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Steve Grasso, Director of Institutional Sales at Grasso Global, reported the sale of several stocks in his CNBC Fast Money ENIGMA portfolio following substantial appreciation. According to Grasso, the decision to exit positions in ALGM, MXL, and NVTS was motivated by a desire to avoid potential retracement after significant gains.
Grasso also disclosed a new purchase of RVMD May 15 145 calls, mentioning that this move followed a segment on CBS 60 Minutes.
Grasso has previously emphasized that investing in cutting edge technology stocks requires patience and a long-term perspective, as noted in a prior commentary. He has also reported on scheduled earnings announcements such as Abacus Global Management’s upcoming first quarter 2026 results. These earlier updates provide context for his current portfolio adjustments.