Putting Capital to Work in 4 Portfolio Holdings
| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| AMAT | Buy | 38 |
| BA | Buy | 78 |
| CIBR | Buy | 150 |
| MRVL | Buy | 95 |
After you receive this alert, the Portfolio will make the following trades:
Buy 38 shares of Applied Materials ($AMAT) at or near $475. Following the trade, the Portfolio will own 318 AMAT shares, roughly 2.55% of its assets
Buy 78 shares of Boeing ($BA) at or near $215. Following the trade the Portfolio will own 825 BA shares, roughly 3.0% of its assets.
Buy 150 shares of the First Trust Nasdaq Cybersecurity ETF ($CIBR) at or near $90. Following the trade the Portfolio will own 2,435 CIBR shares, roughly 3.7% of its assets.
Buy 95 shares of Marvell ($MRVL) at or near $175. Following the trade, the Portfolio will own 865 MRVL shares, roughly 2.55% of its assets.
Coming off the learnings of Wednesday night and early Thursday morning that include the beat-and-raise quarter at Lam Research ($LRCX), rising capex levels at Samsung ($SSNLF) as well as Microsoft ($MSFT) and Alphabet ($GOOGL), we are allocating more capital to AMAT and MRVL shares. Our view is the accelerated cloud growth rates at Microsoft and Google, as well as improved margins and higher remaining performance obligations, support the continued build out of AI and data center capacity as AI adoption and usage expands further. To that last point, even though Meta ($META) served up a very disappointing quarter, it is reaping the benefits of internal AI usage as are many other companies.
With Applied, our move is supported by the comments we shared from Samsung earlier on Thursday, reinforcing the view that chip capacity will remain tight into 2028. Those same comments explain the results from Lam Research and its step up in deferred revenue. We also find the comment from Lam management that the chip industry remains “undersupplied,” setting up a strong 2027 very constructive for Applied’s business and our shares. That’s especially the case given recent near free-fall in the shares. But we do like buying well positioned, quality companies benefitting from multi-year sales at cheaper prices.
We are also using the strong quarterly results last night from Fortinet ($FTNT) and reports of multiple hacks by rogue OpenAI agents to increase our exposure to CIBR. In a new update, OpenAI says its AI models also used publicly exposed credentials to compromise accounts on four third-party services during the recent attack on Hugging Face, expanding the scope of the four-day security incident to other organizations. We continue to see the dark side of AI in the hands of bad actors accelerating and expanding the kinds of cyber-attacks and their velocity, driving cybersecurity spending higher.
And, after increasing our price target on Boeing shares following our conversation about the company’s Q2 2026 results and improving prospects for higher production levels, and the flow through to margins and cash flow, we are picking up more shares below our existing cost basis.
A quick comment on these moves we are making: The combination of the learnings discussed above and the pressure that has pushed these shares lower is leading us to make these moves. With quarterly results from Apple ($AAPL) and Amazon ($AMZN) after Thursday’s market close, the market still has a few hurdles to clear. If Amazon’s comments about AWS are closer to those made by Microsoft ($MSFT) for Azure than the results posted by Meta, odds are good that the worst of those concerns are behind us.
The reason we’re not waiting for that are twofold. One, it is very difficult to catch the bottom in a stock. Two, Amazon recently shuttered several in-house AI models and, in our view, that suggests it is carefully examining its investments and spending. But there is the potential for Amazon to disappoint the market as it once again “continues to invest for the future,” and that is why we aren’t taking even larger bite sizes on Thursday in AMAT, MRVL, CIBR and BA shares.
On the housekeeping front, as we make these moves, we will reset our respective checkpoint levels as follows:
AMAT goes to $425 from $475
MRVL goes to $140 from $155
CIBR remains at $75
BA remains at $190.
As the shares rebound, we will look to increase those checkpoints accordingly.
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(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 AAPL, AMAT, AMZN, BA, CIBR, GOOGL, META, MRVL, and MSFT.
| Symbol | Panic Price |
|---|---|
| AMAT | 425 |
| MRVL | 140 |
