New SpaceX Price Target as We Add it to the Portfolio

Detailed summary

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Meanwhile, we’re exiting this name completely and adding to four other holdings.

After you receive this alert, the Portfolio will make the following trades:

Sell the remaining 500 shares of Boeing (BA) at or near $173. This will close out the Portfolio’s BA position, with a loss near 15%.

Buy 15 shares of Applied Materials (AMAT) at or near $387. Following the trade, the Portfolio will own 560 AMAT shares, roughly 3.8% of its assets.

Buy 70 shares of Axon (AXON) at or near $312. Following the trade, the Portfolio will own 605 AXON shares, roughly 3.3% of its assets.

Buy 20 shares of Marvell (MRVL) at or near $165. Following the trade, the Portfolio will own 1,210 MRVL shares, roughly 3.5% of its assets.

Buy 100 shares of Nvidia (NVDA) at or near $173. Following the trade, the Portfolio will own 1,070 NVDA shares, roughly 3.25% of its assets.

Buy 605 shares of SpaceX (SPCX) at or near $141. Following the trade, the Portfolio will own 605 SPCX shares, roughly 1.5% of its assets.

Following the supportive data points discussed in our opening comments on Wednesday surrounding CoreWeave (CRWV) and Anthropic, we are concluding our exit of Boeing shares and putting that capital to work in a few existing positions with far better growth prospects as the market moves closer to finding its footing.

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