Public investors finally have opportunities to gain exposure to the exciting new Space Exploration industry.
We've seen a handful of new pure-play Space IPOs and SPACs hit the market this year. Most recently one of our favorite fund managers, ARK Invest joined the party and launched their own thematic Space ETF, $ARKX.
There's obviously a ton of hype surrounding this emerging theme right now. But is this industry, in its current form, worth investors' time?
There was plenty of positive economic data this week, but the bounce in residential construction activity really caught my eye. This tends to be a leading indicator for the economy overall. Housing starts were particularly strong in March, surging to their highest level since 2006. This probably isn’t too much of a surprise for those who have been watching Lumber build on last year’s gains and move to new all-time highs this week. Not that I was trying to do channel checks during my break last week, but I did notice plenty of trucks on the road headed North and loaded with lumber and logs as I drove through Kentucky, Tennessee, and Alabama (though they are not yet to the point of traveling in convoys surrounded by a security detail).
I have fond memories of my very first cellular phone in 1995. I was still in college and had a "job" selling advertising for the local arts & entertainment newspaper in town. One of the perks of the job was having a cellphone so I could be reached at any time.
In 1995, having a flip phone (that barely fit in my pocket), was pretty cool. Or at least I thought I was...
I'm headed down this nostalgic lane thanks to today's trade idea.
Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large, and ultimately to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B) they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from.
Last night I popped into BNN Bloomberg to talk about what's going on in the market.
We're seeing new highs across a lot of major indexes, but what's happening underneath the surface?
We've been seeing the price of lumber soaring along with things like Steel and Rebar futures. It's the whole demand/building/growth theme that continues to stand out.
One thing that's definitely worth watching is the All Country World Index Ex-U.S., which is basically a snapshot of what the rest of the world looks like. And you'll notice that the index ETF $ACWX is stuck right between its 2008 highs and 2018 highs.
This puts the global stock market in quite a predicament. If you're bullish equities, you're going to want to see a breakout through those historic 2008 highs. If you're bearish equities, this is one you want to see break back below those 2018 highs.
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Tuesday April 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
We were cooped up all winter, so we decided to head south.
As soon as the kids got out of school for spring break, we loaded up the car, left Milwaukee, and headed for the Gulf of Mexico.
It was a long trip -- and I had plenty of time to think along the way. In a world of momentum and trends, we want to remember where we’re coming from so we can better understand where we’re going.
