$SPY dropped down to its 21-day moving average, and $QQQ broke below its own 21-day.
We’ll see if this is a one-day wonder or if the Fitch downgrade has more meaning.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
$SPY dropped down to its 21-day moving average, and $QQQ broke below its own 21-day.
We’ll see if this is a one-day wonder or if the Fitch downgrade has more meaning.
by David
This is the video recording of the August 2, 2023, Hot Corner Insider Weekly Strategy Session.
by David
The largest insider transaction on today’s list comes in a Form 4 filing by Blackford (Beau) F. Brauer, director at Commerce Bancshares $CBSH.
Brauer reported a purchase of CBSH shares worth $265,003.
by David
From the Desk of Kimmy Sokoloff
After normal trading hours yesterday, Fitch downgraded the US.
As of now, it’s been a muted response. We’ll see if it turns into something bigger.
I did tell traders last week having a hedge does not hurt.
by David
From the Desk of Kimmy Sokoloff
The market is taking a breather.
We still have a lot of earnings to contend with this week.
From the desk of Steve Strazza @Sstrazza
Welcome to our latest Minor Leaguers report.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against tech or other growth stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
by David
The only insider transaction on today’s list comes in a Form 4 filing by the CEO of Triumph Group $TGI, Chong Chan Teo.
Teo reported a small purchase of TGI shares worth $101,095.
by David
From the Desk of Kimmy Sokoloff
We’re turning the corner into the last stretch of summer.
The market has been very resilient through all negative news.