TheStreet Pro Portfolio Extends Lead, Adds Firepower Ahead of Earnings Season
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.
The first full week of trading for the new quarter had a little of everything: a geopolitical shock, a hawkish turn in Fed expectations, a marquee IPO, and another leg up in the AI trade. By Friday’s close, the S&P 500 and Nasdaq had both notched gains of roughly 1% to 2% on the week, and the Dow squeezed out a fresh record close near 53,000. That came in the face of one of the market’s worst single sessions of the summer on Wednesday.
One factor that pushed the market and the Pro Portfolio higher week over week was…