | Buy | 23 |
With both stocks closing last night below our recently updated pick-up points, we are adding some shares in each to the Portfolio’s holdings. Contributing to our decision to do so are two specific developments.
With Broadcom shares, the surge in Oracle’s ($ORCL) RPOs and upsized capital spending figures are the latest signals for AI and data center chip demand.
With Eaton, this morning the company announced it will merge its lower-margin mobility business with Dana ($DAN), with Eaton owning just over half the company. Indications are that Eaton will also receive a cash distribution of ~$1.1 billion. That move makes Eaton a more focused play on electrification and aerospace.
We’ve talked about the long-term prospects for aircraft demand and production, and the pain point that is the accelerating demand for electricity. Regarding the latter, we’ll spoil a signal we are going to share with you over the coming weekend:
U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,271 billion kWh in 2026 and 4,397 billion kWh in 2027… Electricity demand growth is led by an increase in the commercial sector, which is expected to outpace residential demand in 2026 for the first time on record, the agency said.
If you haven’t been reading our weekend Signal Alerts, we’d strongly suggest you do. This weekend we’ll have that signal and more than 20 others.
And as we make these moves, we will reset our check points for both AVGO and ETN shares to $340.
(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 AVGO and ETN shares.
| Symbol | Panic Price |
|---|---|
| AVGO | 340 |
| ETN | 340 |
