Welcome back to Under the Hood, where we'll cover all the action for the week ended August 4, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
The bottom line is there are a million ways to skin this cat.
Relying on our entire arsenal of data makes us confident that we’re producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.
Under the Hood is a value-add for investors of all kinds as we can express our views through a variety of different types of stocks.
Speaking of which, here’s our latest list of hot stocks:
*Click to enlarge view
Let's dive right into our favorite setups from this week's list!
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